Assertio Holdings Inc. [ASRT] is 43.18% higher this YTD. Is it still time to buy?

Assertio Holdings Inc. [NASDAQ: ASRT] traded at a low on 05/10/21, posting a -10.18 loss after which it closed the day’ session at $0.51. The company report on May 7, 2021 that Assertio Reports First Quarter 2021 Financial Results.

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Reported Net Product Sales of $26.4 Million, Compared to Prior Year Pro-Forma Net Products Sales of $28.3 Million.

Provides Financial Guidance for 2021.

The results of the trading session contributed to over 9129489 shares changing hands. Over the past one week, the price volatility of Assertio Holdings Inc. stands at 11.22% while the volatility over the past one month is 10.05%.

The market cap for ASRT stock reached $77.70 million, with 173.45 million shares outstanding and 171.00 million shares in the current float. Compared to the average trading volume of 13.68M shares, ASRT reached a trading volume of 9129489 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 0.05, with the Price to Sales ratio for ASRT stock in the period of the last 12 months amounting to 0.73. The Price to Book ratio for the last quarter was 0.73.

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 -6.76. With this latest performance, ASRT shares dropped by -16.07% in over the last four-week period, additionally sinking by -23.58% over the last 6 months – not to mention a drop of -35.86% 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 41.47, with the RSI for the last a single of trading hit 42.80, and the three-weeks RSI is set at 41.60 for Assertio Holdings Inc. [ASRT]. The present Moving Average for the last 50 days of trading for this stock 0.7009, while it was recorded at 0.5235 for the last single week of trading, and 0.6824 for the last 200 days.

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

Operating Margin for any stock indicates how profitable investing would be, and Assertio Holdings Inc. [ASRT] shares currently have an operating margin of +3.64 and a Gross Margin at +50.99. Assertio Holdings Inc.’s Net Margin is presently recorded at -94.64.

Return on Total Capital for ASRT is now 1.39, given the latest momentum, and Return on Invested Capital for the company is -43.42. Return on Equity for this stock declined to -156.10, with Return on Assets sitting at -29.75. When it comes to the capital structure of this company, Assertio Holdings Inc. [ASRT] has a Total Debt to Total Equity ratio set at 617.99. Additionally, ASRT Total Debt to Total Capital is recorded at 86.07, with Total Debt to Total Assets ending up at 67.94. Long-Term Debt to Equity for the company is recorded at 476.34, with the Long-Term Debt to Total Capital now at 66.34.

Reflecting on the efficiency of the workforce at the company, Assertio Holdings Inc. [ASRT] managed to generate an average of -$1,737,608 per employee. Receivables Turnover for the company is 5.74 with a Total Asset Turnover recorded at a value of 0.31.Assertio Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

Earnings analysis for Assertio Holdings Inc. [ASRT]

With the latest financial reports released by the company, Assertio Holdings Inc. posted 0.03/share EPS, while the average EPS was predicted by analysts to be reported at -0.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 200.00%. 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 $22 million, or 21.80% 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 0.70% of the total institutional ownership; HIGHBRIDGE CAPITAL MANAGEMENT LLC, holding 6,158,759 shares of the stock with an approximate value of $3.51 million in ASRT stocks shares; and BLACKROCK INC., currently with $2.12 million in ASRT stock with ownership of nearly 152.024% of the company’s market capitalization.

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Positions in Assertio Holdings Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 19 institutional holders increased their position in Assertio Holdings Inc. [NASDAQ:ASRT] by around 2,624,979 shares. Additionally, 36 investors decreased positions by around 12,807,880 shares, while 17 investors held positions by with 22,837,254 shares. The mentioned changes placed institutional holdings at 38,270,113 shares, according to the latest SEC report filing. ASRT stock had 4 new institutional investments in for a total of 80,217 shares, while 12 institutional investors sold positions of 6,575,174 shares during the same period.

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