In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
Assertio Holdings Inc (NASDAQ: ASRT) closed the day trading at $0.85 down -4.50% from the previous closing price of $0.89. In other words, the price has decreased by -$4.50 from its previous closing price. On the day, 0.58 million shares were traded. ASRT stock price reached its highest trading level at $0.8908 during the session, while it also had its lowest trading level at $0.846.
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 0.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.57 and its Current Ratio is at 2.01. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.38.
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 80774224 and an Enterprise Value of 34632844. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.67 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 0.275 whereas that against EBITDA is 3.36.
Stock Price History:
Over the past 52 weeks, ASRT has reached a high of $1.80, while it has fallen to a 52-week low of $0.73. The 50-Day Moving Average of the stock is -13.94%, while the 200-Day Moving Average is calculated to be -23.31%.
Shares Statistics:
Over the past 3-months, ASRT traded about 740.48K shares per day on average, while over the past 10 days, ASRT traded about 899800 shares per day. A total of 95.36M shares are outstanding, with a floating share count of 92.82M. Insiders hold about 2.79% of the company’s shares, while institutions hold 31.11% stake in the company. Shares short for ASRT as of 1732838400 were 5538484 with a Short Ratio of 7.48, compared to 1730332800 on 6089992. Therefore, it implies a Short% of Shares Outstanding of 5538484 and a Short% of Float of 5.86.
