Ready to Jump After Recent Trade: Assertio Holdings Inc (ASRT)

With 0.74 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.5 shares. The 52-week range on ASRT shows that it touched its highest point at $8.01 and its lowest point at $0.77 during that stretch. It currently has a 1-year price target of $3.50. Beta for the stock currently stands at 0.95.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ASRT was up-trending over the past week, with a rise of 2.03%, but this was down by -13.81% over a month. Three-month performance dropped to -62.40% while six-month performance fell -74.33%. The stock lost -82.63% in the past year, while it has lost -25.15% so far this year. A look at the trailing 12-month EPS for ASRT yields -2.05 with Next year EPS estimates of 0.00. For the next quarter, that number is 0.00. This implies an EPS growth rate of -67.23% for this year and -100.00% for next year.

Float and Shares Shorts:

At present, 94.67 million ASRT shares are outstanding with a float of 89.16 million shares on hand for trading. On Jan 31, 2024, short shares totaled 9.44 million, which was 9.97% higher than short shares on Dec 29, 2023. In addition to ASRT as the firm’s Assertio Holdings, Inc., ASTR serves as its Astra Space, Inc..

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASRT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ASRT analysts setting a high price target of $4.00 and a low target of $3.00, the average target price over the next 12 months is $3.50. Based on these targets, ASRT could surge 400.0% to reach the target high and rise by 275.0% to reach the target low. Reaching the average price target will result in a growth of 337.5% from current levels.

Summary of Insider Activity:

Insiders traded ASRT stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 177,570 shares were bought while 0 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 1,682,412 while 1,441,318 shares were sold.