With 0.69 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.94 million 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 $3.00. Beta for the stock currently stands at 1.00.
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 down-trending over the past week, with a drop of -4.43%, but this was down by -12.64% over a month. Three-month performance dropped to -5.05% while six-month performance fell -64.57%. The stock lost -84.87% in the past year, while it has lost -17.54% so far this year. A look at the trailing 12-month EPS for ASRT yields -3.97 with Next year EPS estimates of 0.01. For the next quarter, that number is -0.03. This implies an EPS growth rate of -121.82% for this year and 104.17% for next year.
Float and Shares Shorts:
At present, 94.67 million ASRT shares are outstanding with a float of 89.37 million shares on hand for trading. On Mar 15, 2024, short shares totaled 10.73 million, which was 11.30% higher than short shares on Feb 15, 2024. In addition to ASRT as the firm’s Assertio Holdings, Inc., ASTR serves as its Astra Space, Inc..
Institutional Ownership:
Through their ownership of 50.58% of ASRT’s outstanding shares, institutional investors have majority control over the company.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, ASRT has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and ASRT currently yields $0.00. In the past year, ASRT’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, ASRT has a current buyback yield of $9.26. This was $9.26 for the TTM, and it was $– for the past five years.
