In the last trading session, 1.97 million shares of the Assertio Holdings Inc (NASDAQ:ASRT) were traded, and its beta was 0.82. Most recently the company’s share price was $0.97, and it changed around $0.13 or 15.83% from the last close, which brings the market valuation of the company to $93.08M. ASRT currently trades at a discount to its 52-week high of $1.80, offering almost -85.57% off that amount. The share price’s 52-week low was $0.73, which indicates that the current value has risen by an impressive 24.74% since then. We note from Assertio Holdings Inc’s average daily trading volume that its 10-day average is 1.3 million shares, with the 3-month average coming to 571.51K.
Assertio Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended ASRT as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Assertio Holdings Inc is expected to report earnings per share of 0.01 for the current quarter.
Assertio Holdings Inc (NASDAQ:ASRT) trade information
Instantly ASRT has showed a green trend with a performance of 15.83% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.0800 on recent trading dayincreased the stock’s daily price by 10.19%. The company’s shares are currently down -8.89% year-to-date, but still up 14.42% over the last five days. On the other hand, Assertio Holdings Inc (NASDAQ:ASRT) is -15.23% down in the 30-day period. We can see from the shorts that 6.09 million shares have been sold at a short interest cover period of 14.28 day(s).
The consensus price target as assigned by Wall Street analysts is $2.88, which translates to bulls needing to increase their stock price by 66.32% from its current value. Analyst projections state that ASRT is forecast to be at a low of $2.75 and a high of $3.
Assertio Holdings Inc (ASRT) estimates and forecasts
Assertio Holdings Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -4.42 percent over the past six months and at a -132.73% annual growth rate that is well below the industry average of 16.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -87.88% in revenue this quarter, and will report a decrease of -75.00% in the next quarter. The year-over-year growth rate is expected to be -20.34%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 28.36M in revenue for the current quarter. 3 analysts expect Assertio Holdings Inc to make 30.5M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 32.98M and 32.45M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -14.03%. Forecasts for the next quarter put sales growth at -6.01%.
Assertio Holdings Inc earnings are expected to increase by -129.09% in 2024, but the outlook is positive 10.00% per year for the next five years.
ASRT Dividends
Assertio Holdings Inc’s next quarterly earnings report is expected to be released in December.
Assertio Holdings Inc (NASDAQ:ASRT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.54% of Assertio Holdings Inc shares, and 31.98% of them are in the hands of institutional investors. The stock currently has a share float of 32.81%. Assertio Holdings Inc stock is held by 103.0 institutions, with NANTAHALA CAPITAL MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 9.7608% of the shares, which is about 9.27 million shares worth $11.5 million.
VANGUARD GROUP INC, with 4.7063% or 4.47 million shares worth $5.54 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
