Mitek Systems Inc’s recent filing unveils that its Chief Executive Officer WEST EDWARD H acquired Company’s shares for reported $0.51 million on Feb 20 ’25. In the deal valued at $9.21 per share,55,000 shares were bought. As a result of this transaction, WEST EDWARD H now holds 55,000 shares worth roughly $0.5 million.
Then, Stevenson Kimberly S bought 10,000 shares, generating $91,800 in total proceeds. Upon buying the shares at $9.18, the Director now owns 65,852 shares.
Before that, Diamond Michael E sold 36,398 shares. Mitek Systems Inc shares valued at $369,076 were divested by the General Manager at a price of $10.14 per share. As a result of the transaction, Diamond Michael E now holds 185,421 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 -2.77% to $9.11. Over the last five days, the stock has lost -8.07%. Mitek Systems Inc shares have fallen nearly -18.15% since the year began. Nevertheless, the stocks have fallen -20.02% 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 03/03/25. SMA at 50 days reached $10.34, while 200 days put it at $10.20.
Levels Of Support And Resistance For MITK Stock
The 24-hour chart illustrates a support level at 8.95, which if violated will result in even more drops to 8.78. On the upside, there is a resistance level at 9.35. A further resistance level may holdings at 9.58. The Relative Strength Index (RSI) on the 14-day chart is 36.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.41%. Stochastics %K at 12.19% indicates the stock is a buying.
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.
