Asset Entities Inc (NASDAQ: ASST)’s stock price has increased by 90.74 compared to its previous closing price of 1.08. However, the company has seen a 119.83% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-07-29 that DALLAS, July 29, 2024 (GLOBE NEWSWIRE) — Asset Entities Inc. (“Asset Entities” or “the Company”) (NASDAQ: ASST), a provider of digital marketing and content delivery services across Discord and other social media platforms, and a Ternary Payment Platform company, today announced that the Company received formal notice (the “Notice”) from the Nasdaq Office of General Counsel of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”).
Is It Worth Investing in Asset Entities Inc (NASDAQ: ASST) Right Now?
Additionally, the 36-month beta value for ASST is 8.39.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ASST is 1.15M and currently, short sellers hold a 10.05% ratio of that float. The average trading volume of ASST on August 26, 2024 was 254.68K shares.
ASST’s Market Performance
ASST stock saw an increase of 119.83% in the past week, with a monthly gain of 41.10% and a quarterly increase of -8.42%. The volatility ratio for the week is 10.04%, and the volatility levels for the last 30 days are 10.45% for Asset Entities Inc (ASST). The simple moving average for the last 20 days is 88.74% for ASST stock, with a simple moving average of -7.30% for the last 200 days.
ASST Trading at 38.91% from the 50-Day Moving Average
After a stumble in the market that brought ASST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -59.61% of loss for the given period.
Volatility was left at 10.45%, however, over the last 30 days, the volatility rate increased by 10.04%, as shares surge +49.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.03% upper at present.
During the last 5 trading sessions, ASST rose by +127.91%, which changed the moving average for the period of 200-days by +19.38% in comparison to the 20-day moving average, which settled at $1.1267. In addition, Asset Entities Inc saw -35.52% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ASST
Current profitability levels for the company are sitting at:
- -15.75 for the present operating margin
- 0.83 for the gross margin
The net margin for Asset Entities Inc stands at -15.75. The total capital return value is set at -2.7. Equity return is now at value -161.43, with -150.07 for asset returns.
Based on Asset Entities Inc (ASST), the company’s capital structure generated -0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 11.94.
Currently, EBITDA for the company is -4.93 million with net debt to EBITDA at 0.34. When we switch over and look at the enterprise to sales, we see a ratio of 13.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.05.
Conclusion
In conclusion, Asset Entities Inc (ASST) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
