Assertio Holdings Inc (NASDAQ:ASRT) shares, rose in value on Friday, March 28, with the stock price down by -4.05% to the previous day’s close as strong demand from buyers drove the stock to $0.69.
Actively observing the price movement in the last trading, the stock closed the session at $0.72, falling within a range of $0.6795 and $0.73. The value of beta (5-year monthly) was 0.815. Referring to stock’s 52-week performance, its high was $1.80, and the low was $0.68. On the whole, ASRT has fluctuated by -13.44% over the past month.
With the market capitalization of Assertio Holdings Inc currently standing at about $66.24 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-11.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 115.25M, with a low estimate of 25.71M and a high estimate of 29.47M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 27.52M.
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 price of ASRT currently trading nearly -7.51% and -12.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.64, while the 7-day volatility ratio is showing 6.43% which for the 30-day chart, stands at 5.72%. Furthermore, Assertio Holdings Inc (ASRT)’s beta value is 0.54, and its average true range (ATR) is 0.04.
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 -4.05% in last session, and over the past year, it shrunk by -32.19%%.
Data on historical trading for Assertio Holdings Inc (NASDAQ:ASRT) indicates that the trading volumes over the past 10 days have averaged 0.44 and over the past 3 months, they’ve averaged 400.66K. According to company’s latest data on outstanding shares, there are 95.54 million shares outstanding.
Nearly 2.91% of Assertio Holdings Inc’s shares belong to company insiders and institutional investors own 29.45% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.4 million shares as on 2025-03-14, resulting in a short ratio of 15.92. According to the data, the short interest in Assertio Holdings Inc (ASRT) stood at 570.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 5.49 million. The stock has fallen by -20.59% 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.
