📹📈 MITEK SYSTEMS ANALYSIS

bananaramana (40)in LAKSHMI • 2 years ago

1
Mitek Systems reported 1st Quarter December 2021 earnings of $0.17 per share on revenue of $32.5 million. The consensus earnings estimate was $0.07 per share on revenue of $28.7 million. Revenue grew 25.0% on a year-over-year basis.

Mitek Systems Inc is engaged in the development, sale and service of its proprietary software solutions related to mobile imaging applications and intelligent recognition software. Its mobile imaging software solutions are available for iOS and Android.

2
Since 28.01.2022 the stock is consolidating within an area ranging from $17.00 - $15.65.

WHAT DO I EXPECT NEXT?

3
I can imagine that the Mitek Systems stock will continue to consolidate within the range and might break out of its consolidation channel as soon as the entire market has strength. If the stock moves above $17.00 with higher than average volume, it might be beneficial to buy the stock. When the stock price closes below its temporary low at $15.65 the trading scenario is invalid.

What are your thoughts? Leave a comment down below 👇