Asure Software Stock Could Gain Another 50%

Asure Software Has Plenty of Room to Rise

Asure Software Stock  In the past several weeks, I have highlighted several small cloud-based productivity stocks with excellent upside price

FOREX INVESTORS BUZZ  Asure Software Stock  In the past several weeks, I have highlighted several small cloud-based productivity stocks with excellent upside price appreciation potential for the aggressive trader. My research yielded another cloud play in Asure Software, Inc (NASDAQ:ASUR), with a current stock value of around $14.80 and a market cap of around $216.0 million.

The stock price is up a staggering 75% in 2017 and more than 200% year-over-year.

ASUR stock set a new record of $16.44 on June 7, which is an impressive 20-fold increase from $0.80 on March 13, 2009, when the current bull market started to take off. Yet, despite this big move in the Asure Software stock price, it may only be the beginning of a much bigger bull run for the stock.



Asure Software Stock

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asur stock chart

Chart courtesy of StockCharts.com

The chart of ASUR stock shows the presence of a bullish golden cross pattern, a technical situation in which the 50-day moving average is above the 200-day moving average. The formation is a pretty decent indicator of a higher stock price down the road.

Asure Software is intriguing because it actually makes software that is in high demand around the world. The company produces cloud-based workplace productivity and facilities management platform use to manage mobile workforce and workplace assets.

My Fundamental Bull Case for ASUR Stock

The direction of a stock is only as good as the supporting metrics. In the case of Asure Software, the company has managed to drive up sequential revenue growth in consecutive years beginning with almost $25.5 million in 2013 to $35.54 million in 2016.

The 32% growth in 2016 is well above the recent average, which is something you want to see in small growing companies.

For 2017, analysts’ average estimate is that revenues will ramp up to $53.58 million. Their average estimate is also that revenue will grow to $67.57 million in 2018. (“Asure Software, Inc. (ASUR),” Yahoo! Finance!, last accessed July 13, 2017)

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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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