A share price of Assertio Holdings Inc [ASRT] is currently trading at $1.35, up 3.85%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ASRT shares have gain 6.30% over the last week, with a monthly amount glided 7.14%, 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 26, 2024, when Maxim Group initiated its Buy rating and assigned the stock a price target of $3. Previously, H.C. Wainwright started tracking the stock with Buy rating on July 03, 2024, and set its price target to $4. On November 07, 2022, Lake Street initiated with a Buy rating and assigned a price target of $7 on the stock. Mizuho downgraded its rating to a Neutral.
Assertio Holdings Inc experienced fluctuations in its stock price throughout the past year between $0.73 and $2.70. Currently, Wall Street analysts expect the stock to reach $2.88 within the next 12 months. Assertio Holdings Inc [NASDAQ: ASRT] shares were valued at $1.35 at the most recent close of the market. An investor can expect a potential return of 113.33% based on the average ASRT price forecast.
Analyzing the ASRT fundamentals
Trailing Twelve Months sales for Assertio Holdings Inc [NASDAQ:ASRT] were 132.19M which represents -24.07% decline. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at -1.81%, Pretax Profit Margin comes in at -2.03%, and Net Profit Margin reading is -2.61%. To continue investigating profitability, this company’s Return on Assets is posted at -1.23, Equity is -2.31 and Total Capital is -1.28. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.3.
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 1.3200 points at the first support level, and at 1.2900 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.3750, and for the 2nd resistance point, it is at 1.4000.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Assertio Holdings Inc [NASDAQ:ASRT] is 1.93. In addition, the Quick Ratio stands at 1.51 and the Cash Ratio stands at 0.49. Considering the valuation of this stock, the price to sales ratio is 0.97, the price to book ratio is 0.97.
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.
