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ABST Stock Summary and Trading Ideas (Absolute Software | NASDAQ:ABST)

Charts for Today's Stock Price and Implied Volatility in Absolute Software

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30-Day Implied Volatility | IV30 Full Chart

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Absolute Software (ABST) Frequently Asked Questions

What does Absolute Software do?

Absolute Software Corp is engaged in the development, marketing, and provision of a cloud-based endpoint visibility and control platform that provides management and security of computing devices. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and the Rest of world. It serves Education; Healthcare; Government; Professional Services and Financial Services. The company principally derives its revenues from two sources: subscription and support revenues.

What symbol and exchange does Absolute Software stock trade?

Absolute Software trades on the NASDAQ stock market under the symbol ABST.

What is Absolute Software stock price doing today?

As of March 27, 2023, ABST stock price declined to $7.50 with 11,122 million shares trading.

What is Absolute Software's Beta?

ABST has a beta of 0.69, meaning it tends to be less sensitive to market movements. ABST has a correlation of 0.09 to the broad based SPY ETF.

How much is Absolute Software worth?

ABST has a market cap of $373.65 million. This is considered a Small Cap stock.

How much money does Absolute Software make?

Last quarter Absolute Software reported $57 million in Revenue and $.05 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.04.

What are the top ETFs holding Absolute Software?

The top ETF exchange traded funds that ABST belongs to (by Net Assets): DFIS, DFAI, DFIC, DFSI.

Is Absolute Software (ABST) a good investment?

ABST has outperformed the market in the last year with a return of -7.5%, while the SPY ETF lost -10.7%. However, in the most recent history, ABST shares have underperformed the stock market with its stock returning -22.6% in the last 3 month period and -6.4% for the last 2 week period, while SPY has returned +3.8% and +3.0%, respectively.

What is the support and resistance for Absolute Software (ABST) stock price?

ABST support price is $7.36 and resistance is $7.74 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ABST stock will trade within this expected range on the day.