Should You Sell Asset Entities Inc (ASST) And Go Away This Year?

Asset Entities Inc (NASDAQ:ASST) currently has a daily average trading volume of 3.83M but it saw 265480 shares traded in last market. With a market cap of 2.99M USD, the company’s current market price of $0.50 came falling about -10.00 while comparing to the previous closing price of $0.56. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.10 and as low as $0.51. In the recent trading on the day, stock has struck highest price mark of $0.462 while lowest mark touched by it was $0.5802.

Taking a look at 20-day trading activity of Asset Entities Inc (ASST) gives us an average price of $0.7163, while its current price level is -90.12% below from 52-week high level whereas it is -1.85% 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 $0.9851 while that of 200 days or SMA-200 reads an average of $1.7862. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.89% during that period while stretching the period over a month that decreases to 13.65%. 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 24.90 which implies that the stock is in oversold territory.

Over the week, ASST’s stock price is moving -21.65% down while it is -46.72% when we observe its performance for the past one month. Year-to-date it is -84.23% down and over the past year, the stock is showing a downside performance of -86.90%.

Currently, Asset Entities Inc’s total number of outstanding shares is 4.21M. Company’s return on investment (ROI) stands at -256.48% and return on equity (ROE) at -184.25%. Stock’s beta reads 7.42. Stock has a price to book (P/B) ratio of 0.77 while price to sale or P/S ratio amounts to 5.98. Its return on asset (ROA) is -172.35% on average.