(ASUR) Asure Software - Ratings and Ratios

Asure Software, Inc. (NASDAQ:ASUR) provides cloud-based Human Capital Management (HCM) solutions tailored for small and medium-sized businesses (SMBs) in the United States. Their SaaS platform offers a comprehensive suite of tools designed to enhance productivity, ensure compliance, and optimize resource allocation. Asures solutions include payroll and tax management, which simplify complex regulations, and HR compliance services that offer strategic support and outsourcing options. Additionally, their Time and Attendance module and AsureMarketplace facilitate efficient labor management and third-party integrations. Founded in 1985, the company is headquartered in Austin, Texas.

Asures services are crucial for SMBs, which often lack the resources to manage HR complexities in-house. Their Tax Management Solutions are particularly relevant, addressing needs like bulk filing and Employee Retention Tax Credit (ERC) processing, which have become significant due to recent tax law changes and COVID-19 relief measures.

3-Month Forecast: - Technical Outlook: ASURs stock is currently below its 20 and 50-day moving averages (SMA20: 11.45, SMA50: 11.04), indicating potential short-term selling pressure. However, it is above the SMA200 (9.32), which may provide support. The low Average True Range (ATR: 0.45) suggests reduced volatility, possibly indicating a consolidation phase. - Fundamental Outlook: With a negative Return on Equity (RoE: -6.10%), ASUR currently isnt profitable. However, the forward P/E ratio (12.66) signals market expectations for future earnings growth. The Price-to-Sales ratio (2.44) is elevated, suggesting the stock may be pricey relative to its revenue. The companys moderate market cap ($280.67M) and Price-to-Book ratio (1.50) align with industry standards. - Overall Forecast: The stock may face short-term headwinds due to its position below key moving averages. However, if ASUR demonstrates earnings improvements, the forward P/E could justify upside potential. Investors may remain cautious due to the negative RoE, leading to a neutral to slightly bearish outlook over the next three months.