The stock of Asset Entities Inc (ASST) has seen a -26.34% decrease in the past week, with a -55.12% drop in the past month, and a -67.61% decrease in the past quarter. The volatility ratio for the week is 17.47%, and the volatility levels for the past 30 days are at 13.63% for ASST. The simple moving average for the past 20 days is -33.55% for ASST’s stock, with a -74.10% simple moving average for the past 200 days.
Is It Worth Investing in Asset Entities Inc (NASDAQ: ASST) Right Now?
Additionally, the 36-month beta value for ASST is 7.48.
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The public float for ASST is 3.80M and currently, short sellers hold a 0.62% ratio of that float. The average trading volume of ASST on December 02, 2024 was 2.50M shares.
ASST) stock’s latest price update
Asset Entities Inc (NASDAQ: ASST)’s stock price has dropped by -8.73 in relation to previous closing price of 0.50. Nevertheless, the company has seen a loss of -26.34% in its stock price over the last five trading days. globenewswire.com reported 2024-11-25 that DALLAS, Nov. 25, 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 it has acquired the assets in the TikTok Shop space known as the TikTok Money Machine which includes its Discord community.
ASST Trading at -52.27% 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 -90.80% of loss for the given period.
Volatility was left at 13.63%, however, over the last 30 days, the volatility rate increased by 17.47%, as shares sank -51.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -69.93% lower at present.
During the last 5 trading sessions, ASST fell by -26.34%, which changed the moving average for the period of 200-days by -81.58% in comparison to the 20-day moving average, which settled at $0.6923. In addition, Asset Entities Inc saw -85.60% 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:
- -11.52 for the present operating margin
- 0.49 for the gross margin
The net margin for Asset Entities Inc stands at -11.53. The total capital return value is set at -2.56. Equity return is now at value -184.25, with -172.35 for asset returns.
Currently, EBITDA for the company is -4.93 million with net debt to EBITDA at 0.36. When we switch over and look at the enterprise to sales, we see a ratio of 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.46.
Conclusion
In conclusion, Asset Entities Inc (ASST) has seen bad 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.
