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Should You Buy Assertio Holdings Inc (ASRT) Stock Monday?

Monday, November 20, 2023 12:55 PM | InvestorsObserver Analysts

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Should You Buy Assertio Holdings Inc (ASRT) Stock Monday?

Assertio Holdings Inc (ASRT) receives a weak valuation score of 11 from InvestorsObserver analysis. Our proprietary scoring system considers the overall health of the company by looking at the stock's price, earnings, and growth rate to determine if it represents a good value. ASRT holds a better value than 11% of stocks at its current price. Investors who are focused on long-term growth through buy-and-hold investing will find the Valuation Rank especially relevant when allocating their assets.

Valuation Rank - 11
ASRT gets a 11 Valuation Rank today. Find out what this means to you and get the rest of the rankings on ASRT!

Metrics Analysis

ASRT has a trailing twelve month Price to Earnings (PE) ratio of 0.96 which places it below the histroical average of roughly 15. ASRT is currently trading at a good value due to investors paying less than what the stock is worth in relation to its earnings. ASRT's trailing-12-month earnings per share (EPS) of -1.77 does justify its share price in the market. Trailing PE ratios do not factor in the company's projected growth rate, thus, some firms will have high PE ratios caused by high growth recruiting more investors even if the underlying company has produced low earnings so far.
ASRT currently has a 12-month-forward-PE-to-Growth (PEG) ratio of 0.19. The market is currently undervaluing ASRT in relation to its projected growth due to the PEG ratio being below the fair market value of 1. ASRT's PEG comes from its forward price to earnings ratio being divided by its growth rate. Because PEG ratios include more fundamentals of a company's overall health with additional focus on the future, they are one of the most used valuation metrics by analysts.

Summary

ASRT' has a strong valuation at its current share price on account of a undervalued PEG ratio due to strong growth. ASRT's PE and PEG are better than the market average leading to a above average valuation score. Click Here to get the full Report on Assertio Holdings Inc (ASRT) stock.

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