Assertio Holdings Inc (NASDAQ: ASRT) is -8.64% lower on its value in year-to-date trading and has touched a low of $0.73 and a high of $1.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ASRT stock was last observed hovering at around $0.98 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.98, the stock is 3.29% and -7.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing -0.15% at the moment leaves the stock -10.83% off its SMA200. ASRT registered -15.00% loss for a year compared to 6-month gain of 4.59%. The firm has a 50-day simple moving average (SMA 50) of $1.0676 and a 200-day simple moving average (SMA200) of $1.0953.
The stock witnessed a -11.14% loss in the last 1 month and extending the period to 3 months gives it a -15.73%, and is 2.89% 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 7.22% over the week and 9.04% over the month.
Assertio Holdings Inc (ASRT) has around 53 employees, a market worth around $93.33M and $125.76M in sales. Profit margin for the company is -54.46%. Distance from 52-week low is 33.47% and -45.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-38.10%).
The EPS is expected to shrink by -128.73% this year
102.0 institutions hold shares in Assertio Holdings Inc (ASRT), with institutional investors hold 32.81% of the company’s shares. The shares outstanding are 94.67M, and float is at 88.97M with Short Float at 7.03%. Institutions hold 31.95% of the Float.
The top institutional shareholder in the company is NANTAHALA CAPITAL MANAGEMENT, LLC with over 9.27 million shares valued at $11.5 million. The investor’s holdings represent 9.7608 of the ASRT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.47 million shares valued at $5.54 million to account for 4.7063 of the shares outstanding. The other top investors are RENAISSANCE TECHNOLOGIES LLC which holds 2.38 million shares representing 2.5033 and valued at over $2.95 million, while AQR CAPITAL MANAGEMENT LLC holds 2.4298 of the shares totaling 2.31 million with a market value of $2.86 million.
Assertio Holdings Inc (ASRT) Insider Activity
The most recent transaction is an insider purchase by Mason Heather L, the company’s Director. SEC filings show that Mason Heather L bought 75,000 shares of the company’s common stock on Nov 18 ’24 at a price of $0.80 per share for a total of $60000.0. Following the purchase, the insider now owns 0.29 million shares.
Assertio Holdings Inc disclosed in a document filed with the SEC on Nov 14 ’24 that O’Grady Brendan P. (CEO) bought a total of 11,706 shares of the company’s common stock. The trade occurred on Nov 14 ’24 and was made at $0.85 per share for $9950.0. Following the transaction, the insider now directly holds 11706.0 shares of the ASRT stock.
Still, SEC filings show that on Jun 11 ’24, Vacirca Jeff L (Director) acquired 10,000 shares at an average price of $1.11 for $11100.0. The insider now directly holds 151,159 shares of Assertio Holdings Inc (ASRT).
