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The closing price of Assertio Holdings Inc (NASDAQ: ASRT) was $0.85 for the day, up 2.39% from the previous closing price of $0.83. In other words, the price has increased by $2.39 from its previous closing price. On the day, 0.79 million shares were traded. ASRT stock price reached its highest trading level at $0.898 during the session, while it also had its lowest trading level at $0.811.
Ratios:
Our analysis of ASRT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.65. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 80663624 and an Enterprise Value of 48027456. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.53 while its Price-to-Book (P/B) ratio in mrq is 0.58. Its current Enterprise Value per Revenue stands at 0.316 whereas that against EBITDA is 0.903.
Stock Price History:
The Beta on a monthly basis for ASRT is 1.02, which has changed by -0.8531952 over the last 52 weeks, in comparison to a change of 0.24191546 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 $0.73. The 50-Day Moving Average of the stock is -6.79%, while the 200-Day Moving Average is calculated to be -55.93%.
Shares Statistics:
ASRT traded an average of 954.71K shares per day over the past three months and 1004580 shares per day over the past ten 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 49.18% stake in the company. Shares short for ASRT as of 1713139200 were 10758825 with a Short Ratio of 11.27, compared to 1710460800 on 10733220. Therefore, it implies a Short% of Shares Outstanding of 10758825 and a Short% of Float of 11.4300005.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 2.0 analysts currently analyzing and rating the stock of Assertio Holdings Inc (ASRT).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 $0.0 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 $0.0, with 2.0 analysts recommending between $0.19 and -$0.18.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. 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 $42.47MFor the next quarter, 2 analysts are estimating revenue of $29.81M. 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 $152.07MBased 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.
