Assertio Holdings Inc. (NASDAQ:ASRT) saw a downside of -0.71% to $4.19 after subtracting -$0.03 on Wednesday. The 5-day average trading volume is 1,292,513 shares of the company’s common stock. It has gained $4.37 in the past week and touched a new high 4 times within the past 5 days. An average of 1,081,363 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 977,597.
ASRT’s 1-month performance is 9.90% or $0.17 on its low of $3.50 reached on 01/19/23. The company’s shares have touched a 52-week low of $1.86 and high of $4.44, with the stock’s rally to the 52-week high happening on 01/06/23. YTD, ASRT has lost -1.86% or -$0.05 and has reached a new high 2 times. However, the current price is down -5.63% from the 52-week high price.
ASRT stock investors last saw insider trading activity on May 12.Tyree James L (Director) most recently sold 44,643 shares at $2.36 per share on May 12. This transaction cost the insider $105,170. Director, MCKEE WILLIAM, sold 22,322 shares at a price of $2.35 on May 12. Then, on Apr 11, President and CEO Peisert Daniel A. sold 26,391 shares at a price of $3.50 per share. This transaction amounted to $92,368.
ASRT stock has a beta of 1.49. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.36 while the price-to-book (PB) in the most recent quarter is 1.51, with the price to cash flow ratio at 3.38.
Assertio Holdings Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.49, while the total debt to equity was 0.51. In terms of profitability, the gross margin trailing 12 months is 87.80%. The firm’s gross profit as reported stood at $95.18 million against revenue of $111.01 million.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 10.31% to $4.17 million, while revenue of $7.83 million was -87.77% off the previous quarter. Analysts expected ASRT to announce $0.08 per share in earnings in its latest quarter, but it posted $0.16, representing a 100.00% surprise. EBITDA for the quarter stood at more than $14.68 million. ASRT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 188.43 million, with total debt at $68.94 million. Shareholders hold equity totaling $48.29 million.
Let’s look briefly at Assertio Holdings Inc. (ASRT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 59.42% to suggest the stock is trending Neutral, with historical volatility in this time period at 82.71%.
The stock’s 5-day moving average is $4.05, reflecting a +20.06% or $0.71 change from its current price. ASRT is currently trading +4.17% above its 20-day SMA, +66.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +51.79% and SMA200 by+27.63%.
Stochastic %K and %D was 71.99% and 60.52% and the average true range (ATR) pointed at 0.26. The RSI (14) points at 58.64%, while the 14-day stochastic is at 79.79% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at 0.17 and 0.09 on the 14-day charts.
In the most recent analyst report for Assertio Holdings Inc. (NASDAQ: ASRT), Lake Street launched coverage with a Buy rating. Analysts offering their rating for ASRT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ASRT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is ASRT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.00 and a high of $8.00, with their median price target at $7.38. Looking at these predictions, the average price target given by analysts is for Assertio Holdings Inc. (ASRT) stock is $7.19.