In the last trading session, 1.71 million Assertio Holdings Inc (NASDAQ:ASRT) shares changed hands as the company’s beta touched 0.81. With the company’s per share price at $0.85 changed hands at -$0.08 or -7.89% during last session, the market valuation stood at $81.23M. ASRT’s last price was a discount, traded about -111.76% off its 52-week high of $1.80. The share price had its 52-week low at $0.73, which suggests the last value was 14.12% up since then. When we look at Assertio Holdings Inc’s average trading volume, we note the 10-day average is 1.11 million shares, with the 3-month average coming to 561.58K.
Analysts gave the Assertio Holdings Inc (ASRT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ASRT as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Assertio Holdings Inc’s EPS for the current quarter is expected to be -0.05.
Assertio Holdings Inc (NASDAQ:ASRT) trade information
Instantly ASRT was in red as seen at the end of in last trading. With action -16.47%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -20.37%, with the 5-day performance at -16.47% in the red. However, in the 30-day time frame, Assertio Holdings Inc (NASDAQ:ASRT) is -23.93% down. Looking at the short shares, we see there were 6.2 million shares sold at short interest cover period of 14.34 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2.88, meaning bulls need an upside of 70.49% from its current market value. According to analyst projections, ASRT’s forecast low is 2.75 with 3 as the target high. To hit the forecast high, the stock’s price needs a -252.94% plunge from its current level, while the stock would need to soar -223.53% for it to hit the projected low.
Assertio Holdings Inc (ASRT) estimates and forecasts
Data shows that the Assertio Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -15.64% over the past 6 months, a -132.73% in annual growth rate that is considerably lower than the industry average of 17.00%. Year-over-year growth is forecast to reach -20.00% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 29.3M. 3 analysts are of the opinion that Assertio Holdings Inc’s revenue for the current quarter will be 30.99M. The company’s revenue for the corresponding quarters a year ago was 32.98M and 32.45M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -11.20%. The estimates for the next quarter sales put growth at -4.50%.
The 2024 estimates are for Assertio Holdings Inc earnings to decrease by -132.73%, but the outlook for the next 5-year period is at 10.00% per year.
ASRT Dividends
Assertio Holdings Inc is expected to release its next quarterly earnings report in December.
Assertio Holdings Inc (NASDAQ:ASRT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.47% of Assertio Holdings Inc shares while 38.50% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 39.47%. There are 38.50% institutions holding the Assertio Holdings Inc stock share, with NANTAHALA CAPITAL MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 9.7608% of the shares, roughly 9.27 million ASRT shares worth $11.5 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.7063% or 4.47 million shares worth $5.54 million as of 2024-06-30.
