Asset Entities Inc (ASST): Are Investors Missing The Big Picture?

Asset Entities Inc (NASDAQ:ASST) does about 3.93M shares in volume on a normal day but saw 265436404 shares change hands in the recent trading day. The company now has a market cap of 8.06M USD. Its current market price is $0.90, marking an increase of 93.76% compared to the previous close of $0.46. 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 $0.5047 and the current price is -79.31% off the 52-week high compared with 168.66% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5604 and its 200-day simple moving average is $1.3859. If we look at the stock’s price movements over the week, volatility stands at 24.77%, which decreases to 19.39% 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 69.15 to suggest the stock is neutral.

The current price level is 78.31%, 60.60%, and -35.06% 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 95.91% over the week and 114.29% over the past month. Its price is 83.49% year-to-date and -52.37% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 5.93M with insiders holding 20.00% of the shares and institutional holders owning 0.93% of the company’s common stock. The company has a return on investment of -256.48% and return on equity of -184.25%. The beta has a value of 6.43. Price to book ratio is 1.37 and price to sales ratio is 16.12.