For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
Assertio Holdings Inc (NASDAQ: ASRT) closed the day trading at $0.71 down -1.13% from the previous closing price of $0.72. In other words, the price has decreased by -$1.13 from its previous closing price. On the day, 0.55 million shares were traded. ASRT stock price reached its highest trading level at $0.73 during the session, while it also had its lowest trading level at $0.6941.
Ratios:
For a better understanding of ASRT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.43 and its Current Ratio is at 1.77. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.33.
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 Nov 18 ’24 when Mason Heather L bought 75,000 shares for $0.80 per share. The transaction valued at 60,000 led to the insider holds 287,650 shares of the business.
O’Grady Brendan P. bought 11,706 shares of ASRT for $9,950 on Nov 14 ’24. The CEO now owns 11,706 shares after completing the transaction at $0.85 per share. On Jun 11 ’24, another insider, Vacirca Jeff L, who serves as the Director of the company, bought 10,000 shares for $1.11 each. As a result, the insider paid 11,100 and bolstered with 151,159 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 68765104 and an Enterprise Value of 10039184. 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 0.56. Its current Enterprise Value per Revenue stands at 0.08 whereas that against EBITDA is 0.865.
Stock Price History:
The Beta on a monthly basis for ASRT is 0.54, which has changed by -0.3238095 over the last 52 weeks, in comparison to a change of 0.08275449 over the same period for the S&P500. Over the past 52 weeks, ASRT has reached a high of $1.80, while it has fallen to a 52-week low of $0.68. The 50-Day Moving Average of the stock is -11.64%, while the 200-Day Moving Average is calculated to be -33.00%.
Shares Statistics:
Over the past 3-months, ASRT traded about 417.23K shares per day on average, while over the past 10 days, ASRT traded about 352040 shares per day. A total of 95.54M shares are outstanding, with a floating share count of 92.99M. Insiders hold about 2.91% of the company’s shares, while institutions hold 29.19% stake in the company. Shares short for ASRT as of 1740700800 were 5407989 with a Short Ratio of 12.96, compared to 1738281600 on 5731537. Therefore, it implies a Short% of Shares Outstanding of 5407989 and a Short% of Float of 5.72.
Earnings Estimates
The market rating for Assertio Holdings Inc (ASRT) is a result of the insights provided by 2.0 analysts actively involved in the assessment.The consensus estimate for the next quarter is $0.01, with high estimates of $0.01 and low estimates of $0.01.
Analysts are recommending an EPS of between $0.09 and $0.03 for the fiscal current year, implying an average EPS of $0.06. EPS for the following year is $0.23, with 1.0 analysts recommending between $0.23 and $0.23.
Revenue Estimates
5 analysts predict $27.52M in revenue for the current quarter. It ranges from a high estimate of $29.47M to a low estimate of $25.71M. As of the current estimate, Assertio Holdings Inc’s year-ago sales were $32.45MFor the next quarter, 5 analysts are estimating revenue of $27.99M. There is a high estimate of $28.63M for the next quarter, whereas the lowest estimate is $27.43M.
A total of 5 analysts have provided revenue estimates for ASRT’s current fiscal year. The highest revenue estimate was $120.84M, while the lowest revenue estimate was $112.7M, resulting in an average revenue estimate of $115.25M. In the same quarter a year ago, actual revenue was $124.96MBased on 4 analysts’ estimates, the company’s revenue will be $128.06M in the next fiscal year. The high estimate is $135.6M and the low estimate is $118.9M.
