A new trading day began on November 20, 2023, with Asure Software Inc (NASDAQ: ASUR) stock priced at $7.20, up 8.54% from the previous day of trading. During the day, the shares moved up to $7.86 and dropped to $7.18 before settling in for the closing price of $7.14. ASUR’s price has ranged from $6.30 to $17.14 over the past 52 weeks.
Technology Sector giant saw their annual sales surged by 12.70% over the last five years. Meanwhile, its annual earnings per share averaged 303.33%. With a float of $22.79 million, this company’s outstanding shares have now reached $24.85 million.
The firm has a total of 501 workers. Let’s measure their productivity. In terms of profitability, gross margin is +51.16, operating margin of -11.80, and the pretax margin is -14.98.
Asure Software Inc (ASUR) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Asure Software Inc is 8.31%, while institutional ownership is 66.58%. The most recent insider transaction that took place on Mar 17, was worth 273,880. In this transaction Chief Revenue Officer of this company sold 20,000 shares at a rate of $13.69, taking the stock ownership to the 81,617 shares. Before that another transaction happened on Mar 14, when Company’s Director sold 4,144 for $13.71, making the entire transaction worth $56,808. This insider now owns 29,783 shares in total.
Asure Software Inc (ASUR) Recent Fiscal highlights
In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.19 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -15.10 while generating a return on equity of -9.54. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.22 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 303.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 31.00% during the next five years compared to -6.48% drop over the previous five years of trading.
Asure Software Inc (NASDAQ: ASUR) Trading Performance Indicators
Here are Asure Software Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.16. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.58. Likewise, its price to free cash flow for the trailing twelve months is 17.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.32, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.59 in one year’s time.
Technical Analysis of Asure Software Inc (ASUR)
Analysing the last 5-days average volume posted by the [Asure Software Inc, ASUR], we can find that recorded value of 0.8 million was better than the volume posted last year of 0.29 million. As of the previous 9 days, the stock’s Stochastic %D was 45.93%. Additionally, its Average True Range was 0.52.
During the past 100 days, Asure Software Inc’s (ASUR) raw stochastic average was set at 15.65%, which indicates a significant decrease from 57.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 105.20% in the past 14 days, which was higher than the 70.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.74, while its 200-day Moving Average is $11.96. Now, the first resistance to watch is $8.01. This is followed by the second major resistance level at $8.28. The third major resistance level sits at $8.69. If the price goes on to break the first support level at $7.33, it is likely to go to the next support level at $6.92. Now, if the price goes above the second support level, the third support stands at $6.65.
Asure Software Inc (NASDAQ: ASUR) Key Stats
With a market capitalization of 192.59 million, the company has a total of 24,851K Shares Outstanding. Currently, annual sales are 95,830 K while annual income is -14,470 K. The company’s previous quarter sales were 30,420 K while its latest quarter income was -3,770 K.