With over 77981.0 Absolute Software Corporation (ABST) shares trading Tuesday and a closing price of $11.47 on the day, the dollar volume was approximately $0.89 million. The shares have shown a positive half year performance of 26.04% and its price on 01/24/23 lost nearly -1.29%. Currently, there are 51.42M common shares owned by the public and among those 35.43M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for ABST have a consensus price objective of $14.83. The analysts have set the share’s price value over the next 12 months at a high of $17.00 and a low of $11.13. The average price target is 26.0% above its recent price level and a downside to the estimated low will see the stock lose -3.05% over that period. But an upside of 32.53% will see the stock hit the forecast high price target while median target price for the stock is $16.00.
The top 3 mutual fund holders in Absolute Software Corporation are Legal & General UCITS ETF PLC – C, Crawford Small Cap Dividend Fund, and iShares IV Plc – Digital Security. Legal & General UCITS ETF PLC – C owns 2.25 million shares of the company’s stock, all valued at over $23.5 million. The company sold 8500.0 shares recently to bring their total holdings to about 4.31% of the shares outstanding. Crawford Small Cap Dividend Fund bought 20570.0 shares to see its total holdings expand to 0.41 million shares valued at over $4.23 million and representing 0.78% of the shares outstanding. iShares IV Plc – Digital Security now owns shares totaling to 0.72% of the shares outstanding.
Shares of Absolute Software Corporation (NASDAQ: ABST) opened at $11.66, up $0.04 from a prior closing price of $11.62. However, the script later moved the day high at 11.70, down -1.29%. The company’s stock has a 5-day price change of 0.44% and -1.12% over the past three months. ABST shares are trading 9.87% year to date (YTD), with the 12-month market performance up to 49.74% higher. It has a 12-month low price of $6.79 and touched a high of $12.59 over the same period. ABST has an average intraday trading volume of 102.15K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.35%, 13.00%, and 17.03% respectively.
Institutional ownership of Absolute Software Corporation (NASDAQ: ABST) shares accounts for 81.05% of the company’s 51.42M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $791.66M and a beta (3y monthly) value of 0.51. The earnings-per-share (ttm) stands at -$0.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.61% over the week and 3.70% over the month.
Analysts forecast that Absolute Software Corporation (ABST) will achieve an EPS of $0.08 for the current quarter, $0 for the next quarter and $0.23 for 2024. The lowest estimate earnings-per-share for the quarter is $0.08 while analysts give the company a high EPS estimate of $0.08. Comparatively, EPS for the current quarter was -$0.15 a year ago. Earnings per share for the fiscal year are expected to decrease by -750.10%, and 850.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Absolute Software Corporation (ABST) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 1 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the ABST, a number of firms have released research notes about the stock. TD Securities stated their Buy rating for the stock in a research note on February 09, 2022, with the firm’s price target at $11-$13.