During the last session, Assertio Holdings Inc (NASDAQ:ASRT)’s traded shares were 2.9 million, with the beta value of the company hitting 1.01. At the end of the trading day, the stock’s price was $0.79, reflecting an intraday loss of -9.30% or -$0.08. The 52-week high for the ASRT share is $8.01, that puts it down -913.92 from that peak though still a striking 5.06% gain since the share price plummeted to a 52-week low of $0.75. The company’s market capitalization is $74.68M, and the average trade volume was 916.89K shares over the past three months.
Assertio Holdings Inc (NASDAQ:ASRT) trade information
Assertio Holdings Inc (ASRT) registered a -9.30% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -9.30% in intraday trading to $0.79, hitting a weekly high. The stock’s 5-day price performance is 4.12%, and it has moved by -23.03% in 30 days. Based on these gigs, the overall price performance for the year is -85.38%.
Assertio Holdings Inc (ASRT) estimates and forecasts
Statistics show that Assertio Holdings Inc has underperformed its competitors in share price, compared to the industry in which it operates. Assertio Holdings Inc (ASRT) shares have gone down -65.26% during the last six months, with a year-to-date growth rate less than the industry average at -107.27% against 10.20. In the rating firms’ projections, revenue will decrease -22.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 29.51M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 29.81M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 42.47M and 39.83M respectively. In this case, analysts expect current quarter sales to shrink by -30.50% and then drop by -25.20% in the coming quarter.
While earnings are projected to return -121.82% in 2024, the next five years will return 25.00% per annum.
ASRT Dividends
Assertio Holdings Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
