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Does Assertio Holdings Inc.’s (NASDAQ:ASRT) Current Price Make It Worth Investing In?

During the last session, Assertio Holdings Inc. (NASDAQ:ASRT)’s traded shares were 1.14 million, with the beta value of the company hitting 1.56. At the end of the trading day, the stock’s price was $4.00, reflecting an intraday gain of 10.50% or $0.38. The 52-week high for the ASRT share is $4.14, that puts it down -3.5 from that peak though still a striking 78.75% gain since the share price plummeted to a 52-week low of $0.85. The company’s market capitalization is $160.32M, and the average intraday trading volume over the past 10 days was 1.53 million shares, and the average trade volume was 1.04 million shares over the past three months.

Assertio Holdings Inc. (ASRT) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. ASRT has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.08.

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Assertio Holdings Inc. (NASDAQ:ASRT) trade information

Assertio Holdings Inc. (ASRT) registered a 10.50% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 10.50% in intraday trading to $4.00 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 9.89%, and it has moved by 25.79% in 30 days. Based on these gigs, the overall price performance for the year is 210.08%. The short interest in Assertio Holdings Inc. (NASDAQ:ASRT) is 0.94 million shares and it means that shorts have 0.97 day(s) to cover.

The consensus price target of analysts on Wall Street is $5.83, which implies an increase of 31.39% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.50 and $6.00 respectively. As a result, ASRT is trading at a discount of -50.0% off the target high and -37.5% off the low.

Assertio Holdings Inc. (ASRT) estimates and forecasts

Statistics show that Assertio Holdings Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Assertio Holdings Inc. (ASRT) shares have gone up 56.86% during the last six months, with a year-to-date growth rate more than the industry average at 1,433.33% against 11.20. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 125.00% this quarter and then drop -12.50% in the quarter after that. In the rating firms’ projections, revenue will increase 18.70% compared to the previous financial year.

Revenue for the current quarter is expected to be $31.78 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $31.55 million by the end of Sep 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 65.20%. While earnings are projected to return 97.20% in 2022, the next five years will return 25.00% per annum.

ASRT Dividends

Assertio Holdings Inc. is due to release its next quarterly earnings between March 09 and March 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Assertio Holdings Inc. (NASDAQ:ASRT)’s Major holders

Assertio Holdings Inc. insiders own 1.84% of total outstanding shares while institutional holders control 21.71%, with the float percentage being 22.12%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 69 institutions own stock in it. As of Mar 30, 2022, the company held over 1.81 million shares (or 3.98% of all shares), a total value of $5.19 million in shares.

The next largest institutional holding, with 1.2 million shares, is of Friess Associates LLC’s that is approximately 2.63% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $3.43 million.

Also, the Mutual Funds coming in first place with the largest holdings of Assertio Holdings Inc. (ASRT) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 1.14 million shares. This amounts to just over 2.51 percent of the company’s overall shares, with a $3.27 million market value. The same data shows that the other fund manager holds slightly less at 0.61 million, or about 1.34% of the stock, which is worth about $1.75 million.

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