Assertio Holdings Inc. (NASDAQ: ASRT) has a higher price-to-earnings ratio of 1.84x compared to its average ratio,, and the 36-month beta value for ASRT is at 1.39. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price suggested by analysts for ASRT is $6.75, which is $4.1 above the current market price. The public float for ASRT is 88.02M, and currently, shorts hold a 10.57% of that float. The average trading volume for ASRT on September 19, 2023 was 2.38M shares.
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ASRT) stock’s latest price update
The stock price of Assertio Holdings Inc. (NASDAQ: ASRT) has plunged by -3.81 when compared to previous closing price of 2.76, but the company has seen a -13.11% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-08-23 that Investors need to pay close attention to Assertio (ASRT) stock based on the movements in the options market lately.
ASRT’s Market Performance
Assertio Holdings Inc. (ASRT) has experienced a -13.11% fall in stock performance for the past week, with a -15.34% drop in the past month, and a -55.69% drop in the past quarter. The volatility ratio for the week is 6.12%, and the volatility levels for the past 30 days are at 4.76% for ASRT. The simple moving average for the last 20 days is -17.03% for ASRT stock, with a simple moving average of -46.91% 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 07, 2022 of the previous year 2022.
ASRT Trading at -34.78% 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 -66.92% of loss for the given period.
Volatility was left at 4.76%, however, over the last 30 days, the volatility rate increased by 6.12%, as shares sank -19.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -49.62% lower at present.
During the last 5 trading sessions, ASRT fell by -13.11%, which changed the moving average for the period of 200-days by -9.86% in comparison to the 20-day moving average, which settled at $3.16. In addition, Assertio Holdings Inc. saw -38.37% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ASRT starting from Peisert Daniel A., who sale 31,121 shares at the price of $2.97 back on Sep 12. After this action, Peisert Daniel A. now owns 324,939 shares of Assertio Holdings Inc., valued at $92,432 using the latest closing price.
Peisert Daniel A., the President & CEO of Assertio Holdings Inc., sale 127,281 shares at $3.04 during a trade that took place back on Sep 11, which means that Peisert Daniel A. is holding 356,060 shares at $386,972 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. The total capital return value is set at 24.65, while invested capital returns managed to touch 48.05. Equity return is now at value 45.20, with 25.10 for asset returns.
Based on Assertio Holdings Inc. (ASRT), the company’s capital structure generated 29.80 points at debt to equity in total, while total debt to capital is 22.96. Total debt to assets is 16.25, with long-term debt to equity ratio resting at 29.42. Finally, the long-term debt to capital ratio is 22.66.
When we switch over and look at the enterprise to sales, we see a ratio of 1.54, with the company’s debt to enterprise value settled at 0.28. The receivables turnover for the company is 3.48 and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.39.
Conclusion
In conclusion, Assertio Holdings Inc. (ASRT) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
