Absolute Stock Today

ABST
 Stock
  

USD 9.74  0.41  4.04%   

Market Performance
0 of 100
Odds Of Distress
Over 70
Absolute Software is selling for under 9.74 as of the 29th of November 2022; that is -4.04 percent down since the beginning of the trading day. The stock's last reported lowest price was 9.65. Absolute Software has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Absolute Software Cp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2020 and ending today, the 29th of November 2022. Click here to learn more.
Fiscal Year End
June
IPO Date
28th of October 2020
Category
Technology
ISIN
CA00386B1094
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. The company has 49.82 M outstanding shares of which 1.13 M shares are presently shorted by private and institutional investors with about 12.91 trading days to cover. More on Absolute Software Cp

Moving together with Absolute Software

+0.62BOTYLINGERIE FIGHTING Earnings Call  This WeekPairCorr

Moving against Absolute Software

-0.56JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr
-0.51GEOGeo Group Normal TradingPairCorr
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

Absolute Software Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Absolute Software's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Absolute Software or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Absolute Software generated a negative expected return over the last 90 days
Absolute Software has high historical volatility and very poor performance
Absolute Software has high likelihood to experience some financial distress in the next 2 years
The company currently holds 277.14 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.
About 73.0% 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
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Average Analyst Recommendation
Analysts covering Absolute Software report their recommendations after researching Absolute Software's financial statements, talking to executives and customers, or listening in on Absolute Software's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Absolute Software. The Absolute consensus assessment is calculated by taking the average forecast from all of the analysts covering Absolute Software.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Absolute Software's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldUndervalued
Absolute Software Cp (ABST) is traded on NASDAQ Exchange in USA and employs 530 people. The company currently falls under 'Small-Cap' category with current market capitalization of 465.32 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 Software conducts business under Technology sector and is part of Software—Application industry. The entity has 49.82 M outstanding shares of which 1.13 M shares are presently shorted by private and institutional investors with about 12.91 trading days to cover. Absolute Software Cp currently holds about 64.03 M in cash with 39.79 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.25.
Check Absolute Software Probability Of Bankruptcy
Ownership
Absolute Software retains a total of 49.82 Million outstanding shares. The majority of Absolute Software Cp outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Absolute Software to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Absolute Software. Please pay attention to any change in the institutional holdings of Absolute Software Cp as this could imply that something significant has changed or about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.

Ownership Allocation (%)

Check Absolute Ownership Details

Absolute Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Absolute Software jumping above the current price in 90 days from now is about 91.14%. The Absolute Software Cp probability density function shows the probability of Absolute Software stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.2897. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Absolute Software will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Absolute Software is significantly underperforming DOW.
  Odds Below 9.74HorizonTargetOdds Above 9.74
8.79%90 days
 9.74 
91.14%
Based on a normal probability distribution, the odds of Absolute Software to move above the current price in 90 days from now is about 91.14 (This Absolute Software Cp probability density function shows the probability of Absolute Stock to fall within a particular range of prices over 90 days) .

Absolute Software Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Absolute Software market risk premium is the additional return an investor will receive from holding Absolute Software long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Absolute Software. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Absolute Software's alpha and beta are two of the key measurements used to evaluate Absolute Software's performance over the market, the standard measures of volatility play an important role as well.

Absolute Stock Against Markets

Picking the right benchmark for Absolute Software stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Absolute Software stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Absolute Software is critical whether you are bullish or bearish towards Absolute Software Cp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Absolute Software without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Absolute Software Cp?

The danger of trading Absolute Software Cp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Absolute Software is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Absolute Software. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Absolute Software is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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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.
Quarterly Earnings Growth YOY
(0.20) 
Market Capitalization
516.1 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.