Asure Software Inc (NASDAQ: ASUR) has experienced a decline in its stock price by -11.56 compared to its previous closing price of 7.96. However, the company has seen a fall of -3.16% in its stock price over the last five trading days. Benzinga reported 2024-04-03 that The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
Is It Worth Investing in Asure Software Inc (NASDAQ: ASUR) Right Now?
Additionally, the 36-month beta value for ASUR is 0.69. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ASUR is 23.32M and currently, short sellers hold a 2.77% ratio of that float. The average trading volume of ASUR on May 06, 2024 was 215.09K shares.
ASUR’s Market Performance
ASUR stock saw a decrease of -3.16% in the past week, with a monthly decline of -6.51% and a quarterly a decrease of -22.98%. The volatility ratio for the week is 5.34%, and the volatility levels for the last 30 days are 3.71% for Asure Software Inc (ASUR). The simple moving average for the past 20 days is -3.98% for ASUR’s stock, with a -24.85% simple moving average for the past 200 days.
Analysts’ Opinion of ASUR
Many brokerage firms have already submitted their reports for ASUR stocks, with Lake Street repeating the rating for ASUR by listing it as a “Hold.” The predicted price for ASUR in the upcoming period, according to Lake Street is $8 based on the research report published on November 14, 2023 of the previous year 2023.
Stifel, on the other hand, stated in their research note that they expect to see ASUR reach a price target of $15. The rating they have provided for ASUR stocks is “Buy” according to the report published on September 08th, 2023.
Northland Capital gave a rating of “Outperform” to ASUR, setting the target price at $19 in the report published on April 25th of the previous year.
ASUR Trading at -13.32% from the 50-Day Moving Average
After a stumble in the market that brought ASUR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.67% of loss for the given period.
Volatility was left at 3.71%, however, over the last 30 days, the volatility rate increased by 5.34%, as shares sank -6.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.53% lower at present.
During the last 5 trading sessions, ASUR fell by -3.16%, which changed the moving average for the period of 200-days by -50.35% in comparison to the 20-day moving average, which settled at $7.31. In addition, Asure Software Inc saw -26.05% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ASUR starting from Goepel Patrick, who purchase 3,000 shares at the price of $7.83 back on Dec 14 ’23. After this action, Goepel Patrick now owns 970,888 shares of Asure Software Inc, valued at $23,490 using the latest closing price.
Stock Fundamentals for ASUR
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.65 for the gross margin
The net margin for Asure Software Inc stands at -0.08. The total capital return value is set at -0.03. Equity return is now at value -5.69, with -2.17 for asset returns.
Based on Asure Software Inc (ASUR), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 1.56. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -2.49.
Currently, EBITDA for the company is 17.62 million with net debt to EBITDA at -0.81. When we switch over and look at the enterprise to sales, we see a ratio of 1.44. The receivables turnover for the company is 7.81for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
In conclusion, Asure Software Inc (ASUR) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
