A new trading day began on Tuesday, with Assertio Holdings Inc (NASDAQ: ASRT) stock price down -1.69% from the previous day of trading ,before settling in for the closing price of $0.92. ASRT’s price has ranged from $0.77 to $8.01 over the past 52 weeks.
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Annual sales at Healthcare sector company slipped by -7.51% over the past five years. Meanwhile, its annual earnings per share averaged -121.82%. With a float of $89.35 million, this company’s outstanding shares have now reached $94.67 million.
Let’s look at the performance matrix of the company that is accounted for 53 employees.
Assertio Holdings Inc (ASRT) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Drug Manufacturers – Specialty & Generic Industry. The insider ownership of Assertio Holdings Inc is 5.94%, while institutional ownership is 49.04%. The most recent insider transaction that took place on Mar 14 ’24, was worth 11,463. In this transaction Director of this company sold 10,251 shares at a rate of $1.12, taking the stock ownership to the 188,251 shares. Before that another transaction happened on Sep 12 ’23, when Company’s President & CEO sold 31,121 for $2.97, making the entire transaction worth $92,432. This insider now owns 324,939 shares in total.
Assertio Holdings Inc (ASRT) Performance Highlights and Predictions
In its latest quarterly report, released on 12/30/2023, the company reported earnings of -$0.61 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -121.82% per share during the next fiscal year.
Assertio Holdings Inc (NASDAQ: ASRT) Trading Performance Indicators
Here are Assertio Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.57. Likewise, its price to free cash flow for the trailing twelve months is 1.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.97, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach 0.01 in one year’s time.
Technical Analysis of Assertio Holdings Inc (ASRT)
Assertio Holdings Inc (NASDAQ: ASRT) saw its 5-day average volume 0.5 million, a negative change from its year-to-date volume of 1.06 million. As of the previous 9 days, the stock’s Stochastic %D was 21.34%. Additionally, its Average True Range was 0.07.
During the past 100 days, Assertio Holdings Inc’s (ASRT) raw stochastic average was set at 26.90%, which indicates a significant increase from 10.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.19% in the past 14 days, which was lower than the 70.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9086, while its 200-day Moving Average is $2.2190. Nevertheless, the first resistance level for the watch stands at $0.9421 in the near term. At $0.9769, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.9980. If the price goes on to break the first support level at $0.8862, it is likely to go to the next support level at $0.8651. Assuming the price breaks the second support level, the third support level stands at $0.8303.
Assertio Holdings Inc (NASDAQ: ASRT) Key Stats
With a market capitalization of 86.18 million, the company has a total of 95,000K Shares Outstanding. Currently, annual sales are 152,070 K while annual income is -331,940 K. The company’s previous quarter sales were 32,990 K while its latest quarter income was -57,380 K.
