Assertio Holdings Inc. (NASDAQ:ASRT) went down by -0.55% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the Drug Manufacturers – Specialty & Generic giant went up by $0.82 to trade ended Monday trading at $0.82. This is up from the $0.82 price recorded on Thursday’s trading session. Thanks to this latest performance, ASRT is closer to the higher price 52-week target of $3.50 and further from the lowest price target of $1.35. Its performance from the start of the year has also been negative, with ASRT down by -34.76% year-to-date.
Assertio Holdings Inc. (ASRT) started the day trading at $0.81 and recorded an intraday high of $0.8365. It also recorded an intraday low of $0.81 during Monday’s trading session. Assertio Holdings Inc. is a very active stock that recorded a trading volume that is less than -151.08% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 577495, which is less than -151.08 of the total average daily trading volume of 1.45 million.
Assertio Holdings Inc. (NASDAQ:ASRT) 2020 Performance Impressive
The increase in ASRT’s stock price on Monday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of ASRT currently stands at $3.55, which is higher than the current trading price of the stock by 76.9%. However, ASRT’s current trading price is -49.09% lower than the 52-week low price of $0.55. In terms of trading volume, Assertio Holdings Inc. currently experienced healthy participation during the last trading session. 577495 shares of Assertio Holdings Inc. were traded on the stock exchange on Monday, which is less than -151.08% of the 1.45 million average trading volume of the stock.
The performance of the stock has been positive over the past year. ASRT’s performance over the past one year has seen it plunge by -75.58%, while the stock has gone down by -26.53% in the last six months. The quarterly performance of ASRT currently stands at 28.51%, and it is down by -18.38% in the last month. The only negative figure was from the weekly performance, which currently reads -0.74%. At the time of writing ASRT’s report, the company has a total market cap of $86.62M, making it one of the largest publicly-traded companies in the world.Assertio Holdings Inc. also has over 125 employees all over the world.
ASRT Insider Activities
For Assertio Holdings Inc., insiders hold 52.00% of all company shares. The insider transactions over the past six months are down by -169.00%. During that period, insiders bought 299,313 shares in 9 transactions. In that same period, insiders sold 104,706 of their shares in 8 transactions. After these transactions, insiders at Assertio Holdings Inc. now hold 1.23M shares, which is over 79.63% of the total company stocks. Institutional investors currently hold a large chunk of the ASRT shares, as they control 1.52% of the company’s total stock.
ASRT Fundamental Analysis
For Assertio Holdings Inc., the stock’s diluted earnings per share (EPS) stands at -1.97. In the coming year, analysts expect the EPS to be 0.15. The EPS growth will up over the next five years to 25.00% after plunging by -28.50% in the previous five years. In terms of revenue, Assertio Holdings Inc.’s quarterly sales (YOY) is shrinking at -0.03, which is higher than the average annual revenue of -28.50% over the past half a decade.
The Return on Investment (ROI) on Assertio Holdings Inc.’s stock currently stands at -39.80%, and it has a net profit margin of -84.00%. The operating margin of the company is -55.90%, and its gross margin is 95.70%.
ASRT Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of ASRT currently stands at -8.99%, while the SMA50 is -7.60%. The biggest one is the SMA200, which is currently reading -16.81% ahead of Monday’s trading session. The Relative Strength Index of this stock is 41.75.