Asure Software stock trades under the ticker ASUR & has shown recent bullishness that traders & investors should take note of.
ASUR stock closed at $6.74/share on 4/5/2022.
Asure Software ASUR Stock’s Technicals Broken Down
ASUR Stock Price: $6.74
10 Day Moving Average: $6.13
50 Day Moving Average: $6.80
200 Day Moving Average: $8.17
RSI: 56.3
MACD: -.201
Yesterday, ASUR stock completed a bullish MACD crossover, while gapping up 8.53%.
In the process, they broke above their 10 day moving average, closing just beneath their 50 day moving average.
With an RSI that is still relatively neutral, and greater than average trading volume compared to the year prior, there looks to be more momentum to be pushing their share price higher in the near-term.
They need to break out above the $7.15, $7.18 & $7.27/share resistance levels.
Asure Software ASUR Stock As A Long-Term Investment
Long-term oriented investors will like ASUR stock’s valuation metrics, with a P/E (ttm) of 38.81 & a P/B (mrq) of 0.79.
They recently reported 28.5% Quarterly Revenue Growth Y-o-Y.
ASUR stock’s balance sheet warrants a closer examination, with Total Cash (mrq) of $13.43M & $41.3M in Total Debt (mrq).
Despite not offering a dividend yield, 67% of ASUR stock’s outstanding share float is held by institutional investors.
Asure Software ASUR Stock As A Short-Term Trade Using Options
Short-term focused traders can trade options to profit from movements in ASUR stock.
I am looking at the contracts with the 4/14 expiration date.
The $5 & $7.50 calls look interesting, although very illiquid.
There are no puts that are close to being at the money at this time for the next three expiration dates.
Tying It All Together
Overall, traders & investors may want to take a closer look at ASUR stock.
Investors will like theri valuation metrics, but will be disappointed by their lack of a dividend yield.
Traders will like their current momentum, but will be disappointed by their lack of liquidity in their contracts.
ASUR stock is worth taking a closer look at, regardless of your trading style.
*** I DO NOT OWN SHARES OF ASUR STOCK ***