Assertio Holdings Inc [ASRT] stock prices are up 13.64% to $1.75 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ASRT shares have gain 9.38% over the last week, with a monthly amount glided 68.27%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Assertio Holdings Inc [NASDAQ: ASRT] stock has seen the most recent analyst activity on July 03, 2024, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $4. Previously, Lake Street started tracking the stock with Buy rating on November 07, 2022, and set its price target to $7. On November 30, 2018, downgrade downgraded it’s rating to Neutral.
The stock price of Assertio Holdings Inc [ASRT] has been fluctuating between $0.73 and $5.78 over the past year. Currently, Wall Street analysts expect the stock to reach $2.75 within the next 12 months. Assertio Holdings Inc [NASDAQ: ASRT] shares were valued at $1.75 at the most recent close of the market. An investor can expect a potential return of 57.14% based on the average ASRT price forecast.
Analyzing the ASRT fundamentals
The Assertio Holdings Inc [NASDAQ:ASRT] reported sales of 142.05M for trailing twelve months, representing a drop of -23.59%. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at -1.59%, Pretax Profit Margin comes in at -1.78%, and Net Profit Margin reading is -2.34%. To continue investigating profitability, this company’s Return on Assets is posted at -1.18, Equity is -1.85 and Total Capital is -1.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
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 1.6133 points at the first support level, and at 1.4767 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8233, and for the 2nd resistance point, it is at 1.8967.
Ratios To Look Out For
It’s worth pointing out that Assertio Holdings Inc [NASDAQ:ASRT]’s Current Ratio is 1.87. Also, the Quick Ratio is 1.45, while the Cash Ratio stands at 0.87. Considering the valuation of this stock, the price to sales ratio is 1.17, the price to book ratio is 1.24.
Transactions by insiders
Recent insider trading involved Vacirca Jeff L, Director, that happened on Jun 11 ’24 when 10000.0 shares were purchased. Interim Executive Officer, Mason Heather L completed a deal on Jun 05 ’24 to buy 25000.0 shares. Meanwhile, Director Tyree James L sold 10251.0 shares on Mar 14 ’24.
