During the last session, Assertio Holdings Inc (NASDAQ:ASRT)’s traded shares were 0.33 million, with the beta value of the company hitting 0.82. At the end of the trading day, the stock’s price was $1.11, reflecting an intraday gain of 2.78% or $0.03. The 52-week high for the ASRT share is $2.53, that puts it down -127.93 from that peak though still a striking 34.23% gain since the share price plummeted to a 52-week low of $0.73. The company’s market capitalization is $105.83M, and the average intraday trading volume over the past 10 days was 0.46 million shares, and the average trade volume was 723.72K shares over the past three months.
Assertio Holdings Inc (ASRT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. 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 0 suggest Overweight, and 2 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 -0.04.
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Assertio Holdings Inc (NASDAQ:ASRT) trade information
Assertio Holdings Inc (ASRT) registered a 2.78% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.78% in intraday trading to $1.11, hitting a weekly high. The stock’s 5-day price performance is -2.63%, and it has moved by -12.60% in 30 days. Based on these gigs, the overall price performance for the year is -53.94%. The short interest in Assertio Holdings Inc (NASDAQ:ASRT) is 6.24 million shares and it means that shorts have 13.98 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.88, which implies an increase of 61.46% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.75 and $3 respectively. As a result, ASRT is trading at a discount of -170.27% off the target high and -147.75% off the low.
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 up 27.85% during the last six months, with a year-to-date growth rate less than the industry average at -130.91% against 19.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 98.80% this quarter and then jump 91.80% in the quarter after that. In the rating firms’ projections, revenue will decrease -20.00% 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 28.87M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 29.3M by the end of current fiscal year.
While earnings are projected to return -132.73% in 2024, the next five years will return 10.00% per annum.
ASRT Dividends
Assertio Holdings Inc is due to release its next quarterly earnings on 2024-Nov-06. 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 2.47% of total outstanding shares while institutional holders control 38.71%, with the float percentage being 39.69%. NANTAHALA CAPITAL MANAGEMENT, LLC is the largest shareholder of the company, while 121.0 institutions own stock in it. As of 2024-06-30, the company held over 9.27 million shares (or 9.7608% of all shares), a total value of $11.5 million in shares.
The next largest institutional holding, with 4.47 million shares, is of VANGUARD GROUP INC’s that is approximately 4.7063% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.54 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 Russell Inv Co- Tax-Managed U.S. Mid & Small Cap Fund . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.01 shares. This amounts to just over 3.16 percent of the company’s overall shares, with a $3.34 million market value. The same data shows that the other fund manager holds slightly less at 1.38, or about 1.45% of the stock, which is worth about $1.53 million.
