At the time of writing, Assertio Holdings Inc [ASRT] stock is trading at $0.93, up 2.52%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ASRT shares have gain 5.92% over the last week, with a monthly amount glided 17.87%, and seem to be holding up well over a long-time horizon.
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On 11, March 2024, Assertio Reports Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Fourth Quarter Net Product Sales $32.5 Million, Cash Flow from Operations of $5.7 Million.
From an analyst’s perspective:
Assertio Holdings Inc [NASDAQ: ASRT] stock has seen the most recent analyst activity on November 07, 2022, when Lake Street initiated its Buy rating and assigned the stock a price target of $7. Previously, Mizuho downgraded its rating to Neutral on November 30, 2018.
For the past year, the stock price of Assertio Holdings Inc fluctuated between $0.77 and $8.01. Assertio Holdings Inc [NASDAQ: ASRT] shares were valued at $0.93 at the most recent close of the market.
Analyzing the ASRT fundamentals
According to Assertio Holdings Inc [NASDAQ:ASRT], the company’s sales were 169.43M for trailing twelve months, which represents an 4.14% jump. Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at -1.06%, Pretax Profit Margin comes in at -1.26%, and Net Profit Margin reading is -1.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.49, Equity is -0.81 and Total Capital is -0.68. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.9031 points at the first support level, and at 0.8716 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9631, and for the 2nd resistance point, it is at 0.9916.
Assertio Holdings Inc [ASRT] reported earnings per share of -$3.42 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.07/share, meaning a difference of -$3.49 and a surprise factor of -4,985.70%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.13 per share as compared to estimates of $0.14 per share, a difference of -$0.01 representing a surprise of -7.10%.
Ratios To Look Out For
It is important to note that Assertio Holdings Inc [NASDAQ:ASRT] has a current ratio of 1.68. As well, the Quick Ratio is 1.29, while the Cash Ratio is 0.67. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 0.46.
Transactions by insiders
Recent insider trading involved Peisert Daniel A., President & CEO, that happened on Sep 12 ’23 when 31121.0 shares were sold. President & CEO, Peisert Daniel A. completed a deal on Sep 11 ’23 to sell 0.13 million shares. Meanwhile, SVP and CFO Schwichtenberg Paul sold 0.1 million shares on Sep 11 ’23.
