Absolute Stock Buy Hold or Sell Recommendation

ABST
 Stock
  

USD 9.65  0.32  3.21%   

Given the investment horizon of 90 days and your typical level of risk aversion, our recommendation regarding Absolute Software is 'Hold'. Macroaxis provides Absolute Software buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ABST positions. The advice algorithm takes into account all of Absolute Software's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Absolute Software's buy-and-hold perspective. Please continue to Absolute Software Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Absolute and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Absolute Software.

Execute Absolute Software Buy or Sell Advice

The Absolute recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Absolute Software. Macroaxis does not own or have any residual interests in Absolute Software or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Absolute Software's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Absolute SoftwareBuy Absolute Software
Hold

Volatility

Details

Hype Condition

Details

Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

Details

Analyst Consensus

Details

Financial Strenth (F Score)

Details

Financial Leverage

Inapplicable
Details

Reporting Quality (M-Score)

Details
For the selected time horizon Absolute Software has a Risk Adjusted Performance of (0.014888), Jensen Alpha of (0.18), Total Risk Alpha of (0.29) and Treynor Ratio of (0.046192)
We provide trade advice to complement the prevailing expert consensus on Absolute Software. Our dynamic recommendation engine uses a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time. To make sure Absolute Software is not overpriced, please confirm all Absolute Software fundamentals, including its revenue, short ratio, net asset, as well as the relationship between the cash per share and market capitalization . Given that Absolute Software has a number of shares shorted of 1.26 M, we suggest you to validate Absolute Software market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Absolute Software Trading Alerts and Improvement Suggestions

Absolute Software generated a negative expected return over the last 90 days
Absolute Software has high historical volatility and very poor performance
The company currently holds 264.23 M in liabilities. Absolute Software has a current ratio of 0.76, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Absolute Software until it has trouble settling it off, either with new capital or with free cash flow. So, Absolute Software's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Absolute Software sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Absolute to invest in growth at high rates of return. When we think about Absolute Software's use of debt, we should always consider it together with cash and equity.
The entity reported the previous year's revenue of 197.31 M. Net Loss for the year was (24.48 M) with profit before overhead, payroll, taxes, and interest of 160.54 M.
Absolute Software has a poor financial position based on the latest SEC disclosures
Over 81.0% of the company shares are held by institutions such as insurance companies
On 25th of November 2022 Absolute Software paid $ 0.058 per share dividend to its current shareholders
Latest headline from news.google.com: Best RAM for Intel i7-13700K - WhatIfGaming

Absolute Software Returns Distribution Density

The distribution of Absolute Software's historical returns is an attempt to chart the uncertainty of Absolute Software's future price movements. The chart of the probability distribution of Absolute Software stock daily returns describes the distribution of returns around its average expected value. We use Absolute Software price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Absolute Software returns is essential to provide solid investment advice for Absolute Software.
Mean Return-0.05Value At Risk-4.26
Potential Upside4.91Standard Deviation3.50
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Absolute Software historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Absolute Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Absolute Software is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Absolute Software backward and forwards among themselves. Absolute Software's institutional investor refers to the entity that pools money to purchase Absolute Software's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.4 K75 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.4 K55 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.4 K54 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.4 K60 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.4 K71 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.4 K94 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares8.9 K124 K
Note, although Absolute Software's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Absolute Software Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Absolute Software or Technology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Absolute Software's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Absolute stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.18
β
Beta against NYSE Composite1.28
σ
Overall volatility
3.51
Ir
Information ratio -0.04

Absolute Software Volatility Alert

Absolute Software exhibits very low volatility with skewness of -1.28 and kurtosis of 5.58. However, we advise investors to further study Absolute Software technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Absolute Software's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Absolute Software's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Absolute Software Fundamentals Vs Peers

Comparing Absolute Software's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Absolute Software's direct or indirect competition across all of the common fundamentals between Absolute Software and the related equities. This way, we can detect undervalued stocks with similar characteristics as Absolute Software or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Absolute Software's fundamental indicators could also be used in its relative valuation, which is a method of valuing Absolute Software by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Absolute Software to competition
FundamentalsAbsolute SoftwarePeer Average
Return On Equity(4.00) %(0.31) %
Return On Asset(0.0006) %(0.14) %
Profit Margin(0.13) %(1.27) %
Operating Margin(0.0023) %(5.51) %
Current Valuation730.82 M16.62 B
Shares Outstanding52.25 M571.82 M
Shares Owned by Insiders0.10 %10.09 %
Shares Owned by Institutions80.52 %39.21 %
Number of Shares Shorted1.26 M4.71 M
Price to Book163.97 X9.51 X
Price to Sales2.52 X11.42 X
Revenue197.31 M9.43 B
Gross Profit160.54 M27.38 B
EBITDA17.68 M3.9 B
Net Income(24.48 M)570.98 M
Cash and Equivalents64.03 M2.7 B
Cash per Share1.25 X5.01 X
Total Debt264.23 M5.32 B
Current Ratio0.78 X2.16 X
Book Value Per Share0.06 X1.93 K
Cash Flow from Operations39.79 M971.22 M
Short Ratio7.26 X4.00 X
Earnings Per Share(0.46) X3.12 X
Target Price15.5
Number of Employees1018.84 K
Beta0.65-0.15
Market Capitalization522.01 M19.03 B
Total Asset555.62 M29.47 B
Z Score0.68.72
Annual Yield0.0237 %
Five Year Return3.23 %
Net Asset555.62 M
Last Dividend Paid0.24

Absolute Software Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Absolute . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Absolute Software Buy or Sell Advice

When is the right time to buy or sell Absolute Software? Buying financial instruments such as Absolute Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2021 2022 (projected)
Current Assets86.22 M179.32 M136.38 M139.85 M
Total Assets130.19 M232.63 M555.62 M440.31 M

Use Investing Ideas to Build Portfolios

In addition to having Absolute Software in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Iron Thematic Idea Now

Iron
Iron Theme
Companies involved in production of steel and iron. The Iron theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Iron Theme or any other thematic opportunities.
View All  Next Launch
Please continue to Absolute Software Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for analysis

When running Absolute Software price analysis, check to measure Absolute Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Absolute Software is operating at the current time. Most of Absolute Software's value examination focuses on studying past and present price action to predict the probability of Absolute Software's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Absolute Software's price. Additionally, you may evaluate how the addition of Absolute Software to your portfolios can decrease your overall portfolio volatility.
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
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
522 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.