In a filing, Mitek Systems Inc revealed its GC, Secretary & Admin Officer Gray Jason unloaded Company’s shares for reported $56434.0 on Dec 11 ’24. In the deal valued at $9.07 per share,6,222 shares were sold. As a result of this transaction, Gray Jason now holds 164,342 shares worth roughly $1.67 million.
Then, Briggs Christopher H sold 3,320 shares, generating $30,133 in total proceeds. Upon selling the shares at $9.08, the SVP Identity now owns 65,353 shares.
Before that, Diamond Michael E sold 4,544 shares. Mitek Systems Inc shares valued at $41,305 were divested by the General Manager at a price of $9.09 per share. As a result of the transaction, Diamond Michael E now holds 166,632 shares, worth roughly $1.69 million.
Jefferies downgraded its Mitek Systems Inc [MITK] rating to a Hold from a a Buy in a research note published on September 04, 2024; the price target was decreased to $9.50 from $17. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating.
Price Performance Review of MITK
On Monday, Mitek Systems Inc [NASDAQ:MITK] saw its stock fall -1.55% to $10.15. Over the last five days, the stock has lost -6.37%. Mitek Systems Inc shares have fallen nearly -8.81% since the year began. Nevertheless, the stocks have fallen -17.08% over the past one year. While a 52-week high of $16.24 was reached on 01/02/25, a 52-week low of $7.35 was recorded on 01/13/25. SMA at 50 days reached $9.75, while 200 days put it at $10.77.
Levels Of Support And Resistance For MITK Stock
The 24-hour chart illustrates a support level at 9.94, which if violated will result in even more drops to 9.74. On the upside, there is a resistance level at 10.37. A further resistance level may holdings at 10.60. The Relative Strength Index (RSI) on the 14-day chart is 45.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.56%. Stochastics %K at 13.34% indicates the stock is a buying.
How much short interest is there in Mitek Systems Inc?
A steep rise in short interest was recorded in Mitek Systems Inc stocks on 2024-11-29, dropping by -0.5 million shares to a total of 3.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.28 million shares. There was a decline of -13.26%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 12, 2021 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $27 price target.
