Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
The price of Assertio Holdings Inc (NASDAQ: ASRT) closed at $0.87 in the last session, down -4.83% from day before closing price of $0.91. In other words, the price has decreased by -$4.83 from its previous closing price. On the day, 0.8 million shares were traded. ASRT stock price reached its highest trading level at $0.9046 during the session, while it also had its lowest trading level at $0.8486.
Ratios:
We take a closer look at ASRT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.68. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 86513600 and an Enterprise Value of 49699384. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54 while its Price-to-Book (P/B) ratio in mrq is 0.59. Its current Enterprise Value per Revenue stands at 0.327 whereas that against EBITDA is 0.935.
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 $0.75. The 50-Day Moving Average of the stock is -4.84%, while the 200-Day Moving Average is calculated to be -56.50%.
Shares Statistics:
According to the various share statistics, ASRT traded on average about 920.23K shares per day over the past 3-months and 779070 shares per day over the past 10 days. A total of 94.67M shares are outstanding, with a floating share count of 89.49M. Insiders hold about 5.92% of the company’s shares, while institutions hold 49.26% stake in the company. Shares short for ASRT as of 1711584000 were 10377011 with a Short Ratio of 11.28, compared to 1709164800 on 9799630. Therefore, it implies a Short% of Shares Outstanding of 10377011 and a Short% of Float of 11.05.
