After finishing at $0.99 in the prior trading day, Assertio Holdings Inc (NASDAQ: ASRT) closed at $0.96, down -3.10%. On the day, 930379 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 1.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.86. For the most recent quarter (mrq), Quick Ratio is recorded 1.43 and its Current Ratio is at 1.83. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.29.
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 Mar 14 ’24 when Tyree James L sold 10,251 shares for $1.12 per share. The transaction valued at 11,463 led to the insider holds 188,251 shares of the business.
Peisert Daniel A. sold 31,121 shares of ASRT for $92,432 on Sep 12 ’23. The President & CEO now owns 324,939 shares after completing the transaction at $2.97 per share. On Sep 11 ’23, another insider, Peisert Daniel A., who serves as the President & CEO of the company, sold 127,281 shares for $3.04 each. As a result, the insider received 386,972 and left with 356,060 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 91.13M and an Enterprise Value of 57.36M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 0.38 whereas that against EBITDA is -0.26.
Stock Price History:
The Beta on a monthly basis for ASRT is 0.97, which has changed by -84.29% over the last 52 weeks, in comparison to a change of 27.39% over the same period for the S&P500. 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 0.8988, while the 200-Day Moving Average is calculated to be 2.4010.
Shares Statistics:
The stock has traded on average 1.13M shares per day over the past 3-months and 1.25M 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 89.35M. Insiders hold about 5.94% of the company’s shares, while institutions hold 49.03% stake in the company. Shares short for ASRT as of Mar 15, 2024 were 10.73M with a Short Ratio of 9.54, compared to 9.6M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.30% and a Short% of Float of 11.43%.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.05, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.02, with high estimates of $0 and low estimates of -$0.05.
Analysts are recommending an EPS of between -$0.04 and -$0.2 for the fiscal current year, implying an average EPS of -$0.12. EPS for the following year is $0, with 2 analysts recommending between $0.19 and -$0.18.
Revenue Estimates
2 analysts predict $29.51M in revenue for the current quarter. It ranges from a high estimate of $30.1M to a low estimate of $28.92M. As of the current estimate, Assertio Holdings Inc’s year-ago sales were $42.47M, an estimated decrease of -30.50% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $29.81M, a decrease of -25.20% over than the figure of -$30.50% in the same quarter last year. There is a high estimate of $30.42M for the next quarter, whereas the lowest estimate is $29.2M.
A total of 2 analysts have provided revenue estimates for ASRT’s current fiscal year. The highest revenue estimate was $118.2M, while the lowest revenue estimate was $116.5M, resulting in an average revenue estimate of $117.35M. In the same quarter a year ago, actual revenue was $152.07M, down -22.80% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $130.1M in the next fiscal year. The high estimate is $136.2M and the low estimate is $124M. The average revenue growth estimate for next year is up 10.90% from the average revenue estimate for this year.
