How to buy ReadyTech Holdings shares | A$2.1

ReadyTech Holdings Limited is a software—application business based in Australia. ReadyTech Holdings shares (RDY) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $2.1 – an increase of 3.45% over the previous week. ReadyTech Holdings has a trailing 12-month revenue of around $39.3 million.

How to buy shares in ReadyTech Holdings

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for ReadyTech Holdings . Find the share by name or ticker symbol: RDY. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until ReadyTech Holdings reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $2.1, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of ReadyTech Holdings . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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For our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.

How has coronavirus impacted ReadyTech Holdings 's share price?

Since the stock market crash in March caused by coronavirus, ReadyTech Holdings 's share price has had significant negative movement.

Its last market close was $2.1, which is 2.78% down on its pre-crash value of $2.16 and 110.00% up on the lowest point reached during the March crash when the shares fell as low as $1.

If you had bought $1,000 worth of ReadyTech Holdings shares at the start of February 2020, those shares would have been worth $511.63 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $976.75.

ReadyTech Holdings share price

Use our graph to track the performance of RDY stocks over time.

ReadyTech Holdings shares at a glance

• Key figures

Information last updated 2020-10-21.

Latest market close	AUDA$2.1
52-week range	AUDA$0.96 - AUDA$2.29
50-day moving average	AUDA$1.9214
200-day moving average	AUDA$1.5719
Target price	N/A
PE ratio	40.0609
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$0.049

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy ReadyTech Holdings stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of ReadyTech Holdings Limited by TradingView

ReadyTech Holdings price performance over time

Historical closes compared with the close of A$2.1 on 2020-10-22

1 week (2020-10-15)	0.96%
1 month (2020-09-23)	15.38%
3 months (2020-07-22)	52.17%
6 months (2020-04-22)	55.56%

1 year (2019-10-22)	8.81%
2 years (2018-10-19)	N/A
3 years (2017-10-19)	N/A
5 years (2015-10-19)	N/A

Is ReadyTech Holdings under- or over-valued?

Valuing ReadyTech Holdings stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of ReadyTech Holdings 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

ReadyTech Holdings 's P/E ratio

ReadyTech Holdings 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 40x. In other words, ReadyTech Holdings shares trade at around 40x recent earnings.

That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

ReadyTech Holdings 's EBITDA

ReadyTech Holdings 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $7.8 million.

The EBITDA is a measure of a ReadyTech Holdings 's overall financial performance and is widely used to measure a its profitability.

ReadyTech Holdings financials

Revenue TTM	$39.3 million
Operating margin TTM	14.21%
Gross profit TTM	$19.1 million
Return on assets TTM	4.48%
Return on equity TTM	12.66%
Profit margin	10.05%
Book value	0.413
Market capitalisation	$164.8 million

TTM: trailing 12 months

ReadyTech Holdings share dividends

We're not expecting ReadyTech Holdings to pay a dividend over the next 12 months.

ReadyTech Holdings overview

ReadyTech Holdings Limited provides mission-critical people management software for educators, employers, and facilitators of career transitions in Australia. It operates in two segments, Education and Employment. The Education segment offers cloud-based student management systems for education and training providers to manage the student lifecycle, including student enrolment and course completion. This segment also provides platforms to help state governments to manage vocational education and training programs; software platforms for the pathways and back-to-work sector to manage apprentices and job seekers; and a competency assessment and skills profiling tools to track on-the-job training through a qualification. The Employment segment offers payroll software, outsourced payroll services, and human resource management software solutions to employers to assist them with payroll and the management of their employees, including human resource administration services, such as employee records, workplace health and safety, and organizational structure. ReadyTech Holdings Limited was founded in 1998 and is headquartered in Pyrmont, Australia.

Frequently asked questions

• What percentage of ReadyTech Holdings is owned by insiders or institutions?

  Currently 12.221% of ReadyTech Holdings shares are held by insiders and 34.448% by institutions.

• When does the fiscal year end for ReadyTech Holdings ?

  ReadyTech Holdings 's fiscal year ends in June.

• Where is ReadyTech Holdings based?

  ReadyTech Holdings 's address is: 35 Saunders Street, Pyrmont, NSW, Australia, 2009