As of Thursday close, Assertio Holdings Inc.’s (NASDAQ:ASRT) stock was down -$0.09, moving down -3.45 percent to $2.52. The average number of shares traded per day over the past five days has been 1,847,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.26 fall in that time frame. In the last twenty days, the average volume was 1,869,440, while in the previous 50 days, it was 2,472,992.
Since last month, ASRT stock retreated -25.88%. Shares of the company fell to $2.50 on 09/21/23, the lowest level in the past month. A 52-week high of $8.01 was reached on 05/11/23 after having rallying from a 52-week low of $2.07. Since the beginning of this year, ASRT’s stock price has dropped by -41.40% or -$1.78, and marked a new high 19 times. However, the stock has declined by -68.54% since its 52-week high.
ASRT stock investors should be aware that Assertio Holdings Inc. (ASRT) stock had its last reported insider trading activity 10 days ago on Sep 12. Peisert Daniel A., the President & CEO of the company, disposed of 31,121 shares for $2.97 on Sep 12. It resulted in a $92,432 divestment by the insider. Peisert Daniel A. sold 127,281 shares at an average price of $3.04 on Sep 11. The insider now owns 356,060 shares following the transaction. On Sep 11, SVP and CFO Schwichtenberg Paul sold 104,980 shares at $3.07 apiece. The transaction was valued at $322,593.
Valuation Metrics
Right now, Assertio Holdings Inc. (ASRT) has a P/E ratio of about 1.75. The stock’s beta is 1.41. Besides these, the trailing price-to-sales (P/S) ratio of 1.41, the price-to-book (PB) ratio of 0.56, and the price-to-cash flow ratio of 3.84 may also be considered.
Financial Health
In the three months ended June 29, Assertio Holdings Inc.’s quick ratio stood at 1.40, while its current ratio was 1.70, 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 June 29 was 0.15, and the total debt-to-equity ratio was 0.15. On the profitability front, the trailing twelve-month gross margin is 88.10% percent. In the year ended June 29, EBITDA margin amounted to 58.57%, whereas operating margins totaled 14.50%. Based on annual data, ASRT earned $137.49 million in gross profit and brought in $156.23 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 40.30%. Return on equity (ROE) for the past 12 months was 45.20%.
In Assertio Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $38.25 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 14.3% to $42.47 million during the quarter, while net income inched up to $40.99 million. While analysts expected Assertio Holdings Inc. to report $0.14 quarterly earnings, the actual figure was $0.13 per share, beating the consensus estimate by -7.10%. During the quarter, the company generated $19.0 million in EBITDA. The liabilities of Assertio Holdings Inc. were 150.91 million at the end of its most recent quarter ended June 29, and its total debt was $39.73 million. The value of shareholders’ equity is $56.52 million.
Technical Picture
This quick technical analysis looks at Assertio Holdings Inc.’s (ASRT) price momentum. With a historical volatility rate of 17.38%, the RSI 9-day stood at 12.19% on 21 September.
With respect to its five-day moving average, the current Assertio Holdings Inc. price is down by -9.35% percent or -$0.26. At present, ASRT shares trade -25.44% below its 20-day simple moving average and -54.26% percent below its 100-day simple moving average. However, the stock is currently trading approximately -51.16% below its SMA50 and -17.65% below its SMA200.
Stochastic coefficient K was 3.64% and Stochastic coefficient D was 6.25%, while ATR was 0.15. Given the Stochastic reading of 2.22% for the 14-day period, the RSI (14) reading has been calculated as 20.47%. As of today, the MACD Oscillator reading stands at -0.18, while the 14-day reading stands at -0.34.
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 $7.00, 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 $6.75.
