In the latest trading session, 1.0 million Assertio Holdings Inc. (NASDAQ:ASRT) shares changed hands as the company’s beta touched 1.52. With the company’s most recent per share price at $1.52 changed hands at -$0.07 or -4.40% at last look, the market valuation stands at $72.47M. ASRT’s current price is a discount, trading about -281.58% off its 52-week high of $5.80. The share price had its 52-week low at $1.32, which suggests the last value was 13.16% up since then. When we look at Assertio Holdings Inc.’s average trading volume, we note the 10-day average is 0.76 million shares, with the 3-month average coming to 1.75 million.
Analysts gave the Assertio Holdings Inc. (ASRT) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ASRT as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Assertio Holdings Inc.’s EPS for the current quarter is expected to be $0.12.
Assertio Holdings Inc. (NASDAQ:ASRT) trade information
Instantly ASRT was in red as seen in intraday trades today. With action -14.05%, the performance over the past five days has been red. The drop to weekly highs of 1.7894 on Monday, 06/21/21 subtracted -4.40% to the stock’s daily price. The company’s shares are showing year-to-date upside of 11.16%, with the 5-day performance at -14.05% in the red. However, in the 30-day time frame, Assertio Holdings Inc. (NASDAQ:ASRT) is 6.71% up. Looking at the short shares, we see there were 1.26 million shares sold at short interest cover period of 0.55 days.
The consensus price target for the stock as assigned by Wall Street analysts is $6.20, meaning bulls need an upside of 75.48% from its recent market value. According to analyst projections, ASRT’s forecast low is $6.20 with $6.20 as the target high. To hit the forecast high, the stock’s price needs a -307.89% plunge from its current level, while the stock would need to soar -307.89% for it to hit the projected low.
Assertio Holdings Inc. (ASRT) estimates and forecasts
Data shows that the Assertio Holdings Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -0.25% over the past 6 months, a -111.11% in annual growth rate that is considerably lower than the industry average of 15.90%. Year-over-year growth is forecast to reach -11.60% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $24.26 million. 1 analysts are of the opinion that Assertio Holdings Inc.’s revenue for the quarter ending Sep 2021 will be $24.78 million. The company’s revenue for the corresponding quarters a year ago was $20.62 million and $34.56 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.70%. The estimates for the next quarter sales put growth at -28.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 26.60%. The 2021 estimates are for Assertio Holdings Inc. earnings to increase by 91.30%, but the outlook for the next 5-year period is at 25.00% per year.
Assertio Holdings Inc. is expected to release its next quarterly earnings report in July.
Assertio Holdings Inc. (NASDAQ:ASRT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.36% of Assertio Holdings Inc. shares while 23.07% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 23.63%. There are 23.07% institutions holding the Assertio Holdings Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 1.14% of the shares, roughly 1.98 million ASRT shares worth $5.41 million.
Highbridge Capital Management, LLC. holds the second largest percentage of outstanding shares, with 0.89% or 1.54 million shares worth $4.2 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 1.24 million shares estimated at $3.39 million under it, the former controlled 0.72% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.39% of the shares, roughly 0.67 million shares worth around $1.84 million.