Assertio Holdings Inc [NASDAQ: ASRT] loss -7.14% on the last trading session, reaching $1.04 price per share at the time. The company report on November 8, 2023 at 4:01 PM that Assertio Reports Third Quarter 2023 Financial Results.
Closed Spectrum Acquisition on July 31, 2023, which diversifies and extends portfolio duration Cash balance at September 30, 2023 of $76.9 million Announces Management Updates.
Assertio Holdings Inc represents 94.67 million in outstanding shares, while the company has a total market value of $98.46 million with the latest information. ASRT stock price has been found in the range of $0.87 to $1.13.
If compared to the average trading volume of 1.66M shares, ASRT reached a trading volume of 4919397 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Assertio Holdings Inc [ASRT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ASRT shares is $3.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ASRT stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Lake Street have made an estimate for Assertio Holdings Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 07, 2022.
The Average True Range (ATR) for Assertio Holdings Inc is set at 0.19, with the Price to Sales ratio for ASRT stock in the period of the last 12 months amounting to 0.58. The Price to Book ratio for the last quarter was 0.51, with the Price to Cash per share for the same quarter was set at 0.81. Price to Free Cash Flow for ASRT in the course of the last twelve months was 1.14 with Quick ratio for the last quarter at 1.29.
Trading performance analysis for ASRT stock
Assertio Holdings Inc [ASRT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -52.94. With this latest performance, ASRT shares dropped by -55.56% in over the last four-week period, additionally sinking by -85.79% over the last 6 months – not to mention a drop of -62.86% 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 16.47, with the RSI for the last a single of trading hit 12.78, and the three-weeks RSI is set at 19.68 for Assertio Holdings Inc [ASRT]. The present Moving Average for the last 50 days of trading for this stock 2.4293, while it was recorded at 1.5440 for the last single week of trading, and 4.6751 for the last 200 days.
Assertio Holdings Inc [ASRT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Assertio Holdings Inc [ASRT] shares currently have an operating margin of +37.18 and a Gross Margin at +67.13. Assertio Holdings Inc’s Net Margin is presently recorded at +70.17.
Return on Total Capital for ASRT is now 24.65, given the latest momentum, and Return on Invested Capital for the company is 48.05. Return on Equity for this stock inclined to 66.82, with Return on Assets sitting at 29.61. When it comes to the capital structure of this company, Assertio Holdings Inc [ASRT] has a Total Debt to Total Equity ratio set at 29.80. Additionally, ASRT Total Debt to Total Capital is recorded at 22.96, with Total Debt to Total Assets ending up at 16.25. Long-Term Debt to Equity for the company is recorded at 29.42, with the Long-Term Debt to Total Capital now at 22.66.
Reflecting on the efficiency of the workforce at the company, Assertio Holdings Inc [ASRT] managed to generate an average of $3,654,167 per employee. Receivables Turnover for the company is 3.48 with a Total Asset Turnover recorded at a value of 0.42.Assertio Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.29 and a Current Ratio set at 1.68.
Assertio Holdings Inc [ASRT]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at Assertio Holdings Inc [ASRT]
The top three institutional holders of ASRT stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in ASRT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in ASRT stock with ownership which is approximately 5.7994%.