Mitek Systems, Inc. is a provider of mobile image capture and digital identity verification solutions. It is a software development company with expertise in computer vision, artificial intelligence, and machine learning. Its digital technology solutions are provided in two parts: a software development kit for mobile image capture and a cloud software platform which uses artificial intelligence, and machine learning to classify and extract data to enable mobile check deposit as well as aid the authentication of identity documents including passports, identity cards, and driver's licenses using a camera-equipped device. We show 62 historical shares outstanding datapoints in our MITK shares outstanding history coverage, used to compute MITK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MITK market cap history over the course of time is important for investors
interested in comparing MITK's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of MITK versus a peer is one thing; comparing
MITK market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like MITK can fluctuate over the course of history.
With this page we aim to empower investors researching MITK by allowing them to research the MITK market cap history. |
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Video: The Importance of Market Cap
