On Friday, Assertio Holdings Inc (NASDAQ: ASRT) opened higher 5.79% from the last session, before settling in for the closing price of $0.99. Price fluctuations for ASRT have ranged from $0.73 to $2.37 over the past 52 weeks.
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A company in the Healthcare sector has dropped its sales by -7.51% annually for the last half of the decade. Company’s average yearly earnings per share was noted -132.73% at the time writing. With a float of $88.98 million, this company’s outstanding shares have now reached $94.67 million.
In an organization with 53 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 59.0%, operating margin of -181.36%, and the pretax margin is -203.27%.
Assertio Holdings Inc (ASRT) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Drug Manufacturers – Specialty & Generic industry is another important factor to consider. The insider ownership of Assertio Holdings Inc is 6.67%, while institutional ownership is 37.66%. The most recent insider transaction that took place on Jun 11 ’24, was worth 11,100. In this transaction Director of this company bought 10,000 shares at a rate of $1.11, taking the stock ownership to the 151,159 shares. Before that another transaction happened on Jun 05 ’24, when Company’s Interim Executive Officer bought 25,000 for $0.97, making the entire transaction worth $24,250. This insider now owns 212,650 shares in total.
Assertio Holdings Inc (ASRT) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -3.42 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.07) by -3.49. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -132.73% per share during the next fiscal year.
Assertio Holdings Inc (NASDAQ: ASRT) Trading Performance Indicators
Check out the current performance indicators for Assertio Holdings Inc (ASRT). In the past quarter, the stock posted a quick ratio of 1.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.76. Likewise, its price to free cash flow for the trailing twelve months is 4.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.11, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.06 in one year’s time.
Technical Analysis of Assertio Holdings Inc (ASRT)
Let’s dig in a bit further. During the last 5-days, its volume was 0.63 million. That was inferior than the volume of 0.93 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 15.91%. Additionally, its Average True Range was 0.06.
During the past 100 days, Assertio Holdings Inc’s (ASRT) raw stochastic average was set at 11.52%, which indicates a significant decrease from 37.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.02% in the past 14 days, which was lower than the 72.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1862, while its 200-day Moving Average is $1.0832. However, in the short run, Assertio Holdings Inc’s stock first resistance to watch stands at $1.0867. Second resistance stands at $1.1233. The third major resistance level sits at $1.1667. If the price goes on to break the first support level at $1.0067, it is likely to go to the next support level at $0.9633. The third support level lies at $0.9267 if the price breaches the second support level.
Assertio Holdings Inc (NASDAQ: ASRT) Key Stats
There are currently 95,125K shares outstanding in the company with a market cap of 100.11 million. Presently, the company’s annual sales total 152,070 K according to its annual income of -331,940 K. Last quarter, the company’s sales amounted to 31,130 K and its income totaled -3,670 K.
