Asset Entities Inc [NASDAQ: ASST] gained 0.29% or 0.01 points to close at $3.5 with a heavy trading volume of 5106636 shares.
It opened the trading session at $3.4, the shares rose to $3.73 and dropped to $3.14, the range by which the price of stock traded the whole day. The daily chart for ASST points out that the company has recorded 537.17% gains over the past six months.
If we look at the average trading volume of 16.54M shares, ASST reached to a volume of 5106636 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Asset Entities Inc [ASST]:
The Price to Book ratio for the last quarter was 21.68, with the Price to Cash per share for the same quarter was set at 0.15.
Trading performance analysis for ASST stock
Asset Entities Inc [ASST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.55. With this latest performance, ASST shares dropped by -50.91% in over the last four-week period, additionally plugging by 537.17% over the last 6 months – not to mention a rise of 613.56% 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 40.54, with the RSI for the last a single of trading hit 0.59, and the three-weeks RSI is set at 0.82 for Asset Entities Inc [ASST]. The present Moving Average for the last 50 days of trading for this stock 5.29, while it was recorded at 3.31 for the last single week of trading, and 2.23 for the last 200 days.
Asset Entities Inc [ASST]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Asset Entities Inc [ASST] shares currently have an operating margin of -1005.67% and a Gross Margin at 65.48%. Asset Entities Inc’s Net Margin is presently recorded at -1008.13%.
Asset Entities Inc (ASST) Capital Structure & Debt Analysis
According to recent financial data for Asset Entities Inc. ( ASST), the Return on Equity (ROE) stands at -316.64%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -265.20%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Asset Entities Inc’s Return on Invested Capital (ROIC) is -285.34%, showcasing its effectiveness in deploying capital for earnings.
Asset Entities Inc (ASST) Efficiency & Liquidity Metrics
Based on Asset Entities Inc’s (ASST) latest financial statements, the Debt-to-Equity Ratio is 0.00%, indicating its reliance on debt financing relative to shareholder equity.
Asset Entities Inc (ASST) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Asset Entities Inc. (ASST) effectively leverages its workforce, generating an average of -$150196.08 per employee. The company’s liquidity position is robust, with a Current Ratio of 4.74% and a Quick Ratio of 4.74%, indicating strong ability to cover short-term liabilities.
An analysis of Institutional ownership at Asset Entities Inc [ASST]
There are presently around $9.61%, or 10.06%% of ASST stock, in the hands of institutional investors.
