The 36-month beta value for AEI is also noteworthy at 1.25. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for AEI is 3.51M, and at present, short sellers hold a 1.86% of that float. The average trading volume of AEI on July 04, 2024 was 145.36K shares.
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AEI) stock’s latest price update
The stock price of Alset Inc (NASDAQ: AEI) has dropped by -12.50 compared to previous close of 1.60. Despite this, the company has seen a fall of -2.10% in its stock price over the last five trading days. globenewswire.com reported 2023-12-13 that Bethesda, MD, Dec. 13, 2023 (GLOBE NEWSWIRE) — Alset Inc. (NASDAQ:AEI) (“AEI” or the “Company”), a diversified holding company principally engaged through its subsidiaries in the development of smart and sustainable home communities and other property development, financial services, digital transformation technologies, biohealth activities and consumer products, is pleased to announce the signing of a binding term sheet to acquire 100% of New Energy Asia Pacific Inc. (“NEAPI”). NEAPI owns approximately 41.5% of New Energy Asia Pacific Limited, a Hong Kong company (“New Energy”). New Energy focuses on distributing all-electric versions of special-purpose and transportation vehicles, charging stations and batteries.
AEI’s Market Performance
Alset Inc (AEI) has seen a -2.10% fall in stock performance for the week, with a 35.92% gain in the past month and a 118.41% surge in the past quarter. The volatility ratio for the week is 18.03%, and the volatility levels for the past 30 days are at 15.11% for AEI. The simple moving average for the past 20 days is 8.07% for AEI’s stock, with a 35.59% simple moving average for the past 200 days.
AEI Trading at 59.72% from the 50-Day Moving Average
After a stumble in the market that brought AEI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.71% of loss for the given period.
Volatility was left at 15.11%, however, over the last 30 days, the volatility rate increased by 18.03%, as shares surge +18.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +132.20% upper at present.
During the last 5 trading sessions, AEI fell by -4.20%, which changed the moving average for the period of 200-days by -6.80% in comparison to the 20-day moving average, which settled at $1.3060. In addition, Alset Inc saw 35.92% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AEI starting from Chan Heng Fai Ambrose, who purchase 120,000 shares at the price of $1.79 back on Jun 27 ’24. After this action, Chan Heng Fai Ambrose now owns 5,845,175 shares of Alset Inc, valued at $214,800 using the latest closing price.
Chan Heng Fai Ambrose, the Chief Executive Officer of Alset Inc, purchase 3,318 shares at $1.38 during a trade that took place back on Jun 26 ’24, which means that Chan Heng Fai Ambrose is holding 5,725,175 shares at $4,579 based on the most recent closing price.
Stock Fundamentals for AEI
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.32 for the gross margin
The net margin for Alset Inc stands at -2.27. The total capital return value is set at -0.02. Equity return is now at value -56.28, with -49.02 for asset returns.
Based on Alset Inc (AEI), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 4.58. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 0.4.
Currently, EBITDA for the company is -0.8 million with net debt to EBITDA at -1.81. When we switch over and look at the enterprise to sales, we see a ratio of -0.33. The receivables turnover for the company is 2.33for trailing twelve months and the total asset turnover is 0.28.
Conclusion
In summary, Alset Inc (AEI) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
