Assertio Holdings Inc (NASDAQ: ASRT)’s stock price has plunge by -3.33relation to previous closing price of 0.78. Nevertheless, the company has seen a -14.54% plunge in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-01 that LAKE FOREST, Ill., April 01, 2024 (GLOBE NEWSWIRE) — Assertio Holdings, Inc. (“Assertio” or the “Company”) (Nasdaq: ASRT), a pharmaceutical company with comprehensive commercial capabilities offering differentiated products to patients, today announced that Ajay Patel, Chief Financial Officer, will present at the LD Micro Invitational XIV Conference to be held April 9, 2024 in New York City.
Is It Worth Investing in Assertio Holdings Inc (NASDAQ: ASRT) Right Now?
Company’s 36-month beta value is 1.04.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ASRT is 89.37M, and currently, short sellers hold a 11.61% ratio of that floaft. The average trading volume of ASRT on April 19, 2024 was 922.09K shares.
ASRT’s Market Performance
ASRT stock saw a decrease of -14.54% in the past week, with a monthly decline of -25.35% and a quarterly a decrease of -7.86%. The volatility ratio for the week is 6.46%, and the volatility levels for the last 30 days are 6.21% for Assertio Holdings Inc (ASRT). The simple moving average for the past 20 days is -19.22% for ASRT’s stock, with a -63.76% simple moving average for the past 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 -16.90% 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 -90.59% of loss for the given period.
Volatility was left at 6.21%, however, over the last 30 days, the volatility rate increased by 6.46%, as shares sank -27.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.45% lower at present.
During the last 5 trading sessions, ASRT fell by -14.54%, which changed the moving average for the period of 200-days by -86.39% in comparison to the 20-day moving average, which settled at $0.9191. In addition, Assertio Holdings Inc saw -29.53% 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 Tyree James L, who sale 10,251 shares at the price of $1.12 back on Mar 14 ’24. After this action, Tyree James L now owns 188,251 shares of Assertio Holdings Inc, valued at $11,463 using the latest closing price.
Peisert Daniel A., the President & CEO of Assertio Holdings Inc, sale 31,121 shares at $2.97 during a trade that took place back on Sep 12 ’23, which means that Peisert Daniel A. is holding 324,939 shares at $92,432 based on the most recent closing price.
Stock Fundamentals for ASRT
Current profitability levels for the company are sitting at:
- -1.36 for the present operating margin
- 0.79 for the gross margin
The net margin for Assertio Holdings Inc stands at -2.18. The total capital return value is set at -1.07. Equity return is now at value -182.52, with -94.80 for asset returns.
Based on Assertio Holdings Inc (ASRT), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 1.26. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is -61.35.
Currently, EBITDA for the company is 53.17 million with net debt to EBITDA at -0.7. When we switch over and look at the enterprise to sales, we see a ratio of 0.26. The receivables turnover for the company is 3.19for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.83.
Conclusion
In a nutshell, Assertio Holdings Inc (ASRT) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
