Assertio Holdings Inc. (NASDAQ: ASRT) is 202.01% higher on its value in year-to-date trading and has touched a low of $0.33 and a high of $1.45 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ASRT stock was last observed hovering at around $1.05 in the last trading session, with the day’s gains setting it 0.03% off its average median price target of $2.13 for the next 12 months. It is also 69.14% off the consensus price target high of $3.50 offered by 3 analysts, but current levels are -44.0% lower than the price target low of $0.75 for the same period.
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Currently trading at $1.08, the stock is 23.54% and 71.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 22.39 million and changing 2.86% at the moment leaves the stock 49.12% off its SMA200. ASRT registered -19.40% loss for a year compared to 6-month loss of 27.87%. The firm has a 50-day simple moving average (SMA 50) of $0.7697 and a 200-day simple moving average (SMA200) of $0.6479.
The stock witnessed a 63.54% gain in the last 1 month and extending the period to 3 months gives it a 206.82%, and is -0.92% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.26% over the week and 16.32% over the month.
Assertio Holdings Inc. (ASRT) has around 125 employees, a market worth around $173.01M and $135.30M in sales. Fwd P/E is 9.82. Distance from 52-week low is 227.27% and -25.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-39.80%).
Assertio Holdings Inc. (ASRT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Assertio Holdings Inc. (ASRT) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.50, where 1 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Assertio Holdings Inc. quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $29.36M over the same period.The EPS is expected to shrink by -634.30% this year, but quarterly earnings will post -53.50% year-over-year. Quarterly sales are estimated to shrink -50.40% in year-over-year returns.
Assertio Holdings Inc. (ASRT) Top Institutional Holders
94 institutions hold shares in Assertio Holdings Inc. (ASRT), with 4.17M shares held by insiders accounting for 3.89% while institutional investors hold 46.43% of the company’s shares. The shares outstanding are 119.56M, and float is at 105.44M with Short Float at 2.37%. Institutions hold 44.62% of the Float.
The top institutional shareholder in the company is Renaissance Technologies, LLC with over 6.52 million shares valued at $2.33 million. The investor’s holdings represent 5.76% of the ASRT Shares outstanding. As of Sep 29, 2020, the second largest holder is Highbridge Capital Management, LLC. with 6.16 million shares valued at $4.1 million to account for 5.44% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 3.83 million shares representing 3.38% and valued at over $2.55 million, while Acadian Asset Management holds 3.07% of the shares totaling 3.48 million with a market value of $2.32 million.
Assertio Holdings Inc. (ASRT) Insider Activity
The most recent transaction is an insider sale by CR Group L.P., the company’s 10% Owner. SEC filings show that CR Group L.P. sold 1,982,851 shares of the company’s common stock on Dec 24 at a price of $0.37 per share for a total of $0.73 million. Following the sale, the insider now owns 0.2 million shares.
Assertio Holdings Inc. disclosed in a document filed with the SEC on Dec 23 that CR Group L.P. (10% Owner) sold a total of 6,784,334 shares of the company’s common stock. The trade occurred on Dec 23 and was made at $0.37 per share for $2.54 million. Following the transaction, the insider now directly holds 2.18 million shares of the ASRT stock.
Still, SEC filings show that on Dec 22, CR Group L.P. (10% Owner) disposed off 1,500,000 shares at an average price of $0.34 for $0.51 million. The insider now directly holds 8,967,185 shares of Assertio Holdings Inc. (ASRT).