ABST Price Prediction, Absolute Software Corp AI Recommendations

ABST's RSI Indicator recovers from oversold territory

The RSI Indicator for ABST moved out of oversold territory on March 23, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 21 similar instances when the indicator left oversold territory. In 19 of the 21 cases the stock moved higher. This puts the odds of a move higher at 90%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for ABST just turned positive on March 20, 2023. Looking at past instances where ABST's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ABST advanced for three days, in of 270 cases, the price rose further within the following month. The odds of a continued upward trend are .

ABST may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

ABST moved below its 50-day moving average on February 15, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for ABST crossed bearishly below the 50-day moving average on February 21, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

The 50-day moving average for ABST moved below the 200-day moving average on March 20, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ABST declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for ABST entered a downward trend on March 23, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. ABST’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: ABST's P/B Ratio (163.934) is slightly higher than the industry average of (18.850). P/E Ratio (144.928) is within average values for comparable stocks, (167.435). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (6.470). Dividend Yield (0.032) settles around the average of (0.035) among similar stocks. P/S Ratio (1.832) is also within normal values, averaging (87.519).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

ABST is expected to report earnings to fall 66.20% to 1 cents per share on May 08

Q1'23

Est.

$0.02

Q4'22

Beat

by $0.09

Q3'22

Missed

by $0.09

Q2'22

Missed

by $0.03

Q1'22

Missed

by $0.02

ABST paid dividends on November 29, 2021