Assertio Holdings Inc (NASDAQ:ASRT) shares, rose in value, with the stock price up by 5.49% to the previous day’s close as strong demand from buyers drove the stock to $0.83.
Actively observing the price movement in the last trading, the stock closed the session at $0.79. Referring to stock’s 52-week performance, its high was $8.01, and the low was $0.73. On the whole, ASRT has fluctuated by -16.34% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 117.35M, with a low estimate of 28.92M and a high estimate of 30.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 29.51M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ASRT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ASRT currently trading nearly -5.03% and -8.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.44, while the 7-day volatility ratio is showing 10.52% which for the 30-day chart, stands at 6.96%. Furthermore, Assertio Holdings Inc (ASRT)’s beta value is 1.03, and its average true range (ATR) is 0.07.
A comparison of Assertio Holdings Inc (ASRT) with its peers suggests the former has fared considerably weaker in the market. ASRT showed an intraday change of 5.49% in last session, and over the past year, it shrunk by -83.44%%.
Data on historical trading for Assertio Holdings Inc (NASDAQ:ASRT) indicates that the trading volumes over the past 3 months, they’ve averaged 955.85K. According to company’s latest data on outstanding shares, there are 94.67 million shares outstanding.
Nearly 5.92% of Assertio Holdings Inc’s shares belong to company insiders and institutional investors own 49.18% of the company’s shares. The stock has fallen by -22.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ASRT stock heading into the next quarter.
