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Saturday, June 3, 2023

Absolute Software Corporation (NASDAQ: ABST) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Absolute Software Corporation (ABST) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.18%, to $11.36. The Absolute Software Corporation has recorded 10,040 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Edenbrook Capital Sends Letter to Absolute Software Board.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Application industry segment. At the end of the last regular session, the stock closed at $11.38 and fluctuated between $11.43 as its day high and $11.35 as its day low. The current market capitalization of Absolute Software Corporation is $803.09M. A total of 1.41 million shares were traded on the day, compared to an average of 857.84K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ABST has seen 23 BUY and 8 SELL insider trades, representing the acquisition of 195,900 and the disposition of 30,076 shares. Over the last 12 months, there were 69 BUYs and 38 SELLs from insiders. Insiders purchased 713,988 shares during that period but sold 279,368.

In the most recent transaction, Edenbrook Capital, LLC bought 25,000 shares of ABST for 7.48 per share on Mar 28. After the transaction, the 10% Owner now owns 5,506,989 company shares. In a previous transaction on Mar 24, Edenbrook Capital, LLC bought 2,562 shares at 7.51 per share. ABST shares that 10% Owner owns now total 5,481,989.

Among the insiders who bought shares, Edenbrook Capital, LLC acquired of 10,000 shares on Mar 22 at a per-share price of $7.53. This resulted in the 10% Owner holding 5,479,427 shares of ABST after the transaction. In another insider transaction, Edenbrook Capital, LLC bought 30,345 shares at $7.50 per share on Mar 15. Company shares held by the 10% Owner now total 5,469,427.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. ABST’s most recent ex-dividend date was 5/10/2023 when it declared a $0.0590 quarterly dividend that was paid in cash on 5/24/2023. Previously, the company paid the dividend on 2/23/2023 with an ex-dividend date of 2/8/2023. The ABST stock dividend was $0.0590 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ABST in the last 3 months, the mean price target is $11.50 with high estimates of $11.50 and low estimates of $11.50. In terms of 52-week highs and lows, ABST has a high of $12.59 and a low of $7.39.

As of this writing, ABST has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.06. The company reported an EPS of -$0.13 in the last quarter, which was -244.40% lower than expectations of $0.09.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ABST’s latest balance sheet shows that the firm has $64.03M in Cash & Short Term Investments as of fiscal 2022. There were $277.14M in debt and $174.32M in liabilities at the time. Its Book Value Per Share was -$0.30, while its Total Shareholder’s Equity was $3.20M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ABST is Buy with a score of 3.60.

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