The Week Ahead: Are Investors Really Too Optimistic About Asset Entities Inc (NASDAQ: ASST)

money audit

Asset Entities Inc (NASDAQ:ASST) currently has a daily average trading volume of 1.98M but it saw 84154186 shares traded in last market. With a market cap of 8.92M USD, the company’s current market price of $2.77 came rising about 42.78 while comparing to the previous closing price of $1.94. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.10 and as low as $0.87. In the recent trading on the day, stock has struck highest price mark of $2.07 while lowest mark touched by it was $3.94.

Taking a look at 20-day trading activity of Asset Entities Inc (ASST) gives us an average price of $1.2100, while its current price level is -45.69% below from 52-week high level whereas it is 218.39% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.4900 while that of 200 days or SMA-200 reads an average of $2.2300. A closer look into the stock’s movement over the week reveals that its volatility is standing at 40.37% during that period while stretching the period over a month that decreases to 17.54%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 81.18 which implies that the stock is in overbought territory.

Over the week, ASST’s stock price is moving 161.32% up while it is 97.86% when we observe its performance for the past one month. Year-to-date it is -13.30% down and over the past year, the stock is showing a downside performance of -17.93%.

Currently, Asset Entities Inc’s total number of outstanding shares is 1.16M. Company’s return on investment (ROI) stands at -269.53% and return on equity (ROE) at -161.43%. Stock’s beta reads 8.37. Stock has a price to book (P/B) ratio of 3.98 while price to sale or P/S ratio amounts to 24.78. Its return on asset (ROA) is -150.07% on average.