The stock price of Assertio Holdings Inc (NASDAQ: ASRT) has plunged by -7.22 when compared to previous closing price of 1.01, but the company has seen a -9.02% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-11-08 that NEW YORK–(BUSINESS WIRE)–The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), a New York City-based investment fund manager that has now inverted its long equity position into that of a short interest in the publicly traded securities of Assertio Holdings, Inc. (“Assertio” or the “Company”) (NASDAQ: ASRT), today released an open letter to Assertio stockholders. “Today, BHG has sadly been forced to issue a letter to Assertio stockholders, in light of the bo.
Is It Worth Investing in Assertio Holdings Inc (NASDAQ: ASRT) Right Now?
The stock has a 36-month beta value of 0.83. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ASRT is 88.98M, and at present, short sellers hold a 6.96% of that float. On November 08, 2024, the average trading volume of ASRT was 508.01K shares.
ASRT’s Market Performance
ASRT stock saw a decrease of -9.02% in the past week, with a monthly decline of -13.23% and a quarterly a decrease of -12.42%. The volatility ratio for the week is 4.67%, and the volatility levels for the last 30 days are 4.45% for Assertio Holdings Inc (ASRT). The simple moving average for the last 20 days is -12.46% for ASRT stock, with a simple moving average of -14.12% for the last 200 days.
Analysts’ Opinion of ASRT
Many brokerage firms have already submitted their reports for ASRT stocks, with Maxim Group repeating the rating for ASRT by listing it as a “Buy.” The predicted price for ASRT in the upcoming period, according to Maxim Group is $3 based on the research report published on July 26, 2024 of the current year 2024.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see ASRT reach a price target of $4. The rating they have provided for ASRT stocks is “Buy” according to the report published on July 03rd, 2024.
Lake Street gave a rating of “Buy” to ASRT, setting the target price at $7 in the report published on November 07th of the previous year.
ASRT Trading at -18.36% 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 -58.72% of loss for the given period.
Volatility was left at 4.45%, however, over the last 30 days, the volatility rate increased by 4.67%, as shares sank -10.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.03% lower at present.
During the last 5 trading sessions, ASRT fell by -3.17%, which changed the moving average for the period of 200-days by +12.59% in comparison to the 20-day moving average, which settled at $1.0735. In addition, Assertio Holdings Inc saw -12.42% 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 Vacirca Jeff L, who purchase 10,000 shares at the price of $1.11 back on Jun 11 ’24. After this action, Vacirca Jeff L now owns 151,159 shares of Assertio Holdings Inc, valued at $11,100 using the latest closing price.
Mason Heather L, the Interim Executive Officer of Assertio Holdings Inc, purchase 25,000 shares at $0.97 during a trade that took place back on Jun 05 ’24, which means that Mason Heather L is holding 212,650 shares at $24,250 based on the most recent closing price.
Stock Fundamentals for ASRT
Current profitability levels for the company are sitting at:
- -1.81 for the present operating margin
- 0.59 for the gross margin
The net margin for Assertio Holdings Inc stands at -2.61. The total capital return value is set at -1.28. Equity return is now at value -178.62, with -100.82 for asset returns.
Based on Assertio Holdings Inc (ASRT), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.59. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is -85.41.
Currently, EBITDA for the company is 53.17 million with net debt to EBITDA at -0.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.65. The receivables turnover for the company is 3.31for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
To sum up, Assertio Holdings Inc (ASRT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
