In the past week, ASST stock has gone down by -33.89%, with a monthly gain of 69.16% and a quarterly plunge of -20.08%. The volatility ratio for the week is 21.27%, and the volatility levels for the last 30 days are 30.11% for Asset Entities Inc The simple moving average for the past 20 days is -10.34% for ASST’s stock, with a -29.83% simple moving average for the past 200 days.
Is It Worth Investing in Asset Entities Inc (NASDAQ: ASST) Right Now?
The 36-month beta value for ASST is at 7.63.
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The public float for ASST is 1.43M, and currently, shorts hold a 24.53% of that float. The average trading volume for ASST on September 16, 2024 was 5.32M shares.
ASST) stock’s latest price update
Asset Entities Inc (NASDAQ: ASST)’s stock price has dropped by -16.84 in relation to previous closing price of 1.90. Nevertheless, the company has seen a loss of -33.89% in its stock price over the last five trading days. 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”).
ASST Trading at 1.70% 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 -69.02% of loss for the given period.
Volatility was left at 30.11%, however, over the last 30 days, the volatility rate increased by 21.27%, as shares surge +76.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.72% upper at present.
During the last 5 trading sessions, ASST fell by -33.89%, which changed the moving average for the period of 200-days by -52.20% in comparison to the 20-day moving average, which settled at $1.7965. In addition, Asset Entities Inc saw -50.55% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ASST starting from Asset Entities Holdings, LLC, who proposed sale 256,406 shares at the price of $2.08 back on Sep 12 ’24. After this action, Asset Entities Holdings, LLC now owns shares of Asset Entities Inc, valued at $533,324 using the latest closing price.
Krueger Matthew, the CFO, Treasurer and Secretary of Asset Entities Inc, sale 13,200 shares at $2.72 during a trade that took place back on Sep 05 ’24, which means that Krueger Matthew is holding 26,400 shares at $35,930 based on the most recent closing price.
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 9.41. 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 had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
