Assertio Holdings, Inc. (NASDAQ:ASRT) has a beta value of 1.49 and has seen 2,297,899 shares traded in the recent trading session. The company, currently valued at $89.12 Million, closed the recent trade at $0.51 per share which meant it lost -$0.04 on the day or -6.74% during that session. The ASRT stock price is -184.31% off its 52-week high price of $1.45 and 35.29% above the 52-week low of $0.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.47 Million shares traded. The 3-month trading volume is 16.81 Million shares.
The consensus among analysts is that Assertio Holdings, Inc. (ASRT) is a Buy stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 2 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.02.
Assertio Holdings, Inc. (NASDAQ:ASRT) trade information
Despite being -6.74% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Apr 30 when the ASRT stock price touched $0.5848 or saw a rise of 12.52%. Year-to-date, Assertio Holdings, Inc. shares have moved 43.06%, while the 5-day performance has seen it change -6.37%. Over the past 30 days, the shares of Assertio Holdings, Inc. (NASDAQ:ASRT) have changed -28.45%. Short interest in the company has seen 3.73 Million shares shorted with days to cover at 0.22.
Wall Street analysts have a consensus price target for the stock at $1.55, which means that the shares’ value could jump 203.92% from the levels at last check today. The projected low price target is $1.55 while the price target rests at a high of $1.55. In that case, then, we find that the latest price level in today’s session is +203.92% off the targeted high while a plunge would see the stock lose 203.92% from the levels at last check today.
Assertio Holdings, Inc. (ASRT) estimates and forecasts
1 analysts offering their estimates for the company have set an average revenue estimate of $24.33 Million for the current quarter. 1 have an estimated revenue figure of $24.26 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $20.92 Million and $20.62 Million respectively for this quarter and the next, and analysts expect sales will grow by 16.3% for the current quarter and 17.7% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +26.6% over the past 5 years. Earnings growth for 2021 is a modest +91.3% while over the next 5 years, the company’s earnings are expected to increase by 25%.
Assertio Holdings, Inc. (NASDAQ:ASRT)’s Major holders
Insiders own 2.5% of the company shares, while shares held by institutions stand at 21.76% with a share float percentage of 22.31%. Investors are also buoyed by the number of investors in a company, with Assertio Holdings, Inc. having a total of 79 institutions that hold shares in the company. The top two institutional holders are Renaissance Technologies, LLC with over 6.52 Million shares worth more than $2.33 Million. As of December 30, 2020, Renaissance Technologies, LLC held 3.76% of shares outstanding.
The other major institutional holder is Highbridge Capital Management, LLC., with the holding of over 6.16 Million shares as of December 30, 2020. The firm’s total holdings are worth over $2.2 Million and represent 3.55% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Tekla Healthcare Opportunities Fund. As of December 30, 2020, the former fund manager holds about 1.09% shares in the company for having 1888318 shares of worth $675.26 Thousand while later fund manager owns 1.64 Million shares of worth $587.29 Thousand as of December 30, 2020, which makes it owner of about 0.95% of company’s outstanding stock.