How to Buy Absolute Software Stock
Absolute Software Corp
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 stock last closed at $11.28, up 0.71% from the previous day, and has increased 22.48% in one year. It has overperformed other stocks in the Software - Application industry by 0.25 percentage points. Absolute Software stock is currently +52.72% from its 52-week low of $7.39, and -10.37% from its 52-week high of $12.59.
There are currently 53.1M shares of ABST outstanding. The market capitalization of ABST is $598.97M. In the past 24 hours, 1.26M ABST shares were traded.
How to Buy Absolute Software Stock
Not sure how to invest in Absolute Software stock? Here's how.
- Figure out where to buy Absolute Software stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Absolute Software stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your method of payment and add your information.
- Analyze Absolute Software stock: The Absolute Software ticker symbol is ABST. Is Absolute Software stock a good investment? Should you buy shares of ABST? How do ABST's underlying business fundamentals look? Do top analysts think Absolute Software is a good buy? Why has ABST's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if ABST is a good stock to buy).
- Place your ABST purchase: Decide if you will purchase ABST shares at the current market price or use a limit order to buy ABST shares at a given price.
- Get key alerts regarding your ABST position: Create a watchlist to important notifications about your investment in Absolute Software stock.
Step 1: Figure out where to buy Absolute Software stock
You will need a brokerage account in order to access the NASDAQ market and buy ABST stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal details so you can buy ABST stock today.
How to Open a New Investment Account on eToro
- Click here to get started.
- Enter your personal details to create your new trading account.
- Submit your details by clicking the "Create Account" button.
Step 3: Deposit funds into your brokerage account
Now that you've created your account on our top ranked stock app, your next step is to transfer the money for your investment:
Check out the walkthrough below for more details depositing money into your new investment account.
Step 4: Analyze Absolute Software stock
Once you have identified the best place to buy Absolute Software stock, it's very important to analyze their stock prior to investing, so you can wrap your head around the risk as well as the opportunity.
Absolute Software Metrics
Absolute Software Due Diligence Checks
WallStreetZen was created to help part-time investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on ABST's stock page.
Is ABST stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge ABST's true value.
You can do additional valuation analysis on ABST's stock here.
ABST Financial Overview
Positive Financial Indicators:
- ABST profit margin has gone up from -12.4% to -11.8% in the past year.
Negative Financial Indicators:
- There are more short-term liabilities than short-term assets on the ABST balance sheet.
- ABST earnings of -$2.58M is not sufficient to cover its interest payments.
- Total ABST debt is still negative.
- ABST's operating cash flow of $39.06M allows it to safely service it's debt of $268.20M.
- There are more long-term liabilities than short-term assets on the ABST balance sheet.
- ABST debt to equity ratio of -45.6 is negative.
Is it a good time to buy Absolute Software stock, according to analysts?
Out of 2 Wall Street analysts who give recommendations on ABST, the consensus analyst rating on ABST is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Latest ABST Analyst Ratings
Michael Walkley, a top 4% analyst from Canaccord Genuity downgrades ABST to a hold rating and lowers their ABST price target from $17.00 to $11.50, on May 12, 2023.
Scott Berg, a top 19% analyst from Needham reiterates ABST with a buy rating and maintains their ABST price target from $14.00 to $14.00, on Feb 15, 2023.
You can dive deeper into what analysts are forecasting on the Absolute Software stock forecast page.
ABST Trading Indicators
Is ABST Making Money?
Last year, ABST revenue was $222.06M. During the past two year, ABST's revenue has increased by 38.26% per year. This was faster than the Software - Application industry average of 33.02%.
Dive into ABST's earnings and revenue performance here.
Latest Insiders Trades at ABST
Over the last year, insiders at ABST have bought more shares than they have sold.
Edenbrook Capital LLC, 10% Owner of ABST, was the latest ABST insider to buy. They bought $187,100.00 worth of ABST stock on Mar 28, 2023.
Dig into more about who owns ABST stock here.
Can I rely on ABST as an income stream?
No, Absolute Software doesn't provide an income stream by paying out dividends.
What do other traders have to say about ABST?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your ABST purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular dollar amount limit, use a limit order.
Hit the Open button and your broker will place your order.
If you want more info about investing in stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your ABST position
Now that you own some ABST stock, you'll want to keep up with your investment.
Make a watchlist to keep track of your ABST stock.
ABST Feed
How to Buy Stock in Absolute Software
To summarize, here are the 6 steps to buy Absolute Software stock:
- Figure out where to buy Absolute Software stock
- Open a brokerage account
- Deposit funds into your brokerage account
- Analyze Absolute Software stock
- Place your ABST purchase
- Get key alerts regarding your ABST position
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep track of your investment in Absolute Software, add ABST to your watchlist below.
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