Assertio Holdings Inc. (NASDAQ:ASRT) saw an upside of 18.21% to close Monday at $3.44 after adding $0.53 on the day. The 5-day average trading volume is 8,281,000 shares of the company’s common stock. It has gained $5.66 in the past week and touched a new high 1 time within the past 5 days. An average of 3,272,835 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,295,414.
ASRT’s 1-month performance is -34.60% or -$1.82 on its low of $2.87 reached on 08/04/23. The company’s shares have touched a 52-week low of $2.07 and high of $8.01, with the stock’s rally to the 52-week high happening on 05/11/23. YTD, ASRT has lost -20.00% or -$0.86 and has reached a new high 19 times. However, the current price is down -57.05% from the 52-week high price.
Insider Transactions
ASRT stock investors last saw insider trading activity on May 19.Mason Heather L (Director) most recently sold 89,286 shares at $7.30 per share on May 19. This transaction cost the insider $652,011. Director, Tyree James L, sold 43,143 shares at a price of $6.00 on May 05.
Valuation Metrics
ASRT stock has a beta of 1.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.63 while the price-to-book (PB) in the most recent quarter is 0.70, with the price to cash flow ratio at 9.36.
Assertio Holdings Inc.’s quick ratio for the recent period was 1.30, with the current ratio over the same period at 1.50. In terms of profitability, the gross margin trailing 12 months is 88.00%. The trailing 12-month EBITDA margin is 58.57%. The firm’s gross profit as reported stood at $137.49 million against revenue of $156.23 million.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 360.34% to -$3.48 million, while revenue of $88.55 million was 2644.54% off the previous quarter. EBITDA for the quarter stood at more than $11.28 million. ASRT stock balance sheet for the recent quarter shows that total liabilities totaled 163.61 million, with total debt at $38.25 million. Shareholders hold equity totaling $55.66 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 07 August was 25.95% to suggest the stock is trending oversold, with historical volatility in this time period at 324.15%.
The stock’s 5-day moving average is $4.50, reflecting a -39.54% or -$2.25 change from its current price. ASRT is currently trading -35.82% above its 20-day SMA, -41.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -47.64% and SMA200 by+57.08%.
Stochastic %K and %D was 17.67% and 28.09% and the average true range (ATR) pointed at 0.51. The RSI (14) points at 28.25%, while the 14-day stochastic is at 19.73% with the period’s ATR at 0.42. The stock’s 9-day MACD Oscillator is pointing at -1.07 and -1.23 on the 14-day charts.
Analyst Ratings
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 $7.00, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for Assertio Holdings Inc. (ASRT) stock is $6.75.
