Mitek Systems Inc’s recent filing unveils that its Director ROSSI MARK acquired Company’s shares for reported $45275.0 on Mar 06 ’25. In the deal valued at $9.05 per share,5,000 shares were bought. As a result of this transaction, ROSSI MARK now holds 33,744 shares worth roughly $0.28 million.
Then, ROSSI MARK bought 2,500 shares, generating $22,275 in total proceeds. Upon buying the shares at $8.91, the Director now owns 36,244 shares.
Before that, Carter Scott R bought 12,000 shares. Mitek Systems Inc shares valued at $108,960 were divested by the Director at a price of $9.08 per share. As a result of the transaction, Carter Scott R now holds 192,136 shares, worth roughly $1.59 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 -2.94% to $8.25. Over the last five days, the stock has lost -8.33%. Mitek Systems Inc shares have fallen nearly -25.88% since the year began. Nevertheless, the stocks have fallen -40.73% 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 03/31/25. SMA at 50 days reached $9.57, while 200 days put it at $9.82.
Levels Of Support And Resistance For MITK Stock
The 24-hour chart illustrates a support level at 8.15, which if violated will result in even more drops to 8.05. On the upside, there is a resistance level at 8.39. A further resistance level may holdings at 8.54. The Relative Strength Index (RSI) on the 14-day chart is 29.89, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.87%. Stochastics %K at 16.14% 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 2025-03-14, dropping by -0.51 million shares to a total of 3.08 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 3.59 million shares. There was a decline of -16.58%, 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.
