Assertio Holdings Inc. (NASDAQ:ASRT) finished Friday with a subtraction of $0.0 to close at $3.29, a downside of 0.00 percent. An average of 1,133,980 shares of common stock have been traded in the last five days. The last 20 days have seen an average of 3,790,635 shares traded, while the 50-day average volume stands at 2,457,876.
ASRT stock has decreased by -38.39% in the last month. The company shares reached their 1-month lowest point of $2.87 on 08/04/23. With the stock rallying to its 52-week high on 05/11/23, shares of the company touched a low of $2.07 and a high of $8.01 in 52 weeks. It has reached a new high 19 times so far this year and lost -23.49% or -$1.01 in price. In spite of this, the price is down -58.93% 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 12 days ago on Aug 14. In this transaction, the insider spent $69,045. Director, Mason Heather L, disposed of 89,286 shares at a price of $7.30 on May 19. The insider now owns more than $652,011 worth of shares. Prior to that, Director Tyree James L went on to Sale 43,143 shares at $6.00 each on May 05. An amount of $258,767 was transacted.
Valuation Metrics
Assertio Holdings Inc. (ASRT) has a trailing price-to-earnings (P/E) ratio of 2.28. The stock’s beta is 1.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.73, the price-to-book (PB) ratio at 0.73, and the price-to-cash flow ratio at 4.73.
Financial Health
The quick ratio of Assertio Holdings Inc. for the three months ended June 29 was 1.40, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.15 and a total debt to equity ratio of 0.15 for the quarter ending June 29. Assertio Holdings Inc.’s EBITDA margin for the year ending June 29 is 58.57%, while its operating margin for the same period stands at 14.50%. Its gross profit as reported stood at $137.49 million compared to revenue of $156.23 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Assertio Holdings Inc.’s return on assets was 25.10%.
Earnings Surprise
For the three-month period that ended June 29, Assertio Holdings Inc. had $38.25 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $8.47 million in the quarter, while revenues of -$3.48 million were grew 7.56%. The analyst consensus anticipated Assertio Holdings Inc.’s latest quarter earnings to come in at $0.14 per share, but it turned out to be $0.13, a -7.10% surprise. For the quarter, EBITDA amounted to $19.0 million. Shareholders own equity worth $56.52 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Assertio Holdings Inc. (ASRT) price momentum. RSI 9-day as of the close on 25 August was 35.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.96%.
As of today, ASRT’s price is $3.36 unch or $unch from its 5-day moving average. ASRT is currently trading -42.08% lower than its 20-day SMA and -46.15% lower than its 100-day SMA. However, the stock’s current price level is -45.44% below the SMA50 and +22.76% above the SMA200.
The stochastic %K and %D were 53.87% and 43.78%, respectively, and the average true range (ATR) was 0.22. With the 14-day stochastic at 53.85% and the average true range at 0.25, the RSI (14) stands at 34.65%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at 0.05.
Analyst Ratings
Lake Street launched coverage on Assertio Holdings Inc. (NASDAQ: ASRT) in its analyst report released on November 07, 2022. The firm assigned the stock a Buy rating. The consensus rating for Assertio Holdings Inc. (ASRT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ASRT, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.
What is ASRT’s price target for the next 12 months?
Analysts predict a range of price targets between $6.00 and $7.00, with a median target of $7.00. Taking a look at these predictions, the average price target given by analysts for Assertio Holdings Inc. (ASRT) stock is $6.75.
