On Friday, Assertio Holdings Inc (NASDAQ: ASRT) opened lower -4.05% from the last session, before settling in for the closing price of $0.72. Price fluctuations for ASRT have ranged from $0.68 to $1.80 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Healthcare sector has dropped its sales by -5.80% annually for the last half of the decade. Company’s average yearly earnings per share was noted 22.61% at the time writing. With a float of $92.99 million, this company’s outstanding shares have now reached $95.54 million.
In an organization with 58 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 64.02%, operating margin of -19.01%, and the pretax margin is -17.23%.
Assertio Holdings Inc (ASRT) Insider Updates
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 2.91%, while institutional ownership is 29.45%. The most recent insider transaction that took place on Nov 18 ’24, was worth 60,000. In this transaction Director of this company bought 75,000 shares at a rate of $0.80, taking the stock ownership to the 287,650 shares. Before that another transaction happened on Nov 14 ’24, when Company’s CEO bought 11,706 for $0.85, making the entire transaction worth $9,950. This insider now owns 11,706 shares in total.
Assertio Holdings Inc (ASRT) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 22.61% 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 1.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.53. Likewise, its price to free cash flow for the trailing twelve months is 2.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.23, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.04 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 0.38 million. That was inferior than the volume of 0.4 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 23.58%. Additionally, its Average True Range was 0.04.
During the past 100 days, Assertio Holdings Inc’s (ASRT) raw stochastic average was set at 3.24%, which indicates a significant decrease from 10.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.23% in the past 14 days, which was lower than the 58.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7886, while its 200-day Moving Average is $1.0500. However, in the short run, Assertio Holdings Inc’s stock first resistance to watch stands at $0.7216. Second resistance stands at $0.7514. The third major resistance level sits at $0.7729. If the price goes on to break the first support level at $0.6703, it is likely to go to the next support level at $0.6488. Assuming the price breaks the second support level, the third support level stands at $0.6190.
Assertio Holdings Inc (NASDAQ: ASRT) Key Stats
There are currently 95,773K shares outstanding in the company with a market cap of 66.25 million. Presently, the company’s annual sales total 124,960 K according to its annual income of -21,580 K. Last quarter, the company’s sales amounted to 32,180 K and its income totaled -10,480 K.
