The stock of Assertio Holdings Inc. (ASRT) has seen a -6.31% decrease in the past week, with a 23.08% gain in the past month, and a 58.78% flourish in the past quarter. The volatility ratio for the week is 11.15%, and the volatility levels for the past 30 days are at 8.28% for ASRT. The simple moving average for the last 20 days is 11.32% for ASRT stock, with a simple moving average of 82.40% for the last 200 days.
Is It Worth Investing in Assertio Holdings Inc. (NASDAQ: ASRT) Right Now?
The price-to-earnings ratio for Assertio Holdings Inc. (NASDAQ: ASRT) is above average at 11.64x. The 36-month beta value for ASRT is also noteworthy at 1.36.
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The public float for ASRT is 40.15M, and at present, short sellers hold a 13.36% of that float. The average trading volume of ASRT on March 17, 2023 was 1.83M shares.
ASRT) stock’s latest price update
Assertio Holdings Inc. (NASDAQ: ASRT)’s stock price has increased by 9.86 compared to its previous closing price of 5.68. Despite this, the company has seen a fall of -6.31% in its stock price over the last five trading days. The Wall Street Journal reported on 05/17/21 that Discovery, AT&T, Tesla, Palantir: What to Watch When the Stock Market Opens Today
Analysts’ Opinion of ASRT
The stock of Assertio Holdings Inc. (ASRT) has seen a -6.31% decrease in the past week, with a 23.08% gain in the past month, and a 58.78% flourish in the past quarter. The volatility ratio for the week is 11.15%, and the volatility levels for the past 30 days are at 8.28% for ASRT. The simple moving average for the last 20 days is 11.32% for ASRT stock, with a simple moving average of 82.40% for the last 200 days.
Analysts’ Opinion of ASRT
Many brokerage firms have already submitted their reports for ASRT stocks, with Lake Street repeating the rating for ASRT by listing it as a “Buy.” The predicted price for ASRT in the upcoming period, according to Lake Street is $7 based on the research report published on November 07th of the previous year 2022.
ASRT Trading at 30.67% from the 50-Day Moving Average
After a stumble in the market that brought ASRT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.86% of loss for the given period.
Volatility was left at 8.28%, however, over the last 30 days, the volatility rate increased by 11.15%, as shares surge +22.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +49.64% upper at present.
During the last 5 trading sessions, ASRT fell by -6.31%, which changed the moving average for the period of 200-days by +100.64% in comparison to the 20-day moving average, which settled at $5.66. In addition, Assertio Holdings Inc. saw 45.12% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ASRT starting from Tyree James L, who sale 44,643 shares at the price of $2.36 back on May 12. After this action, Tyree James L now owns 210,451 shares of Assertio Holdings Inc., valued at $105,170 using the latest closing price.
MCKEE WILLIAM, the Director of Assertio Holdings Inc., sale 22,322 shares at $2.35 during a trade that took place back on May 12, which means that MCKEE WILLIAM is holding 229,586 shares at $52,488 based on the most recent closing price.
Stock Fundamentals for ASRT
Current profitability levels for the company are sitting at:
- +37.18 for the present operating margin
- +67.13 for the gross margin
The net margin for Assertio Holdings Inc. stands at +70.17. Equity return is now at value 21.50, with 7.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.39.
Conclusion
In summary, Assertio Holdings Inc. (ASRT) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
