Assertio Holdings Inc. (NASDAQ:ASRT)’s traded shares stood at 2.15 million during the last session, with the company’s beta value hitting 1.36. At the close of trading, the stock’s price was $5.68, to imply a decrease of -4.05% or -$0.24 in intraday trading. The ASRT share’s 52-week high remains $7.00, putting it -23.24% down since that peak but still an impressive 67.25% since price per share fell to its 52-week low of $1.86. The company has a valuation of $318.25M, with an average of 3.5 million shares in intraday trading volume over the past 10 days and average of 1.82 million shares over the past 3 months.
Assertio Holdings Inc. (NASDAQ:ASRT) trade information
After registering a -4.05% downside in the last session, Assertio Holdings Inc. (ASRT) has traded red over the past five days. The stock hit a weekly high of 7.00 this Wednesday, 03/15/23, dropping -4.05% in its intraday price action. The 5-day price performance for the stock is -4.70%, and 17.11% over 30 days. With these gigs, the year-to-date price performance is 32.09%. Short interest in Assertio Holdings Inc. (NASDAQ:ASRT) saw shorts transact 8.43 million shares and set a 7.56 days time to cover.
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Assertio Holdings Inc. (ASRT) estimates and forecasts
Looking at statistics comparing Assertio Holdings Inc. share performance against respective industry, we note that the company has underperformed competitors. Assertio Holdings Inc. (ASRT) shares are 123.62% up over the last 6 months, with its year-to-date growth rate lower than industry average at -74.88% against 11.00%. Revenue is forecast to grow 110.00% this quarter before falling -35.00% for the next one. The rating firms project that company’s revenue will grow 37.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is $46.82 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $37.39 million.Earnings reports from the last fiscal year show that sales brought in $33.33 million and $36.54 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 40.50% before jumping 2.30% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 65.20% for the past 5-year period. While 2023 is set for a 97.20% return in earnings, projections for the next 5 years are at 25.00% annually.
Assertio Holdings Inc. has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Assertio Holdings Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Assertio Holdings Inc. (NASDAQ:ASRT)’s Major holders
Assertio Holdings Inc. insiders hold 1.78% of total outstanding shares, with institutional holders owning 36.23% of the shares at 36.89% float percentage. In total, 36.23% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 2.11 million shares (or 4.37% of shares), all amounting to roughly $4.79 million.
The next major institution holding the largest number of shares is Acadian Asset Management. LLC with 1.58 million shares, or about 3.26% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $3.58 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Assertio Holdings Inc. (ASRT) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 1.38 million shares. This is just over 2.86% of the total shares, with a market valuation of $3.14 million. Data from the same date shows that the other fund manager holds a little less at 0.62 million, or 1.27% of the shares, all valued at about 1.4 million.