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Realtime updates for Absolute Software [ABST]

Exchange: NASDAQ Sector: Technology Industry: Software—Application
Last Updated26 Jul 2023 @ 16:00

-0.09% $ 11.49

Live Chart Being Loaded With Signals

Commentary (26 Jul 2023 @ 16:00):
Profile picture for Absolute Software Corporation

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...

Stats
Today's Volume 704 052
Average Volume 1.57M
Market Cap 610.81M
EPS $-0.134 ( 2024-02-12 )
Next earnings date ( $0 ) 2024-05-13
Last Dividend $0.0800 ( 2023-05-10 )
Next Dividend $0 ( N/A )
P/E -22.98
ATR14 $0.111 (0.97%)
Insider Trading
Date Person Action Amount type
2023-03-28 Edenbrook Capital, Llc Buy 25 000 Common Shares, no par value
2023-03-24 Edenbrook Capital, Llc Buy 2 562 Common Shares, no par value
2023-03-22 Edenbrook Capital, Llc Buy 10 000 Common Shares. no par value
2023-03-15 Edenbrook Capital, Llc Buy 15 345 Common Shares. no par value
2023-03-15 Edenbrook Capital, Llc Buy 15 000 Common Shares, no par value
INSIDER POWER
100.00
Last 10 transactions
Buy: 142 377 | Sell: 0

Volume Correlation

Long: 0.29 (neutral)
Short: 0.76 (moderate)
Signal:(66.469) Neutral

Absolute Software Correlation

10 Most Positive Correlations
CSII0.984
APLD0.968
NWLI0.964
SRRA0.962
BNFT0.962
ADSE0.961
NGMS0.959
VIEW0.954
KBAL0.949
MLTX0.947
10 Most Negative Correlations
LMPX-0.97
JSPR-0.954
GROM-0.954
TRVN-0.953
OFIX-0.952
CYXT-0.952
KRBP-0.95
APPS-0.949
NKTX-0.947
DCFC-0.947

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Absolute Software Correlation - Currency/Commodity

The country flag -0.87
( strong negative )
The country flag -0.86
( strong negative )
The country flag 0.77
( moderate )
The country flag -0.15
( neutral )
The country flag -0.21
( neutral )
The country flag 0.85
( strong )

Absolute Software Financials

Annual 2022
Revenue: $197.31M
Gross Profit: $160.54M (81.36 %)
EPS: $-0.490
Q3 2023
Revenue: $58.77M
Gross Profit: $48.65M (82.78 %)
EPS: $-0.0752
Q2 2023
Revenue: $57.19M
Gross Profit: $46.50M (81.29 %)
EPS: $-0.130
Q4 2023
Revenue: $57.19M
Gross Profit: $46.50M (81.29 %)
EPS: $-0.130

Financial Reports:

No articles found.

Absolute Software Dividends

(Q3/22) (Q4/22) (Q1/23) (Q2/23) (Q3/23) (Q4/23) (Q1/24) (Q2/24) (Q3/24) (Q4/24)
$0.0800
(N/A)
$0.0800
(N/A)
$0.0800
(N/A)
$0.0800
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)

Absolute Software Dividend Information - Dividend Knight

Dividend Sustainability Score: 2.25 - low (50.00%) | Divividend Growth Potential Score: 3.34 - Decrease likely (33.10%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information
First Dividend $0.0500 2013-02-05
Last Dividend $0.0800 2023-05-10
Next Dividend $0 N/A
Payout Date 2023-05-24
Next Payout Date N/A
# dividends 42 --
Total Paid Out $3.14 --
Avg. Dividend % Per Year 1.76% --
Score 3.46 --
Div. Sustainability Score 2.25
Div.Growth Potential Score 3.34
Div. Directional Score 2.80 --
Next Divdend (Est)
(2024-07-01)
$0.0810 Estimate 10.00 %
Dividend Stability
0.40 Below Average
Dividend Score
3.46
Pay Frequency
Quarterly
Yearly Payout
Year Amount Yield
2013 $0.210 4.08%
2014 $0.240 3.69%
2015 $0.290 4.13%
2016 $0.320 6.24%
2017 $0.320 6.78%
2018 $0.320 5.81%
2019 $0.320 5.52%
2020 $0.320 4.82%
2021 $0.320 2.71%
2022 $0.320 3.38%
2023 $0.160 1.49%
2024 $0 0.00%

Dividend Commentary

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Top 10 dividend Companies for NASDAQ

Symbol Title Last dividend Frequency Years Dividend Yearly Dividend Score
OXLC Dividend Royal 2023-12-14 Monthly 14 10.00% 8.50
PSEC Dividend Royal 2023-12-26 Monthly 21 7.04% 8.50
SLVO Dividend Royal 2023-11-20 Monthly 12 10.77% 8.50
QYLD Dividend Royal 2023-11-20 Monthly 11 7.50% 8.50
OXSQ Dividend Diamond 2023-12-14 Monthly 21 9.10% 8.50
GAIN Dividend Royal 2023-12-04 Monthly 20 8.19% 8.50
GLDI Dividend Royal 2023-11-20 Monthly 12 7.15% 8.50
HRZN Dividend King 2023-12-18 Monthly 15 6.60% 8.45
USOI Dividend Royal 2023-11-20 Monthly 8 16.70% 8.28
PFLT Dividend King 2023-11-15 Monthly 14 6.50% 8.27

Dividend Sustainability Score (DSS)

RatioActual ValueWeightNormalized ValueScoreRange
netProfitMarginTTM-0.1211.500-2.41-3.62[0 - 0.5]
returnOnAssetsTTM-0.03871.200-1.291-1.549[0 - 0.3]
returnOnEquityTTM2.461.50010.0010.00[0.1 - 1]
payoutRatioTTM-0.459-1.000-4.594.59[0 - 1]
currentRatioTTM0.6480.800-1.760-1.408[1 - 3]
quickRatioTTM0.5980.800-1.186-0.949[0.8 - 2.5]
cashRatioTTM0.2831.5009.5410.00[0.2 - 2]
debtRatioTTM0.508-1.5001.535-2.30[0 - 0.6]
interestCoverageTTM-0.2091.000-1.189-1.189[3 - 30]
operatingCashFlowPerShareTTM0.5762.009.8110.00[0 - 30]
freeCashFlowPerShareTTM0.5522.009.7210.00[0 - 20]
debtEquityRatioTTM-22.65-1.500-10.0010.00[0 - 2.5]
grossProfitMarginTTM0.8161.00010.0010.00[0.2 - 0.8]
operatingProfitMarginTTM-0.02591.000-2.52-2.52[0.1 - 0.6]
cashFlowToDebtRatioTTM0.1131.000-0.481-0.481[0.2 - 2]
assetTurnoverTTM0.3210.800-1.193-0.954[0.5 - 2]
Total Score2.25

Dividend Growth Score (DGS)

RatioActual ValueWeightNormalized ValueScoreRange
peRatioTTM-29.651.000-3.100[1 - 100]
returnOnEquityTTM2.462.5010.0010.00[0.1 - 1.5]
freeCashFlowPerShareTTM0.5522.009.8210.00[0 - 30]
dividendYielPercentageTTM0.6961.50010.000[0 - 0.4]
operatingCashFlowPerShareTTM0.5762.009.8110.00[0 - 30]
payoutRatioTTM-0.4591.500-4.594.59[0 - 1]
pegRatioTTM0.04161.500-3.060[0.5 - 2]
operatingCashFlowSalesRatioTTM0.1791.0008.020[0.1 - 0.5]
Total Score3.34

Absolute Software

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. The company's Absolute platform offer Absolute Visibility that provides information on device hardware, software, and location; Absolute Control that provide remediation capabilities, such as the ability to remotely freeze devices and delete data; Absolute Resilience, which offer remote scripting, self-healing for critical apps, investigation and recovery services, and sensitive data identification; Absolute Ransomware Response that enables organizations to assess their ransomware preparedness for endpoints, monitors their endpoint cyber hygiene across the entire device fleet and allows for an expedited endpoint recovery; Absolute VPN an enterprise solution; Absolute ZTNA that protects networks and employees with real time risk analysis; and Absolute Insights for Network provides real-time data about device, application, and network performance in a single pane of glass. The company markets its solutions through device original equipment manufacturers, distributors, and value added resellers, as well as directly to healthcare organizations, educational institutions, governmental agencies, and individual consumers. It operates in North America, the United Kingdom, Vietnam, Germany, Australia, Japan, and Latin America. Absolute Software Corporation was incorporated in 1993 and is headquartered in Vancouver, Canada.

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