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Assertio Holdings Inc (ASRT) Stock: A Year of Stock Market Dynamics

Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Assertio Holdings Inc’s current trading price is -84.77% away from its 52-week high, while its distance from the 52-week low is 66.58%. The stock’s price range over this period has fluctuated between $0.73 and $8.01. The company, operating within the financial sector, had a trading volume of approximately 2.26 million for the day, which was noticeably higher than the average daily share volume of 0.96 million over the last 3 months.

Assertio Holdings Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $8.01 on 05/11/23 and a low of $0.73 for the same time frame on 04/25/24.

Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Assertio Holdings Inc (ASRT) has experienced a quarterly rise of 54.78% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 116.05M and boasts a workforce of 53 employees.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.9277, with a change in price of +0.1200. Similarly, Assertio Holdings Inc recorded 1,075,608 in trading volume during the last 100 days, posting a change of +10.91%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for ASRT stands at 0.30. Similarly, the long-term debt-to-equity ratio is also 0.29.

ASRT Stock Stochastic Average

Today’s raw stochastic average for Assertio Holdings Inc over the last 50 days is 93.30%.This indicates a increase from the raw stochastic average of the past 20 days, which was 93.30%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 94.44% and 88.85%, respectively.

ASRT Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant gain of 14.02% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -42.72%. Over the past 30 days, the price of ASRT has fallen by 28.72%. And in the last five days, it has surged by 43.87%.

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