A new trading day began on Monday, with Assertio Holdings Inc (NASDAQ: ASRT) stock price down -6.20% from the previous day of trading, before settling in for the closing price of $0.87. ASRT’s price has ranged from $0.77 to $8.01 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -7.51%. Meanwhile, its annual earnings per share averaged -121.82%. With a float of $89.37 million, this company’s outstanding shares have now reached $94.67 million.
Considering the fact that the conglomerate employs 53 people, you should pay attention to its efficiency factor.
Assertio Holdings Inc (ASRT) Insider Activity
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 5.92%, 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) Earnings and Forecasts
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 0.51. Likewise, its price to free cash flow for the trailing twelve months is 1.58.
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)
Compared to the last year’s volume of 1.04 million, its volume of 0.71 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 6.35%. Additionally, its Average True Range was 0.06.
During the past 100 days, Assertio Holdings Inc’s (ASRT) raw stochastic average was set at 8.71%, which indicates a significant increase from 5.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.32% in the past 14 days, which was lower than the 69.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9073, while its 200-day Moving Average is $2.1266. Nevertheless, the first resistance level for the watch stands at $0.8626 in the near term. At $0.9108, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.9416. If the price goes on to break the first support level at $0.7836, it is likely to go to the next support level at $0.7528. Should the price break the second support level, the third support level stands at $0.7046.
Assertio Holdings Inc (NASDAQ: ASRT) Key Stats
With a market capitalization of 77.37 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.
