Assertio Holdings Inc. [ASRT] Revenue clocked in at $106.30 million, up 81.96% YTD: What’s Next?

Assertio Holdings Inc. [NASDAQ: ASRT] slipped around -0.06 points on Monday, while shares priced at $0.65 at the close of the session, down -8.99%. The company report on March 12, 2021 that Assertio Reports Fourth Quarter and Full Year 2020 Financial Results.

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Full Year Net Product Sales of $93.5 Million; Full Year Pro-Forma Revenue of $119.2 Million in Line with Guidance.

Post Year-end Raised $45.3 Million in Cash, Net of Expenses, from Closing of Registered Direct Offerings.

Assertio Holdings Inc. stock is now 81.96% up from its year-to-date (YTD) trading value. ASRT Stock saw the intraday high of $0.6999 and lowest of $0.645 per share. The company’s 52-week high price is 1.45, which means current price is +74.92% above from all time high which was touched on 02/09/21.

Compared to the average trading volume of 17.14M shares, ASRT reached a trading volume of 5116256 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Assertio Holdings Inc. [ASRT]?

Mizuho have made an estimate for Assertio Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 30, 2018.

The Average True Range (ATR) for Assertio Holdings Inc. is set at 0.09, with the Price to Sales ratio for ASRT stock in the period of the last 12 months amounting to 1.01. The Price to Book ratio for the last quarter was 1.41.

How has ASRT stock performed recently?

Assertio Holdings Inc. [ASRT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.48. With this latest performance, ASRT shares dropped by -31.75% in over the last four-week period, additionally plugging by 0.11% over the last 6 months – not to mention a rise of 0.62% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ASRT stock in for the last two-week period is set at 35.42, with the RSI for the last a single of trading hit 29.26, and the three-weeks RSI is set at 40.21 for Assertio Holdings Inc. [ASRT]. The present Moving Average for the last 50 days of trading for this stock 0.8837, while it was recorded at 0.6791 for the last single week of trading, and 0.7226 for the last 200 days.

Assertio Holdings Inc. [ASRT]: Deeper insight into the fundamentals

Assertio Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.

Earnings analysis for Assertio Holdings Inc. [ASRT]

With the latest financial reports released by the company, Assertio Holdings Inc. posted 0.1/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 225.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ASRT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Assertio Holdings Inc. go to 25.00%.

Insider trade positions for Assertio Holdings Inc. [ASRT]

There are presently around $25 million, or 22.40% of ASRT stock, in the hands of institutional investors. The top three institutional holders of ASRT stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 6,522,314, which is approximately 0.003% of the company’s market cap and around 0.60% of the total institutional ownership; HIGHBRIDGE CAPITAL MANAGEMENT LLC, holding 6,158,759 shares of the stock with an approximate value of $4.01 million in ASRT stocks shares; and ACADIAN ASSET MANAGEMENT LLC, currently with $1.99 million in ASRT stock with ownership of nearly -12.059% of the company’s market capitalization.

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19 institutional holders increased their position in Assertio Holdings Inc. [NASDAQ:ASRT] by around 3,280,895 shares. Additionally, 36 investors decreased positions by around 11,775,317 shares, while 18 investors held positions by with 22,625,190 shares. The mentioned changes placed institutional holdings at 37,681,402 shares, according to the latest SEC report filing. ASRT stock had 6 new institutional investments in for a total of 76,006 shares, while 12 institutional investors sold positions of 6,201,831 shares during the same period.

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