Asset Entities Inc (NASDAQ: ASST)’s stock price has gone decline by -11.56 in comparison to its previous close of 1.47, however, the company has experienced a -9.09% decrease 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”).
Is It Worth Investing in Asset Entities Inc (NASDAQ: ASST) Right Now?
ASST has 36-month beta value of 8.37.
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The public float for ASST is 1.50M, and currently, short sellers hold a 5.87% ratio of that float. The average trading volume of ASST on October 01, 2024 was 5.27M shares.
ASST’s Market Performance
ASST stock saw a decrease of -9.09% in the past week, with a monthly decline of -33.33% and a quarterly a decrease of -19.18%. The volatility ratio for the week is 11.48%, and the volatility levels for the last 30 days are 22.28% for Asset Entities Inc (ASST). The simple moving average for the past 20 days is -28.28% for ASST’s stock, with a -39.11% simple moving average for the past 200 days.
ASST Trading at -14.77% 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 -74.51% of loss for the given period.
Volatility was left at 22.28%, however, over the last 30 days, the volatility rate increased by 11.48%, as shares sank -8.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.22% lower at present.
During the last 5 trading sessions, ASST fell by -9.09%, which changed the moving average for the period of 200-days by -41.57% in comparison to the 20-day moving average, which settled at $1.8065. In addition, Asset Entities Inc saw -59.31% 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 Gaubert Michael, who sale 179,683 shares at the price of $1.97 back on Sep 12 ’24. After this action, Gaubert Michael now owns 76,723 shares of Asset Entities Inc, valued at $354,317 using the latest closing price.
Gaubert Michael, the Executive Chairman of Asset Entities Inc, sale 76,723 shares at $1.55 during a trade that took place back on Sep 13 ’24, which means that Gaubert Michael is holding 0 shares at $118,737 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 7.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.05.
Conclusion
To put it simply, Asset Entities Inc (ASST) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
