The closing price of Assertio Holdings Inc (NASDAQ: ASRT) was $1.04 for the day, down -0.95% from the previous closing price of $1.05. In other words, the price has decreased by -$0.0100 from its previous closing price. On the day, 659185 shares were traded.
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 1.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.02. 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 98.80M and an Enterprise Value of 65.03M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.65 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 0.43 whereas that against EBITDA is -0.29.
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 $0.77. The 50-Day Moving Average of the stock is 0.8908, while the 200-Day Moving Average is calculated to be 2.5016.
Shares Statistics:
ASRT traded an average of 1.13M shares per day over the past three months and 1.99M shares per day over the past ten days. 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 Feb 29, 2024 were 9.8M with a Short Ratio of 8.71, compared to 9.44M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.35% and a Short% of Float of 10.47%.
Earnings Estimates
The firm’s stock currently is rated by 2 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
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 $42.47M, 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.
