At the end of the latest market close, Assertio Holdings Inc. (ASRT) was valued at $0.49. In that particular session, Stock kicked-off at the price of $0.4755 while reaching the peak value of $0.4949 and lowest value recorded on the day was $0.47. The stock current value is $0.45.
Recently in News on May 17, 2021, Assertio Holdings, Inc. Announces 1-for-4 Reverse Stock Split. Assertio Holdings, Inc. (“Assertio” or the “Company”) (NASDAQ: ASRT) today announced that it has filed a Certificate of Amendment to its certificate of incorporation (the “Certificate of Amendment”) to implement a one-to-four reverse split of its issued and outstanding common stock (the “Reverse Split”). The Reverse Split will become effective as of 12:01 a.m. Eastern Time on May 18, 2021, and the Company’s common stock will begin trading on a split-adjusted basis when the market opens on May 18, 2021. You can read further details here
Assertio Holdings Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $1.4500 on 02/09/21, with the lowest value was $0.3720 for the same time period, recorded on 01/04/21.
Assertio Holdings Inc. (ASRT) full year performance was -37.37%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Assertio Holdings Inc. shares are logging -69.09% during the 52-week period from high price, and 35.82% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.33 and $1.45.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 4658661 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Assertio Holdings Inc. (ASRT) recorded performance in the market was 37.67%, having the revenues showcasing -56.82% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 80.85M, as it employees total of 27 workers.
Analysts verdict on Assertio Holdings Inc. (ASRT)
During the last month, 1 analysts gave the Assertio Holdings Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 1 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.7018, with a change in the price was noted +0.0883. In a similar fashion, Assertio Holdings Inc. posted a movement of +24.82% for the period of last 100 days, recording 13,547,059 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ASRT is recording 0.80 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.68.
Assertio Holdings Inc. (ASRT): Technical Analysis
Raw Stochastic average of Assertio Holdings Inc. in the period of last 50 days is set at 3.93%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 11.59%. In the last 20 days, the company’s Stochastic %K was 11.35% and its Stochastic %D was recorded 10.85%.
Let’s take a glance in the erstwhile performances of Assertio Holdings Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 37.67%. Additionally, trading for the stock in the period of the last six months notably improved by 24.10%, alongside a downfall of -37.37% for the period of the last 12 months. The shares increased approximately by -13.63% in the 7-day charts and went down by -7.18% in the period of the last 30 days. Common stock shares were lifted by -56.82% during last recorded quarter.