Mitek Systems Inc’s filing revealed 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 $0.24 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 $1.38 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 -4.02% to $7.17. Over the last five days, the stock has lost -13.09%. Mitek Systems Inc shares have fallen nearly -35.58% since the year began. Nevertheless, the stocks have fallen -49.68% over the past one year. While a 52-week high of $16.24 was reached on 01/02/25, a 52-week low of $7.31 was recorded on 04/07/25. SMA at 50 days reached $9.35, while 200 days put it at $9.74.
Levels Of Support And Resistance For MITK Stock
The 24-hour chart illustrates a support level at 6.89, which if violated will result in even more drops to 6.60. On the upside, there is a resistance level at 7.50. A further resistance level may holdings at 7.82. The Relative Strength Index (RSI) on the 14-day chart is 19.84, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.12%. Stochastics %K at 8.69% 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.
