During the last session, Assertio Holdings Inc (NASDAQ:ASRT)’s traded shares were 0.55 million, with the beta value of the company hitting 0.77. At the end of the trading day, the stock’s price was $0.88, reflecting an intraday gain of 4.05% or $0.03. The 52-week high for the ASRT share is $1.80, that puts it down -104.55 from that peak though still a striking 17.05% gain since the share price plummeted to a 52-week low of $0.73. The company’s market capitalization is $84.45M, and the average intraday trading volume over the past 10 days was 0.75 million shares, and the average trade volume was 759.78K 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 0.01.
Assertio Holdings Inc (NASDAQ:ASRT) trade information
Assertio Holdings Inc (ASRT) registered a 4.05% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.05% in intraday trading to $0.88, hitting a weekly high. The stock’s 5-day price performance is -1.72%, and it has moved by -11.45% in 30 days. Based on these gigs, the overall price performance for the year is -12.86%. The short interest in Assertio Holdings Inc (NASDAQ:ASRT) is 6.32 million shares and it means that shorts have 6.97 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies an increase of 70.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $3 respectively. As a result, ASRT is trading at a discount of -240.91% off the target high and -240.91% 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 down -38.58% during the last six months, with a year-to-date growth rate less than the industry average at -127.27% against 16.60. In the rating firms’ projections, revenue will decrease -20.13% 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 28.67M as predicted by 5 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 30.5M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 32.98M and 32.45M respectively. In this case, analysts expect current quarter sales to shrink by -13.07% and then drop by -6.01% in the coming quarter.
While earnings are projected to return -128.73% in 2025, the next five years will return 10.00% per annum.
ASRT Dividends
Assertio Holdings Inc is due to release its next quarterly earnings in February. 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 2.62% of total outstanding shares while institutional holders control 31.89%, with the float percentage being 32.74%. NANTAHALA CAPITAL MANAGEMENT, LLC is the largest shareholder of the company, while 100.0 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.
