Hey there,
ABST is a solid company but I'm not the biggest fan of its stock. Mainly because it trades at pretty high valuations (Despite the recent drop) and it is only expected to grow the top line in the low teens next year. While valuations are much improved from where they were early this year thanks to its recent downtrend, it still isn't cheap. Paying 23 times forward earnings for a company growing at this pace is ok - I'd consider it fairly valued at these prices.
It is actually performing well against estimates which is a good thing because it had a spotty history before. It has now beat on the top and bottom line in three straight quarters after that big miss to close out last year. Since i consider it fairly valued here, investors can probably expect it to grow inline with growth estimates - which is low to mid-teens. Not too bad but also not the explosive growth investors saw between October ('20) and February ('21) when it ran up by 50%. That was completely over done and not surprised to see it come down to earth. It is now up 9% over the past year and has actually lost 1.32% of its value in 2021.
Good company - nothing wrong with it. Just don't compare it to a high-flying tech stock such as SHOP or LSPD. This is a stable tech company that should provide decent returns if it can match growth expectations.
Mat