Stocks of Assertio Holdings Inc (NASDAQ:ASRT) traded higher last session on Wall Street, down -5.34% to $1.24.
ASRT stock price is now 22.96% away from the 50-day moving average and -3.84% away from the 200-day moving average. The market capitalization of the company currently stands at $117.95M.
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With the price target of $7, Lake Street recently initiated with Buy rating for Assertio Holdings Inc (NASDAQ: ASRT).
In other news, Vacirca Jeff L, Director bought 10,000 shares of the company’s stock on Jun 11 ’24. The stock was bought for $11,100 at an average price of $1.11. Upon completion of the transaction, the Director now directly owns 151,159 shares in the company, valued at $0.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 05 ’24, Interim Executive Officer Mason Heather L bought 25,000 shares of the business’s stock. A total of $24,250 was incurred on buying the stock at an average price of $0.97. This leaves the insider owning 212,650 shares of the company worth $0.26 million. A total of 6.67% of the company’s stock is owned by insiders.
During the past 12 months, Assertio Holdings Inc has had a low of $0.73 and a high of $5.78. As of last week, the company has a debt-to-equity ratio of 0.30, a current ratio of 1.87, and a quick ratio of 1.45. The fifty day moving average price for ASRT is $1.0176 and a two-hundred day moving average price translates $1.2809 for the stock.
The latest earnings results from Assertio Holdings Inc (NASDAQ: ASRT) was released for 2024-03-31. The net profit margin was -234.40% and return on equity was -172.90% for ASRT. The company reported revenue of $32.45 million for the quarter, compared to $42.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -23.59 percent.
