The stock of Assertio Holdings Inc. (NASDAQ:ASRT) increased by $0.1 on Tuesday to $3.27, up 3.21 percent. The last five days have seen an average of 1,805,935 shares of common stock traded. 19 times new highs were reached in the current year, with a fall of -$1.06. The average number of shares traded over the last 20 days was 3,600,344, while the average volume over the last 50 days totaled 2,394,948.
ASRT stock dropped -38.62% since last month. On 08/04/23, the company’s shares reached a one-month low of $2.87. The stock touched a high of $8.01 on 05/11/23, after rallying from a low of $2.07 in 52 weeks. The price of ASRT stock has declined by -23.92% or -$1.06 this year, reaching a new high 19 times. Still, the stock price is down -59.16% from the 52-week high.
Insider Transactions
ASRT stock investors should be aware that Assertio Holdings Inc. (ASRT) stock had its last reported insider trading activity 88 days ago on May 19. On May 19, Director Mason Heather L sold 89,286 shares at $7.30 each. This transaction resulted in the insider making $652,011. On May 05, Tyree James L sold 43,143 shares at a price of US$6.00. After the transaction, the insider now owns 167,308 shares.
Valuation Metrics
Assertio Holdings Inc. (ASRT) has a trailing price-to-earnings (P/E) ratio of 2.20. Beta for the stock is 1.39. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.78, the price-to-book (PB) ratio of 0.67, and the price-to-cash flow ratio of 4.58.
Financial Health
For the three months ended June 29, Assertio Holdings Inc.’s quick ratio was 1.30, while its current ratio was 1.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.15, and the total debt to equity ratio is 0.15. As far as profitability goes, gross margin for the trailing twelve months is 88.00% percent. Assertio Holdings Inc.’s EBITDA margin for the year ended June 29 was 58.57%, whereas its operating margin stood at 24.30% for the same period. Based on annual data, it had gross profit of $137.49 million and revenue of $156.23 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ASRT’s return on assets (ROA) during the last 12 months has been 29.80%. There was a 40.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 59.30%.
Earnings Surprise
According to Assertio Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $40.99 million, while revenues rose by 14.3% to $42.47 million. It was predicted that Assertio Holdings Inc.’s quarterly earnings would be $0.13, but it ended up being $0.14, beating the consensus by -7.10%. EBITDA was $19.0 million for the quarter. At the end of Assertio Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 150.91 million, while its total debt was $39.73 million. Equity owned by shareholders amounts to $56.52 million.
Technical Picture
Here’s a quick look at Assertio Holdings Inc.’s (ASRT) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 30.31%, suggesting the stock is Neutral, with a 324.47% historical volatility rate.
The stochastic %K and %D were 12.81% and 12.24% respectively, while the average true range (ATR) was 0.34. Based on the 14-day stochastic reading of 13.04%, the RSI (14) reading is 30.87%. On the 9-day MACD Oscillator, the stock is at -0.21, and the 14-day reading is at -0.94.
Analyst Ratings
In its analyst report released on November 07, 2022, Lake Street began covering Assertio Holdings Inc. (NASDAQ: ASRT). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Assertio Holdings Inc. (ASRT) an Buy rating. ASRT is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is ASRT’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.00 and $7.00, with a median target price of $7.00. In analyzing these forecasts, the average price target given by analysts for Assertio Holdings Inc. (ASRT) is $6.75.
