How to buy Reckon shares | A$0.77
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Reckon Limited is a software—application business based in Australia. Reckon shares (RKN) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.77 – a decrease of 3.75% over the previous week. Reckon has a trailing 12-month revenue of around $76 million.
How to buy shares in Reckon
- 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.
- 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.
- Search for Reckon . Find the share by name or ticker symbol: RKN. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Reckon reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $0.77, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Reckon . 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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How has coronavirus impacted Reckon 's share price?
Since the stock market crash in March caused by coronavirus, Reckon 's share price has had significant positive movement.
Its last market close was $0.77, which is 7.79% up on its pre-crash value of $0.71 and 94.94% up on the lowest point reached during the March crash when the shares fell as low as $0.395.
If you had bought $1,000 worth of Reckon shares at the start of February 2020, those shares would have been worth $676.47 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 $1,132.35.
Reckon share priceUse our graph to track the performance of RKN stocks over time.
Reckon shares at a glance
|Latest market close||AUDA$0.77|
|52-week range||AUDA$0.395 - AUDA$0.9|
|50-day moving average||AUDA$0.8331|
|200-day moving average||AUDA$0.704|
|Dividend yield||AUDA$0.05 (6.1%)|
|Earnings per share (TTM)||AUDA$0.071|
Standard brokerage - Australian shares
Share Trading Account Offer
Competitive broker fees on Australian and international shares
- Brokerage - AU shares: From AUD 5 or 0.05%
- Brokerage - US shares: USD 0
- Sign-up process: Instant
- Support - After hours: Yes
Important: Share trading carries risk of capital loss.
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Is it a good time to buy Reckon 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.
Reckon price performance over time
|1 week (2020-10-16)||-3.75%|
|1 month (2020-09-25)||-8.88%|
|3 months (2020-07-24)||7.69%|
|6 months (2020-04-24)||28.33%|
|1 year (2019-10-25)||5.48%|
|2 years (2018-10-25)||9.22%|
|3 years (2017-10-25)||-38.89%|
|5 years (2015-10-23)||-61.88%|
Is Reckon under- or over-valued?
Valuing Reckon stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Reckon 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Reckon 's P/E ratio
Reckon 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 12x. In other words, Reckon shares trade at around 12x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Reckon 's EBITDA
Reckon 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $13.2 million.
The EBITDA is a measure of a Reckon 's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$76 million|
|Operating margin TTM||15.42%|
|Gross profit TTM||$42.3 million|
|Return on assets TTM||8.39%|
|Return on equity TTM||36.06%|
|Market capitalisation||$84.2 million|
TTM: trailing 12 months
Reckon share dividends
Dividend payout ratio: 71.43% of net profits
Recently Reckon has paid out, on average, around 71.43% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 6.1% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Reckon shareholders could enjoy a 6.1% return on their shares, in the form of dividend payments. In Reckon 's case, that would currently equate to about A$0.05 per share.
Reckon 's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 24 August 2020 (the "ex-dividend date").
Reckon share price volatility
Over the last 12 months, Reckon 's shares have ranged in value from as little as $0.395 up to $0.9. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Reckon 's is 1.2057. This would suggest that Reckon 's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Reckon Limited provides software solutions in Australia, the United States, and internationally. It operates through Business Group; Practice Management Group, Accountants; and Practice Management Group, Legal segments. The Business Group segment develops, distributes, and supports business accounting and personal financial software, as well as related products and services under the Reckon Accounts and Reckon One names; and Reckon Cloud point of sale solution. The Practice Management Group, Accountants segment develops, distributes, and supports practice management, tax, client accounting, and related software under the APS brand, as well as the Reckon Docs and Reckon Elite products. The Practice Management Group, Legal segment develops, distributes, and supports cost recovery, cost management, scan, and related software under the nQueueBillback brand primarily to the legal market. In addition, it offers Reckon Searches to order and manage property, company, land, business, bankruptcy, and PPSR searches; Reckon Shelco for company registration; Reckon Virtual Cabinet to organize documents and communicate with customers online; and Reckon SmartVault for online document management of Reckon Accounts, as well as payroll software, business loans, and template trust deeds. The company serves small and medium, and larger businesses; and accountants, bookkeepers, and lawyers. Reckon Limited was founded in 1987 and is headquartered in North Sydney, Australia.
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