Assertio Holdings Inc (NASDAQ: ASRT) kicked off on Friday, up 4.90% from the previous trading day, before settling in for the closing price of $1.02. Over the past 52 weeks, ASRT has traded in a range of $0.73-$7.40.
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During the last 5-year period, the sales drop of Healthcare Sector giant was -7.51%. While this was happening, its average annual earnings per share was recorded -130.91%. With a float of $89.21 million, this company’s outstanding shares have now reached $94.67 million.
Let’s determine the extent of company efficiency that accounts for 53 employees.
Assertio Holdings Inc (ASRT) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Drug Manufacturers – Specialty & Generic Industry. The insider ownership of Assertio Holdings Inc is 6.22%, while institutional ownership is 46.01%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -130.91% per share during the next fiscal year.
Assertio Holdings Inc (NASDAQ: ASRT) Trading Performance Indicators
Take a look at Assertio Holdings Inc’s (ASRT) current performance indicators. Last quarter, stock had a quick ratio of 1.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.72. Likewise, its price to free cash flow for the trailing twelve months is 3.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.95, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach 0.01 in one year’s time.
Technical Analysis of Assertio Holdings Inc (ASRT)
Looking closely at Assertio Holdings Inc (NASDAQ: ASRT), its last 5-days average volume was 0.61 million, which is a drop from its year-to-date volume of 1.02 million. As of the previous 9 days, the stock’s Stochastic %D was 29.59%. Additionally, its Average True Range was 0.08.
During the past 100 days, Assertio Holdings Inc’s (ASRT) raw stochastic average was set at 64.60%, which indicates a significant increase from 56.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 110.60% in the past 14 days, which was higher than the 78.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9591, while its 200-day Moving Average is $1.5953. However, in the short run, Assertio Holdings Inc’s stock first resistance to watch stands at $1.1067. Second resistance stands at $1.1433. The third major resistance level sits at $1.1967. If the price goes on to break the first support level at $1.0167, it is likely to go to the next support level at $0.9633. Now, if the price goes above the second support level, the third support stands at $0.9267.
Assertio Holdings Inc (NASDAQ: ASRT) Key Stats
The company with the Market Capitalisation of 101.78 million has total of 95,125K Shares Outstanding. Its annual sales at the moment are 152,070 K in contrast with the sum of -331,940 K annual income. Company’s last quarter sales were recorded 32,450 K and last quarter income was -4,510 K.
