Assertio Holdings Inc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $2.37 on 11/06/23, while the lowest price for the same duration was marked at $0.73 on 04/25/24.
52-week price history of ASRT Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Assertio Holdings Inc’s current trading price is -58.12% away from its 52-week high, while its distance from the 52-week low is 35.51%. The stock’s price range during this period has spanned from $0.73 to $2.37. In the Healthcare sector, the Assertio Holdings Inc’s shares surpassed a trading volume of approximately 1.11 million for the day, which was noticeably higher compared to the average daily volume of 9.0.62 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Assertio Holdings Inc (ASRT) has experienced a quarterly decline of -34.05% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 94.62M and boasts a workforce of 53 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.2447, with a change in price of -0.0075. Similarly, Assertio Holdings Inc recorded 879,914 in trading volume during the last 100 days, posting a change of -0.75%.
Examining ASRT’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for ASRT stands at 0.31. Similarly, the long-term debt-to-equity ratio is also 0.30.
ASRT Stock Stochastic Average
Today, Assertio Holdings Inc’s raw stochastic average for the past 50 days stands at 2.32%, indicating a decline from the raw stochastic average of the last 20 days, which was 3.48%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 12.66% and 26.87% respectively.
ASRT Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price loss of -7.24% this year. Over the last six months, there has been a weaker performance of 26.42%. The price of ASRT leaped by -15.89% during the last 30 days period. For the last 5-days stocks have slided -14.44%.
