The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. On Assignment has an asset utilization ratio of 237.08 percent. This suggests that the company is making $2.37 for each dollar of assets. An increasing asset utilization means that On Assignment is more efficient with each dollar of assets it utilizes for everyday operations.
What is the right price you would pay to acquire a share of ASGN? For most investors, it would be the price that gives them a wide margin of safety to have minimal downside risk. In other words, most investors are always looking for undervalued stocks. Even if the
future performance is not entirely as expected, the loss of holding it is minimized, and the downside risk is negated. Please read more on our
stock advisor page.
What is happening with ASGN Inc this year
Annual and quarterly reports issued by ASGN Inc are formal
financial statements that are published yearly and quarterly and sent to ASGN stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the
Securities and Exchange Commission (SEC) for businesses owned by the public since 1934.
Companies such as ASGN often view their annual report as an effective marketing tool to disseminate their perspective on company
future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.
ASGN Gross Profit
ASGN Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing ASGN previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show ASGN Gross Profit growth over the last 10 years. Please check ASGN's
gross profit and other
fundamental indicators for more details.
What is driving ASGN Investor Appetite?
Earning per share calculations of the firm is based on official Zacks consensus of 4 analysts regarding On Assignment's future annual earnings. Given the historical accuracy of 90.65%, the future earnings per share of the company is estimated to be 5.28 with the lowest and highest values of 5.24 and 5.34, respectively. Please note that this consensus of annual earnings estimates for On Assignment is an estimate of EPS before non-recurring items and including employee stock options expenses. The bottom line is that whether you decide to purchase On Assignment or not, do not make market timing a crucial part of their investment strategy. If you do, it can result in missing out on opportunities picking up On Assignment (NYSE:ASGN) at a lower price while you will try to predict a bottom of a market sell-off.
On Assignment Current Consensus
Here is the latest trade recommendation based on an ongoing consensus estimate among financial analysis covering On Assignment. The On Assignment consensus assessment is calculated by taking the average estimates from all of the analysts covering On Assignment
| Strong Buy | 3 | 60.0 |
| Buy | 0 | 0.0 |
| Hold | 2 | 40.0 |
| Sell | 0 | 0.0 |
| Strong Sell | 0 | 0.0 |
On Assignment has 87 percent odds to go over $88 this year
Latest coefficient of variation indicator falls down to -678.33. Possible price upswing? On Assignment exhibits very low volatility with skewness of 0.15 and kurtosis of -0.04. However, we advise investors to further study On Assignment technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure On Assignment's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact On Assignment's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
On Assignment Implied Volatility
On Assignment's implied volatility exposes the market's sentiment of On Assignment stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if On Assignment's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that On Assignment stock will not fluctuate a lot when On Assignment's options are near their expiration.
Our Conclusion on On Assignment
Whereas some firms in the information technology services industry are either recovering or due for a correction, On Assignment may not be as strong as the others in terms of longer-term growth potentials. With a somewhat neutral outlook on your 90 days horizon, it may be better to hold off any trading activity and neither pick up new shares of On Assignment nor exit your existing holdings in the Stock. It seems the expected volatility has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to On Assignment.
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Gabriel Shpitalnik is a Member of Macroaxis Editorial Board. Gabriel is a young entrepreneur and writes predominantly on the business, technology, and finance sector. He likes to analyze different equity instruments across a wide range of industries focusing primarily on consumer products and evolving technologies.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of ASGN Inc. Please refer to our
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