This Many Analysts Can’t Be Wrong About Mitek Systems, Inc. (MITK), Cactus, Inc. (WHD)

6 analysts out of 6 Wall Street brokerage firms rate Mitek Systems, Inc. (NASDAQ:MITK) as a Buy, while 0 see it as a Sell. The rest 0 describe it as a Hold. MITK stock traded higher to an intra-day high of $10.63. At one point in session, its potential discontinued and the price was down to lows at $10.37. Analysts have set MITK’s consensus price at $14.9, effectively giving it a 42.45% projection on returns. Should the projected estimates be met, then the stock will likely hit its highest price at $20 (up 91.2% from current price levels). MITK has a -9.2% ROE, lower than the 15.43% average for the industry. The average ROE for the sector is 18.42%.

It is expected that in Jun 2019 quarter MITK will have an EPS of $0.04, suggesting a 300% growth. For Sep 2019 is projected at $0.13. It means that there could be a 62.5% growth in the quarter. Yearly earnings are expected to rise by 7.69% to about $0.14. As for the coming year, growth will be about 92.86%, lifting earnings to $0.27. RSI after the last trading period was 31.7. MITK recorded a change of -3.33% over the past week and returned -6.27% over the last three months while the MITK stock’s monthly performance revealed a shift in price of -11.8%. The year to date (YTD) performance stands at -3.24%, and the bi-yearly performance specified an activity trend of 9.99% while the shares have moved 20.92% for the past 12 months.

Mitek Systems, Inc. (MITK) currently trades at $10.46, which is higher by 0.87% its previous price. It has a total of 39.92 million outstanding shares, with an ATR of around 0.38. The company’s stock volume dropped to 0.47 million, worse than 399.06 thousands that represents its 50-day average. A 5-day decrease of about -3.33% in its price means MITK is now -3.24% lower on year-to-date. The shares have surrendered $43372.54 since its $13.07 52-week high price recorded on 26th of March 2019. Overall, it has seen a growth rate of 20.92 over the last 12 months. The current price per share is $4.14 above the 52 week low of $6.32 set on 10th of October 2018.

Mitek Systems, Inc. (NASDAQ:MITK)’s EPS was $0.07 as reported for the March quarter. In comparison, the same quarter a year ago had an EPS of $0.06. That means that its growth in general now stands at 17%. Therefore, a prediction of $0.06 given by the analysts brought a positive surprise of 17%. MITK March quarter revenue was $19.98 million, compared to $14.28 million recorded in same quarter last year, giving it a 40% growth rate. The company’s $5.7 million revenue growth that quarter surprised Wall Street and investors will need to consider this as they assess the stock.

Cactus, Inc. (NYSE:WHD) shares appreciated 1.91% over the last trading period, taking overall 5-day performance up to -4.13%. WHD’s price now at $35.26 is weaker than the 50-day average of $36.76. Getting the trading period increased to 200 days, the stock price was seen at $34.18 on average. The general public currently hold control of a total of 46.68 million shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 74.51 million. The company’s management holds a total of 0.3%, while institutional investors hold about 86.8% of the remaining shares. WHD share price finished last trade -4.88% below its 20 day simple moving average and its upbeat gap from 200 day simple moving average is 3.2%, while closing the session with -4.16% distance from 50 day simple moving average.

Cactus, Inc. (WHD) shares were last observed trading -13.94% down since October 09, 2018 when the peak of $40.97 was hit. Last month’s price growth of -5.67% puts WHD performance for the year now at 28.64%. Consequently, the shares price is trending higher by 43.33%, a 52-week worst price since Dec. 26, 2018. However, it is losing value with -4.55% in the last 6 months. From a technical perspective, it appears more likely that the stock will experience a Bull Run market as a result of the strong support seen recently between $33.83 and $34.54. The immediate resistance area is now $35.8 Williams’s %R (14) for WHD moved to 75.11 while the stochastic %K points at 20.22.

WHD’s beta is 0; meaning investors could reap lower returns, although it also poses lower risks. The company allocated $0.81 per share from its yearly profit to its outstanding shares. Its last reported revenue is $158.88 million, which was 38% versus $115.11 million in the corresponding quarter last year. The EPS for Mar 19 quarter came in at $0.49 compared to $0.34 in the year-ago quarter and had represented 44% year-over-year earnings per share growth. WHD’s ROA is 10.6%, higher than the -48.69% industry average. Although a more robust percentage would be better, consideration is given to how well peers within the industry performed. Companies within the sector had an ROA of 8.77%.