Why Asset Entities Inc (NASDAQ: ASST) At $1.86 Is Worth Your Money?

Asset Entities Inc (NASDAQ:ASST) does about 254.68K shares in volume on a normal day but saw 105843668 shares change hands in the recent trading day. The company now has a market cap of 5.99M USD. Its current market price is $1.86, marking an increase of 72.22% compared to the previous close of $1.08. The 52 week high reached by this stock is $5.10 whilst the lowest price level in 52 weeks is $0.87.

Asset Entities Inc (ASST) has a 20-day trading average at $1.1129 and the current price is -63.53% off the 52-week high compared with 113.79% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.4806 and its 200-day simple moving average is $2.2225. If we look at the stock’s price movements over the week, volatility stands at 24.91%, which decreases to 13.33% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 69.48 to suggest the stock is neutral.

The current price level is 70.42%, 25.42%, and -16.30% away from its SMA20, SMA50, and SMA200 respectively, with the ASST price moving below the 50-day SMA on current market day. Asset Entities Inc (ASST) stock is up 98.48% over the week and 27.40% over the past month. Its price is -41.78% year-to-date and -39.12% over the past year.

Outstanding shares total 1.16M with insiders holding 37.36% of the shares and institutional holders owning 0.90% of the company’s common stock. The company has a return on investment of -269.53% and return on equity of -161.43%. The beta has a value of 8.39. Price to book ratio is 2.68 and price to sales ratio is 16.64.