Assertio Holdings Inc (NASDAQ: ASRT) is 1.87% higher on its value in year-to-date trading and has touched a low of $0.77 and a high of $8.01 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 $1.14 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $1.09, the stock is 23.95% and 23.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.71 million and changing -4.39% at the moment leaves the stock -59.43% off its SMA200. ASRT registered -81.59% loss for a year compared to 6-month loss of -62.93%. The firm has a 50-day simple moving average (SMA 50) of $0.47 and a 200-day simple moving average (SMA200) of -$0.32.
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The stock witnessed a 36.01% gain in the last 1 month and extending the period to 3 months gives it a 3.81%, and is 19.56% up 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 13.06% over the week and 7.71% over the month.
Assertio Holdings Inc (ASRT) has around 53 employees, a market worth around $103.55M and $152.07M in sales. Fwd P/E is 218.00. Profit margin for the company is -218.28%. Distance from 52-week low is 41.56% and -86.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-186.50%).
Assertio Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $29.51M over the same period.The EPS is expected to shrink by -121.82% this year, but quarterly earnings will post -22.80% year-over-year. Quarterly sales are estimated to shrink -30.50% in year-over-year returns.
153 institutions hold shares in Assertio Holdings Inc (ASRT), with institutional investors hold 50.95% of the company’s shares. The shares outstanding are 94.67M, and float is at 89.37M with Short Float at 10.97%. Institutions hold 50.11% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 3.88 million shares valued at $21.04 million. The investor’s holdings represent 6.87% of the ASRT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 2.76 million shares valued at $14.98 million to account for 4.89% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 1.56 million shares representing 2.77% and valued at over $8.47 million, while Intrinsic Edge Capital Management LLC holds 2.12% of the shares totaling 1.2 million with a market value of $6.5 million.
Assertio Holdings Inc (ASRT) Insider Activity
The most recent transaction is an insider sale by Peisert Daniel A., the company’s President & CEO. SEC filings show that Peisert Daniel A. sold 31,121 shares of the company’s common stock on Sep 12 ’23 at a price of $2.97 per share for a total of $92432.0. Following the sale, the insider now owns 0.32 million shares.
Assertio Holdings Inc disclosed in a document filed with the SEC on Sep 11 ’23 that Peisert Daniel A. (President & CEO) sold a total of 127,281 shares of the company’s common stock. The trade occurred on Sep 11 ’23 and was made at $3.04 per share for $0.39 million. Following the transaction, the insider now directly holds 0.36 million shares of the ASRT stock.
Still, SEC filings show that on Sep 11 ’23, Schwichtenberg Paul (SVP and CFO) disposed off 104,980 shares at an average price of $3.07 for $0.32 million. The insider now directly holds 64,313 shares of Assertio Holdings Inc (ASRT).
