The stock of Assertio Holdings Inc (NASDAQ:ASRT) last traded at $0.88, up 3.56% from the previous session.
ASRT stock price is now -10.46% away from the 50-day moving average and -20.57% away from the 200-day moving average. The market capitalization of the company currently stands at $84.96M.
With the price target of $3, Maxim Group recently initiated with Buy rating for Assertio Holdings Inc (NASDAQ: ASRT). On July 03, 2024, H.C. Wainwright recently initiated its ‘Buy’ rating on the stock quoting a target price of $4, while ‘Lake Street’ rates the stock as ‘Buy’
In other news, Mason Heather L, Director bought 75,000 shares of the company’s stock on Nov 18 ’24. The stock was bought for $60,000 at an average price of $0.80. Upon completion of the transaction, the Director now directly owns 287,650 shares in the company, valued at $0.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’24, CEO O’Grady Brendan P. bought 11,706 shares of the business’s stock. A total of $9,950 was incurred on buying the stock at an average price of $0.85. This leaves the insider owning 11,706 shares of the company worth $10301.28. A total of 2.79% of the company’s stock is owned by insiders.
During the past 12 months, Assertio Holdings Inc has had a low of $0.73 and a high of $1.80. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 2.01, and a quick ratio of 1.57. The fifty day moving average price for ASRT is $0.9832 and a two-hundred day moving average price translates $1.10325 for the stock.
The latest earnings results from Assertio Holdings Inc (NASDAQ: ASRT) was released for 2024-09-30. The net profit margin was -54.46% and return on equity was -42.36% for ASRT. The company reported revenue of $29.2 million for the quarter, compared to $35.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.03 percent. For the current quarter, analysts expect ASRT to generate $28.67M in revenue.
