Assertio Holdings Inc (NASDAQ:ASRT) does about 959.75K shares in volume on a normal day but saw 2262212 shares change hands in Monday trading. The company now has a market cap of 116.05M USD. Its current market price is $1.22, marking an increase of 18.45% compared to the previous close of $1.03. The 52 week high reached by this stock is $8.01 whilst the lowest price level in 52 weeks is $0.73.
Assertio Holdings Inc (ASRT) has a 20-day trading average at $0.8820 and the current price is -84.77% off the 52-week high compared with 66.58% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9293 and its 200-day simple moving average is $1.7964. If we look at the stock’s price movements over the week, volatility stands at 12.07%, which decreases to 8.55% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 74.31 to suggest the stock is overbought.
The consensus objective for the share price is $3.00, suggesting that the stock has a potential upside of 59.33% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 07, 2022 when Lake Street initiated the stock to “Buy” and issued a price target of $7.
Assertio Holdings Inc (ASRT) stock is up 43.87% over the week and 28.72% over the past month. Its price is 14.02% year-to-date and -79.32% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of -0.07 below consensus estimates by -0.2. The company’s next earnings report forecasts estimating quarterly EPS at -0.03 and -0.12 for whole year. Expected sales for next quarter are $29.81M, which analysts say will come at $117.35M for the current fiscal year and next year at $130.1M. In addition, estimates put the company’s current quarterly revenue at an average of $29.51M.
To reach the target analysts have set, the stock logically needs to grow 59.33 percent from here.
The company has a return on investment of -186.50% and return on equity of -182.52%. The forward price to earnings ratio is 244.00. The beta has a value of 0.91. Price to book ratio is 0.84 and price to sales ratio is 0.76.
