ASRT Should I Buy
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Assertio Holdings Inc (ASRT) is not a strong buy at the moment for a beginner, long-term investor with $50,000-$100,000 available. While the company has shown strong revenue growth in the latest quarter, the significant decline in net income and EPS, coupled with neutral technical indicators and lack of strong trading signals, suggest a cautious approach. The absence of recent news, congress trading data, and influential catalysts further supports a hold recommendation.
The MACD histogram is negative (-0.0701) and contracting, indicating a lack of bullish momentum. RSI is neutral at 50.571, suggesting no clear overbought or oversold conditions. Moving averages are converging, showing no strong trend. The stock is trading near its pivot level of 12.035, with key support at 11.667 and resistance at 12.404.
Gross margin improved to 61.08%, up 19.06% YoY. Analyst Raghuram Selvaraju from H.C. Wainwright recently raised the price target to $35 and maintained a Buy rating.
No recent news, congress trading data, or significant trading trends from hedge funds or insiders. The MACD and RSI do not indicate a strong bullish trend.
In Q3 2025, revenue grew significantly to $49.46M, up 69.36% YoY. However, net income dropped drastically to $11.45M (-491.82% YoY), and EPS fell to 1.61 (-450.00% YoY). Gross margin improved to 61.08%, up 19.06% YoY.
H.C. Wainwright analyst Raghuram Selvaraju recently raised the price target to $35 from $3 and maintained a Buy rating, reflecting optimism despite the company's mixed financial performance.
