A share price of Assertio Holdings Inc [ASRT] is currently trading at $0.94, down -2.58%. An important factor to consider is whether the stock is rising or falling in short-term value. The ASRT shares have gain 15.95% over the last week, with a monthly amount drifted -5.21%, and not 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 $1.80. 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 $0.94 at the most recent close of the market. An investor can expect a potential return of 206.38% based on the average ASRT price forecast.
Analyzing the ASRT fundamentals
Trailing Twelve Months sales for Assertio Holdings Inc [NASDAQ:ASRT] were 125.76M which represents -18.03% decline. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.34%, and Net Profit Margin reading is -0.54%. To continue investigating profitability, this company’s Return on Assets is posted at -0.25, Equity is -0.51 and Total Capital is -0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.
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 0.9172 points at the first support level, and at 0.8936 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9772, and for the 2nd resistance point, it is at 1.0136.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Assertio Holdings Inc [NASDAQ:ASRT] is 2.01. On the other hand, the Quick Ratio is 1.57, and the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 0.70, the price to book ratio is 0.69.
Transactions by insiders
Recent insider trading involved Mason Heather L, Director, that happened on Nov 18 ’24 when 75000.0 shares were purchased. CEO, O’Grady Brendan P. completed a deal on Nov 14 ’24 to buy 11706.0 shares. Meanwhile, Director Vacirca Jeff L bought 10000.0 shares on Jun 11 ’24.
