Asset Entities Inc [ASST] Stock trading around $0.69 per share: What’s Next?

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Asset Entities Inc [NASDAQ: ASST] stock went on an upward path that rose over 48.95% on Monday, amounting to a one-week price increase of more than 63.68%.

Over the last 12 months, ASST stock dropped by -79.40%.

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The market cap for the stock reached $4.07 million, with 5.93 million shares outstanding and 3.80 million shares in the current float. Compared to the average trading volume of 629.94K shares, ASST stock reached a trading volume of 146968474 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Asset Entities Inc [ASST]:

The Average True Range (ATR) for Asset Entities Inc is set at 0.12, with the Price to Sales ratio for ASST stock in the period of the last 12 months amounting to 8.13. The Price to Book ratio for the last quarter was 1.04, with the Price to Cash per share for the same quarter was set at 0.35.

ASST Stock Performance Analysis:

Asset Entities Inc [ASST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 63.68. With this latest performance, ASST shares dropped by -13.29% in over the last four-week period, additionally sinking by -71.52% over the last 6 months – not to mention a drop of -79.40% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ASST stock in for the last two-week period is set at 51.76, with the RSI for the last a single of trading hit 63.13, and the three-weeks RSI is set at 46.16 for Asset Entities Inc [ASST]. The present Moving Average for the last 50 days of trading for this stock 0.8500, while it was recorded at 0.4991 for the last single week of trading, and 1.7121 for the last 200 days.

Insight into Asset Entities Inc Fundamentals:

Asset Entities Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.46 and a Current Ratio set at 7.46.

Asset Entities Inc [ASST] Institutonal Ownership Details

There are presently around $0.93%, or 1.17%% of ASST stock, in the hands of institutional investors.