Spotting A Winner: Asset Entities Inc (NASDAQ: ASST) Retreats -8.65 And It Still Have Room To Run

Asset Entities Inc (NASDAQ:ASST) currently has a daily average trading volume of 5.31M but it saw 859543 shares traded in last market. With a market cap of 6.38M USD, the company’s current market price of $1.90 came falling about -8.65 while comparing to the previous closing price of $2.08. 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 $1.81 while lowest mark touched by it was $2.3301.

Taking a look at 20-day trading activity of Asset Entities Inc (ASST) gives us an average price of $1.76, while its current price level is -62.75% below from 52-week high level whereas it is 118.39% 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 $1.55 while that of 200 days or SMA-200 reads an average of $2.25. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.73% during that period while stretching the period over a month that increases to 29.10%. 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 51.37 which implies that the stock is in neutral territory.

Over the week, ASST’s stock price is moving -21.81% down while it is 93.68% when we observe its performance for the past one month. Year-to-date it is -40.53% down and over the past year, the stock is showing a downside performance of -38.71%.

Currently, Asset Entities Inc’s total number of outstanding shares is 3.36M. Company’s return on investment (ROI) stands at -269.53% and return on equity (ROE) at -161.43%. Stock’s beta reads 7.18. Stock has a price to book (P/B) ratio of 2.73 while price to sale or P/S ratio amounts to 17.73. Its return on asset (ROA) is -150.07% on average.