Assertio Holdings Inc (NASDAQ:ASRT)’s traded shares stood at 0.35 million during the last session, with the company’s beta value hitting 0.79. At the close of trading, the stock’s price was $1.22, to imply a decrease of -3.94% or -$0.05 in intraday trading. The ASRT share’s 52-week high remains $3.05, putting it -150.0% down since that peak but still an impressive 40.16% since price per share fell to its 52-week low of $0.73. The company has a valuation of $116.31M, with an average of 0.43 million shares in intraday trading volume over the past 10 days and average of 1.12 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Assertio Holdings Inc (ASRT), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give ASRT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.04.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Assertio Holdings Inc (NASDAQ:ASRT) trade information
After registering a -3.94% downside in the last session, Assertio Holdings Inc (ASRT) has traded red over the past five days. The 5-day price performance for the stock is -3.17%, and 14.02% over 30 days. With these gigs, the year-to-date price performance is 14.02%. Short interest in Assertio Holdings Inc (NASDAQ:ASRT) saw shorts transact 6.2 million shares and set a 7.57 days time to cover.
The extremes give us $2.75 and $3 for target low and target high price respectively. As such, ASRT has been trading -145.9% off suggested target high and -125.41% from its likely low.
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 11.93% up over the last 6 months, with its year-to-date growth rate lower than industry average at -130.91% against 19.70%. Revenue is forecast to grow 98.80% this quarter before jumping 91.80% for the next one. The rating firms project that company’s revenue will shrink -20.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 28.87M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 29.3M.
ASRT Dividends
Assertio Holdings Inc has its next earnings report out on 2024-Nov-06. 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 (NASDAQ:ASRT)’s Major holders
Assertio Holdings Inc insiders hold 2.47% of total outstanding shares, with institutional holders owning 40.39% of the shares at 41.42% float percentage. In total, 40.39% institutions holds shares in the company, led by NANTAHALA CAPITAL MANAGEMENT, LLC. As of 2024-06-30, the company held over 9.27 million shares (or 9.7608% of shares), all amounting to roughly $11.5 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 4.47 million shares, or about 4.7063% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $5.54 million.
