Asset Entities Inc (NASDAQ: ASST) Stock Declined -23.05% Last Week – That’s Proof That Its Volatility Isn’t Going Anywhere

Asset Entities Inc (NASDAQ:ASST) does about 14.33M shares in volume on a normal day but saw 1309641 shares change hands in the recent trading day. The company now has a market cap of 62.05M USD. Its current market price is $3.74, marking a decrease of -0.27% compared to the previous close of $3.75. The 52 week high reached by this stock is $13.42 whilst the lowest price level in 52 weeks is $0.34.

Asset Entities Inc (ASST) has a 20-day trading average at $5.42 and the current price is -72.13% off the 52-week high compared with 1016.42% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.96 and its 200-day simple moving average is $1.80. If we look at the stock’s price movements over the week, volatility stands at 12.23%, which increases to 13.92% 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 38.32 to suggest the stock is neutral.

The current price level is -31.00%, -24.57%, and 108.01% 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 down -23.05% over the week and -46.65% over the past month. Its price is 103.26% year-to-date and 662.49% over the past year.

Outstanding shares total 16.59M with insiders holding 4.50% of the shares and institutional holders owning 0.79% of the company’s common stock. The company has a return on investment of -148.23% and return on equity of -207.36%. The beta has a value of 17.44. Price to book ratio is 11.89 and price to sales ratio is 91.25.

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