Absolute Stock Financials

ABST
 Stock
  

USD 10.15  0.05  0.49%   

You can use Absolute Software fundamental data analysis to find out if markets are presently mispricing the company. We are able to interpolate and collect thirty available fundamental indicators for Absolute Software Cp, which can be compared to its rivals. To ensure the equity is not overpriced, please confirm all Absolute Software financials, including its cash per share, and the relationship between the revenue and short ratio . Given that Absolute Software has a shares owned by institutions of 73.23 %, we suggest you to validate Absolute Software Cp prevailing market performance to make sure the company can sustain itself down the road. Use Absolute Software to protect your portfolios against small market fluctuations. Benchmarks are essential to demonstrate the utility of optimization algorithms. The stock experiences a normal downward trend and little activity. Check odds of Absolute Software to be traded at $10.05 in 90 days.
  
With this module, you can analyze Absolute financials for your investing period. You should be able to track the changes in Absolute Software individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.

Absolute Most Recent Estimates

Quarterly Earnings Growth YOY
(0.20) 
Diluted Eps
(0.46) 
EPS Estimate Current Year
(0.48) 
EPS Estimate Next Year
(0.08) 
EPS Estimate Current Quarter
0.08
Earnings Share
(0.46) 
Understanding current and past Absolute Software Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Absolute Software's financial statements are interrelated, with each one affecting the others. For example, an increase in Absolute Software's assets may result in an increase in income on the income statement.
Chance Of Financial Distress
Over 72
Absolute Software Cp has more than 72 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Absolute Software stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in Absolute Software's official financial statements usually reflect Absolute Software's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Absolute Software. For example, before you start analyzing numbers published by Absolute accountants, it's critical to develop an understanding of what Absolute Software's liquidity, profitability, and earnings quality are in the context of the Technology space in which it operates.
Please note, the presentation of Absolute Software's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Absolute Software's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Absolute Software's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Absolute Software Cp. Please utilize our Beneish M Score to check the likelihood of Absolute Software's management to manipulate its earnings.

Absolute Software Company Summary

Absolute Software competes with Salesforce, Intuit, Servicenow, Snowflake Inc, and Cadence Design. Absolute Software Corporation develops, markets, and provides software services that support the management and security of computing devices, applications, data, and networks for various organizations. Absolute Software Corporation was incorporated in 1993 and is headquartered in Vancouver, Canada. Absolute Software operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange.
Foreign Associate  Canada
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
Business AddressFour Bentall Centre
SectorTechnology
IndustrySoftware—Application
BenchmarkDOW
Websitewww.absolute.com
Phone604 730 9851
CurrencyUSD - US Dollar
You should never invest in Absolute Software without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Absolute Stock, because this is throwing your money away. Analyzing the key information contained in Absolute Software's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Absolute Software Key Financial Ratios

Generally speaking, Absolute Software's financial ratios allow both analysts and investors to convert raw data from Absolute Software's financial statements into concise, actionable information that can be used to evaluate the performance of Absolute Software over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Absolute Software reports annually and quarterly.

Absolute Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Absolute Software's current stock value. Our valuation model uses many indicators to compare Absolute Software value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Absolute Software competition to find correlations between indicators driving Absolute Software's intrinsic value. More Info.
Absolute Software Cp is number one stock in short ratio category among related companies. It is rated below average in cash flow from operations category among related companies making about  3,082,107  of Cash Flow from Operations per Short Ratio. . Comparative valuation analysis is a catch-all model that can be used if you cannot value Absolute Software by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Absolute Software's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Absolute Software's earnings, one of the primary drivers of an investment's value.

Absolute Software Systematic Risk

Absolute Software's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Absolute Software volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Absolute Software correlated with the market. If Beta is less than 0 Absolute Software generally moves in the opposite direction as compared to the market. If Absolute Software Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Absolute Software is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Absolute Software is generally in the same direction as the market. If Beta > 1 Absolute Software moves generally in the same direction as, but more than the movement of the benchmark.
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About Absolute Software Financials

What exactly are Absolute Software Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Absolute Software's income statement, its balance sheet, and the statement of cash flows. Potential Absolute Software investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Absolute Software investors may use each financial statement separately, they are all related. The changes in Absolute Software's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Absolute Software's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Absolute Software is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Absolute has grown by more than 25% over the last five years, then there is a good chance that it will continue growing at least by 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.

Absolute Software November 28, 2022 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Absolute Software help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Absolute Software Cp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Absolute Software Cp based on widely used predictive technical indicators. In general, we focus on analyzing Absolute Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Absolute Software's daily price indicators and compare them against related drivers.
Information Ratio(0.08)
Maximum Drawdown21.88
Value At Risk(4.67)
Potential Upside4.91
Please continue to Trending Equities. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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Is Absolute Software's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Absolute Software. If investors know Absolute will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Absolute Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.20) 
Market Capitalization
537.8 M
Quarterly Revenue Growth YOY
0.22
Return On Assets
(0.0006) 
Return On Equity
(4.00) 
The market value of Absolute Software is measured differently than its book value, which is the value of Absolute that is recorded on the company's balance sheet. Investors also form their own opinion of Absolute Software's value that differs from its market value or its book value, called intrinsic value, which is Absolute Software's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Absolute Software's market value can be influenced by many factors that don't directly affect Absolute Software's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Absolute Software's value and its price as these two are different measures arrived at by different means. Investors typically determine Absolute Software value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Absolute Software's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.