Absolute Stock Analysis


USD 11.80  0.19  1.64%   

The newest price gain of Absolute Software could raise concerns from private investors as the firm is trading at a share price of 11.80 on 73,041 in volume. The company management teams may have good odds in positioning the firm resources to exploit market volatility in November. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.58. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Absolute Software partners.
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The Absolute Software stock analysis report makes it easy to digest most publicly released information about Absolute Software and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Absolute Stock analysis module also helps to analyze the Absolute Software price relationship with some important fundamental indicators such as market cap and management efficiency.

Absolute Stock Analysis Notes

About 76.0% of the company shares are held by institutions such as insurance companies. The company recorded a loss per share of 0.14. Absolute Software last dividend was issued on the 10th of August 2022. Absolute Software Corporation develops, markets, and provides cloud-based endpoint visibility and control platform for the management and security of computing devices, applications, and data for enterprise and public sector 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. For more info on Absolute Software Cp please contact the company at 604-730-9851 or go to https://www.absolute.com.

Absolute Software Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Absolute Software's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Absolute Software Cp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Absolute Software has very high historical volatility over the last 90 days
Absolute Software has high likelihood to experience some financial distress in the next 2 years
The company currently holds 278.24 M in liabilities. Absolute Software has a current ratio of 0.74, 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 176.56 M. Net Loss for the year was (22.15 M) with profit before overhead, payroll, taxes, and interest of 104.92 M.
Over 76.0% of the company shares are held by institutions such as insurance companies
On 26th of August 2022 Absolute Software paid $ 0.0621 per share dividend to its current shareholders
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Absolute Software Upcoming and Recent Events

Earnings reports are used by Absolute Software to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Absolute Software previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report8th of February 2022
Next Financial Report10th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End9th of August 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Absolute Software SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Absolute Software prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Absolute Software investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Absolute Software specific information freely available to individual and institutional investors to make a timely investment decision.

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 Cp 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
Lynrock Lake LpCommon Shares5.9 M51.4 M
Trigran Investments IncCommon SharesM43.5 M
Edenbrook Capital LlcCommon Shares4.9 M42.7 M
Connor Clark Lunn Investment Management LtdCommon Shares3.3 M28.1 M
Wellington Management Group LlpCommon Shares2.8 M24.1 M
Divisar Capital Management LlcCommon Shares1.4 M12.5 M
Harber Asset Management LlcCommon Shares1.2 M10.1 M
Parallax Volatility Advisers LpPut Options579.8 KM
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 Market Capitalization

The company currently falls under 'Small-Cap' category with current market capitalization of 578.42 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Absolute Software's market, we take the total number of its shares issued and multiply it by Absolute Software's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Absolute Profitablity

Absolute Software's profitability indicators refer to fundamental financial ratios that showcase Absolute Software's ability to generate income relative to its revenue or operating costs. If, let's say, Absolute Software is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Absolute Software's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Absolute Software's profitability requires more research than a typical breakdown of Absolute Software's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (12.55) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (7.64) %, which suggests for every $100 dollars of sales, it generated a net operating loss of -0.08.

Management Efficiency

The entity has return on total asset (ROA) of (2.21) % which means that it has lost $2.21 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (128.09) %, meaning that it created substantial loss on money invested by shareholders. Absolute Software management efficiency ratios could be used to measure how well absolute software manages its routine affairs as well as how well it operates its assets and liabilities.

Technical Drivers

As of the 3rd of October, Absolute Software shows the Risk Adjusted Performance of 0.1684, downside deviation of 2.81, and Mean Deviation of 2.41. Absolute Software technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We are able to interpolate and collect nineteen technical drivers for Absolute Software Cp, which can be compared to its rivals. Please confirm Absolute Software standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Absolute Software is priced correctly, providing market reflects its regular price of 11.8 per share. Given that Absolute Software has jensen alpha of 0.6455, we suggest you to validate Absolute Software Cp's prevailing market performance to make sure the company can sustain itself at a future point.

Absolute Software Price Movement Analysis

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The output start index for this execution was one with a total number of output elements of sixty. The Extended Parabolic SAR indicator is used to determine the direction of Absolute Software's momentum and the point in time when it has higher than normal probability of directional change. It has more input parameters than standard Parabolic SAR indicator.

Absolute Software Predictive Daily Indicators

Absolute Software intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Absolute Software stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Absolute Software Forecast Models

Absolute Software time-series forecasting models is one of many Absolute Software's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Absolute Software's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Absolute Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Absolute Software prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Absolute shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual Stock such as Absolute Software. By using and applying Absolute Stock analysis, traders can create a robust methodology for identifying Absolute entry and exit points for their positions.
Absolute Software Corporation develops, markets, and provides cloud-based endpoint visibility and control platform for the management and security of computing devices, applications, and data for enterprise and public sector 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.

Current Absolute Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Absolute analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Absolute analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
Absolute Software Cp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Absolute analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Absolute stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Absolute Software, talking to its executives and customers, or listening to Absolute conference calls.
Absolute Analyst Advice Details

Absolute Stock Analysis Indicators

Absolute Software Cp stock analysis indicators help investors evaluate how Absolute Software stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Absolute Software shares will generate the highest return on investment. By understating and applying Absolute Software stock analysis, traders can identify Absolute Software position entry and exit signals to maximize returns.
Quick Ratio0.66
Trailing Annual Dividend Rate0.26
Fifty Two Week Low6.79
Revenue Growth69.60%
Shares Short Prior Month1.43M
Average Daily Volume Last 10 Day94.42k
Average Daily Volume In Three Month74.62k
Shares Percent Shares Out2.61%
Gross Margins82.16%
Forward Price Earnings-77.40
Float Shares34.87M
Fifty Two Week High12.41
Enterprise Value To Ebitda213.72
Fifty Day Average10.55
Two Hundred Day Average9.04
Enterprise Value To Revenue3.86
Trailing Annual Dividend Yield2.27%
Please continue to Trending Equities. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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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.
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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.
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.