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After finishing at $1.22 in the prior trading day, Assertio Holdings Inc (NASDAQ: ASRT) closed at $1.17, down -4.10%. In other words, the price has decreased by -$4.10 from its previous closing price. On the day, 0.51 million shares were traded. ASRT stock price reached its highest trading level at $1.21 during the session, while it also had its lowest trading level at $1.15.
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 1.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.83. For the most recent quarter (mrq), Quick Ratio is recorded 1.51 and its Current Ratio is at 1.93. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.30.
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, Maxim Group on July 26, 2024, initiated with a Buy rating and assigned the stock a target price of $3.
On July 03, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $4.
On November 07, 2022, Lake Street started tracking the stock assigning a Buy rating and target price of $7.Lake Street initiated its Buy rating on November 07, 2022, with a $7 target price.
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 Jun 11 ’24 when Vacirca Jeff L bought 10,000 shares for $1.11 per share. The transaction valued at 11,100 led to the insider holds 151,159 shares of the business.
Mason Heather L bought 25,000 shares of ASRT for $24,250 on Jun 05 ’24. The Interim Executive Officer now owns 212,650 shares after completing the transaction at $0.97 per share. On Mar 14 ’24, another insider, Tyree James L, who serves as the Director of the company, sold 10,251 shares for $1.12 each. As a result, the insider received 11,463 and left with 188,251 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 111542648 and an Enterprise Value of 63811684. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.84 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 0.483 whereas that against EBITDA is 5.694.
Stock Price History:
Over the past 52 weeks, ASRT has reached a high of $2.70, while it has fallen to a 52-week low of $0.73. The 50-Day Moving Average of the stock is -10.55%, while the 200-Day Moving Average is calculated to be 8.83%.
Shares Statistics:
The stock has traded on average 1.08M shares per day over the past 3-months and 460120 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 88.99M. Insiders hold about 6.66% of the company’s shares, while institutions hold 37.77% stake in the company. Shares short for ASRT as of 1724976000 were 6197077 with a Short Ratio of 5.72, compared to 1722384000 on 6186907. Therefore, it implies a Short% of Shares Outstanding of 6197077 and a Short% of Float of 6.569999999999999.
