There is a good chance Assertio Holdings Inc. (ASRT) will undergo another restructuring.

After finishing at $5.24 in the prior trading day, Assertio Holdings Inc. (NASDAQ: ASRT) closed at $5.92, up 12.98%. In other words, the price has increased by $+0.68 from its previous closing price. On the day, 4115340 shares were traded. ASRT stock price reached its highest trading level at $6.08 during the session, while it also had its lowest trading level at $5.37.

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Our goal is to gain a better understanding of ASRT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.92. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.49.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Lake Street on November 07, 2022, initiated with a Buy rating and assigned the stock a target price of $7.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 12 when Tyree James L sold 44,643 shares for $2.36 per share. The transaction valued at 105,170 led to the insider holds 210,451 shares of the business.

MCKEE WILLIAM sold 22,322 shares of ASRT for $52,488 on May 12. The Director now owns 229,586 shares after completing the transaction at $2.35 per share. On Apr 11, another insider, Peisert Daniel A., who serves as the President and CEO of the company, sold 26,391 shares for $3.50 each. As a result, the insider received 92,368 and left with 158,402 shares of the company.

Valuation Measures:

As of this moment, Assertio’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.04, and their Forward P/E ratio for the next fiscal year is 9.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.38 while its Price-to-Book (P/B) ratio in mrq is 2.11.

Stock Price History:

Over the past 52 weeks, ASRT has reached a high of $7.00, while it has fallen to a 52-week low of $1.86. The 50-Day Moving Average of the stock is 4.75, while the 200-Day Moving Average is calculated to be 3.41.

Shares Statistics:

The stock has traded on average 1.77M shares per day over the past 3-months and 3.65M shares per day over the last 10 days, according to various share statistics. A total of 48.18M shares are outstanding, with a floating share count of 40.15M. Insiders hold about 0.20% of the company’s shares, while institutions hold 36.10% stake in the company. Shares short for ASRT as of Jan 30, 2023 were 8.43M with a Short Ratio of 5.36M, compared to 7.43M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 17.46% and a Short% of Float of 17.68%.

Earnings Estimates

Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of $0.21 for the current quarter, with a high estimate of $0.25 and a low estimate of $0.18, while EPS last year was $0.1. The consensus estimate for the next quarter is $0.13, with high estimates of $0.15 and low estimates of $0.11.

Analysts are recommending an EPS of between $0.68 and $0.62 for the fiscal current year, implying an average EPS of $0.64. EPS for the following year is $0.58, with 4 analysts recommending between $0.66 and $0.45.

Revenue Estimates

4 analysts predict $46.82M in revenue for the current quarter. It ranges from a high estimate of $47.26M to a low estimate of $46.32M. As of the current estimate, Assertio Holdings Inc.’s year-ago sales were $33.33M, an estimated increase of 40.50% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $37.39M, an increase of 2.30% less than the figure of $40.50% in the same quarter last year. There is a high estimate of $38.4M for the next quarter, whereas the lowest estimate is $36.76M.

A total of 4 analysts have provided revenue estimates for ASRT’s current fiscal year. The highest revenue estimate was $153.15M, while the lowest revenue estimate was $152.2M, resulting in an average revenue estimate of $152.71M. In the same quarter a year ago, actual revenue was $111.01M, up 37.60% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $154.16M in the next fiscal year. The high estimate is $158.8M and the low estimate is $148.91M. The average revenue growth estimate for next year is up 0.90% from the average revenue estimate for this year.