After finishing at $0.82 in the prior trading day, Assertio Holdings Inc (NASDAQ: ASRT) closed at $0.82, up 0.38%. In other words, the price has increased by $+0.0031 from its previous closing price. On the day, 574852 shares were traded.
Ratios:
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 1.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.90. For the most recent quarter (mrq), Quick Ratio is recorded 1.29 and its Current Ratio is at 1.68. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.21.
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 Sep 12 when Peisert Daniel A. sold 31,121 shares for $2.97 per share. The transaction valued at 92,432 led to the insider holds 324,939 shares of the business.
Peisert Daniel A. sold 127,281 shares of ASRT for $386,972 on Sep 11. The President & CEO now owns 356,060 shares after completing the transaction at $3.04 per share. On Sep 11, another insider, Schwichtenberg Paul, who serves as the SVP and CFO of the company, sold 104,980 shares for $3.07 each. As a result, the insider received 322,593 and left with 64,313 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ASRT now has a Market Capitalization of 77.92M and an Enterprise Value of 39.14M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 0.40. Its current Enterprise Value per Revenue stands at 0.23 whereas that against EBITDA is -0.22.
Stock Price History:
Over the past 52 weeks, ASRT has reached a high of $8.01, while it has fallen to a 52-week low of $0.77. The 50-Day Moving Average of the stock is 0.9260, while the 200-Day Moving Average is calculated to be 3.0877.
Shares Statistics:
The stock has traded on average 1.06M shares per day over the past 3-months and 668.33k shares per day over the last 10 days, according to various share statistics. A total of 94.67M shares are outstanding, with a floating share count of 89.09M. Insiders hold about 5.89% of the company’s shares, while institutions hold 49.17% stake in the company. Shares short for ASRT as of Jan 31, 2024 were 9.44M with a Short Ratio of 8.87, compared to 8.1M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 9.97% and a Short% of Float of 10.09%.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.02 for the current quarter, with a high estimate of $0 and a low estimate of -$0.04, while EPS last year was $1.34. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between -$3.28 and -$3.54 for the fiscal current year, implying an average EPS of -$3.41. EPS for the following year is $0.16, with 2 analysts recommending between $0.32 and $0.
Revenue Estimates
2 analysts predict $33.81M in revenue for the current quarter. It ranges from a high estimate of $36.2M to a low estimate of $31.42M. As of the current estimate, Assertio Holdings Inc’s year-ago sales were $50.35M, an estimated decrease of -32.90% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $28.42M, a decrease of -33.10% less than the figure of -$32.90% in the same quarter last year. There is a high estimate of $28.42M for the next quarter, whereas the lowest estimate is $28.42M.
A total of 2 analysts have provided revenue estimates for ASRT’s current fiscal year. The highest revenue estimate was $155.3M, while the lowest revenue estimate was $150.51M, resulting in an average revenue estimate of $152.9M. In the same quarter a year ago, actual revenue was $156.23M, down -2.10% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $160.6M in the next fiscal year. The high estimate is $203.5M and the low estimate is $117.7M. The average revenue growth estimate for next year is up 5.00% from the average revenue estimate for this year.
