Company’s 36-month beta value is 0.91.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 89.49M, and currently, short sellers hold a 12.02% ratio of that floaft. The average trading volume of ASRT on May 07, 2024 was 959.75K shares.
ASRT) stock’s latest price update
Assertio Holdings Inc (NASDAQ: ASRT)’s stock price has plunge by 18.45relation to previous closing price of 1.03. Nevertheless, the company has seen a 43.87% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-06 that Assertio Holdings, Inc. (NASDAQ:ASRT ) Q1 2024 Earnings Conference Call May 6, 2024 4:30 PM ET Company Participants Matthew Kreps – Darrow Associates, IR Heather Mason – Interim CEO Ajay Patel – CFO Paul Schwichtenberg – Chief Commercial Officer Conference Call Participants Jim Sidoti – Sidoti & Company Thomas Flaten – Lake Street Capital Markets Operator Good afternoon, and welcome to Assertio Holdings First Quarter 2024 Financial Results Call. [Operator Instructions] I would now like to turn the call over to Matt Kreps, Investor Relations for the company.
ASRT’s Market Performance
ASRT’s stock has risen by 43.87% in the past week, with a monthly rise of 28.72% and a quarterly rise of 54.78%. The volatility ratio for the week is 12.07% while the volatility levels for the last 30 days are 8.55% for Assertio Holdings Inc The simple moving average for the past 20 days is 40.69% for ASRT’s stock, with a -32.85% 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 32.42% 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 -84.77% of loss for the given period.
Volatility was left at 8.55%, however, over the last 30 days, the volatility rate increased by 12.07%, as shares surge +32.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +48.78% upper at present.
During the last 5 trading sessions, ASRT rose by +43.87%, which changed the moving average for the period of 200-days by -77.02% in comparison to the 20-day moving average, which settled at $0.8820. In addition, Assertio Holdings Inc saw 14.02% 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 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 0.55. 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 better 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.
