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Assertio Therapeutics, Inc. (NASDAQ:ASRT) stock has reached a new 52-week low, dipping to $0.68, as investors navigate a turbulent market environment. According to InvestingPro data, the company maintains a healthy current ratio of 2.01 and holds more cash than debt on its balance sheet, suggesting financial stability despite market pressures. The pharmaceutical company, known for its focus on pain management treatments, has faced significant headwinds over the past year, reflected in the stock’s performance. The 1-year change data for the company, formerly known as Depomed , shows a substantial decline of -30.46%, with revenue declining 25.77% in the last twelve months. However, InvestingPro analysis indicates the stock is currently undervalued, with analysts predicting a return to profitability this year. For deeper insights, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, covering this and 1,400+ other US stocks. This latest price level marks a critical juncture for ASRT as it strives to revitalize its strategy and regain momentum in the competitive healthcare sector, maintaining its impressive 70.31% gross profit margin despite current challenges.
In other recent news, Assertio Holdings reported its Q4 2024 earnings, exceeding revenue expectations with a total of $32.18 million, compared to the forecasted $28.67 million. The company also posted a narrower-than-expected loss per share of $0.03, against the anticipated $0.04. Assertio’s product sales showed growth, particularly for Rolvadon, which contributed $15.4 million in sales during the quarter. Despite facing competitive pressures, the company maintained its market share for Indosin. Assertio provided guidance for 2025, projecting net sales between $108 million and $123 million, alongside adjusted EBITDA ranging from $10 million to $19 million. The company is exploring potential strategic acquisitions, with CEO Brendan O’Grady emphasizing the likelihood of such moves. Assertio’s transformation strategy for 2025 includes simplifying processes and focusing on growth assets like Rolvadon and SYMPAZAN. Additionally, the company is working to reduce legal exposure, which has been a significant expense in the past.
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