ASRT has 36-month beta value of 0.90. Analysts have mixed views 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 89.49M, and currently, short sellers hold a 12.02% ratio of that float. The average trading volume of ASRT on May 02, 2024 was 964.26K shares.
ASRT) stock’s latest price update
Assertio Holdings Inc (NASDAQ: ASRT)’s stock price has plunge by 8.00relation to previous closing price of 0.92. Nevertheless, the company has seen a 26.72% surge in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-25 that LAKE FOREST, Ill., April 25, 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 it will release first quarter 2024 financial results on Monday, May 6, 2024, after the market close. Following the release of its financial results, Assertio’s management will host a live webcast of the earnings conference call at 4:30 p.m. Eastern Time.
ASRT’s Market Performance
Assertio Holdings Inc (ASRT) has experienced a 26.72% rise in stock performance for the past week, with a 7.64% rise in the past month, and a 20.71% rise in the past quarter. The volatility ratio for the week is 10.48%, and the volatility levels for the past 30 days are at 7.31% for ASRT. The simple moving average for the last 20 days is 15.86% for ASRT stock, with a simple moving average of -46.50% 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 9.04% 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 -87.58% of loss for the given period.
Volatility was left at 7.31%, however, over the last 30 days, the volatility rate increased by 10.48%, as shares surge +8.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.34% upper at present.
During the last 5 trading sessions, ASRT rose by +28.01%, which changed the moving average for the period of 200-days by -80.86% in comparison to the 20-day moving average, which settled at $0.8628. In addition, Assertio Holdings Inc saw -7.02% 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 0.41. 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
To put it simply, Assertio Holdings Inc (ASRT) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
