Assertio Holdings Inc. (ASRT) Price Targets: What Do They Mean?


As of Wednesday close, Assertio Holdings Inc.’s (NASDAQ:ASRT) stock was down -$0.02, moving down -0.68 percent to $2.91. The average number of shares traded per day over the past five days has been 382,420 shares. 4 times new highs have been achieved over the past 5 days, with a $0.10 gain in that time frame. In the last twenty days, the average volume was 831,520, while in the previous 50 days, it was 675,514.

Since last month, ASRT stock rose 18.29%. Shares of the company fell to $2.25 on 10/24/22, the lowest level in the past month. A 52-week high of $4.44 was reached on 08/08/22 after having rallying from a 52-week low of $1.19. Since the beginning of this year, ASRT’s stock price has risen by 33.49% or $0.73, and marked a new high 11 times. However, the stock has declined by -34.46% since its 52-week high.

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ASRT stock investors should be aware that Assertio Holdings Inc. (ASRT) stock had its last reported insider trading activity 196 days ago on May 12. Tyree James L, the Director of the company, disposed of 44,643 shares for $2.36 on May 12. It resulted in a $105,170 divestment by the insider. MCKEE WILLIAM sold 22,322 shares at an average price of $2.35 on May 12. The insider now owns 229,586 shares following the transaction. On Apr 11, President and CEO Peisert Daniel A. sold 26,391 shares at $3.50 apiece. The transaction was valued at $92,368.

Valuation Metrics

Right now, Assertio Holdings Inc. (ASRT) has a P/E ratio of about 5.33. The stock’s beta is 1.62. Besides these, the trailing price-to-sales (P/S) ratio of 1.08, the price-to-book (PB) ratio of 1.04, and the price-to-cash flow ratio of 2.52 may also be considered.

Financial Health

In the three months ended September 29, Assertio Holdings Inc.’s quick ratio stood at 1.20, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.49, and the total debt-to-equity ratio was 0.51. On the profitability front, the trailing twelve-month gross margin is 87.80% percent. In the year ended September 29, operating margins totaled 28.10%. Based on annual data, ASRT earned $95.18 million in gross profit and brought in $111.01 million in revenue.

In Assertio Holdings Inc.’s quarter-end financial report for September 29, it reported total debt of $65.98 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ASRT’s revenue rose 25.55% to $35.13 million during the quarter, while net income inched up to $34.21 million. While analysts expected Assertio Holdings Inc. to report $0.06 quarterly earnings, the actual figure was $0.08 per share, beating the consensus estimate by 33.30%. During the quarter, the company generated $14.68 million in EBITDA. The liabilities of Assertio Holdings Inc. were 188.43 million at the end of its most recent quarter ended September 29, and its total debt was $68.94 million. The value of shareholders’ equity is $48.29 million.

Technical Picture

This quick technical analysis looks at Assertio Holdings Inc.’s (ASRT) price momentum. With a historical volatility rate of 52.18%, the RSI 9-day stood at 64.31% on 23 November.

With respect to its five-day moving average, the current Assertio Holdings Inc. price is up by +3.56% percent or $0.10. At present, ASRT shares trade +18.78% above its 20-day simple moving average and -11.01% percent below its 100-day simple moving average. However, the stock is currently trading approximately +14.12% above its SMA50 and +10.23% above its SMA200.

Stochastic coefficient K was 72.34% and Stochastic coefficient D was 65.01%, while ATR was 0.13. Given the Stochastic reading of 76.60% for the 14-day period, the RSI (14) reading has been calculated as 63.06%. As of today, the MACD Oscillator reading stands at 0.02, while the 14-day reading stands at 0.08.

Analyst Ratings

Lake Street launched its rating on Assertio Holdings Inc. (NASDAQ: ASRT) to a Buy in a note to investors on November 07, 2022. Assertio Holdings Inc. (ASRT) has been rated Buy by analysts. According to 0 brokerage firms, ASRT is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Assertio Holdings Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $6.38, the current consensus forecast for the stock is $6.00 – $7.00. Based on these forecasts, analysts predict Assertio Holdings Inc. (ASRT) will achieve an average price target of $6.44.


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