Do Investors Have Much Faith In Asset Entities Inc (NASDAQ: ASST)

Asset Entities Inc (NASDAQ:ASST) does about 3.78M shares in volume on a normal day but saw 2269696 shares change hands in the recent trading day. The company now has a market cap of 5.03M USD. Its current market price is $0.56, marking an increase of 11.35% compared to the previous close of $0.50. The 52 week high reached by this stock is $4.35 whilst the lowest price level in 52 weeks is $0.34.

Asset Entities Inc (ASST) has a 20-day trading average at $0.4996 and the current price is -87.10% off the 52-week high compared with 67.52% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6167 and its 200-day simple moving average is $1.4978. If we look at the stock’s price movements over the week, volatility stands at 16.62%, which increases to 20.34% 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 52.16 to suggest the stock is neutral.

The current price level is 12.34%, -9.00%, and -62.53% away from its SMA20, SMA50, and SMA200 respectively, with the ASST price moving above the 50-day SMA on current market day. Asset Entities Inc (ASST) stock is up 22.08% over the week and 22.03% over the past month. Its price is 14.41% year-to-date and -76.31% over the past year.

The company has a return on investment of -256.48% and return on equity of -184.25%. The beta has a value of 6.42. Price to book ratio is 0.85 and price to sales ratio is 10.06.