Does Asset Entities Inc (NASDAQ:ASST) warrant a purchase right now? What to Consider Before Making a Decision

The stock of Asset Entities Inc (NASDAQ:ASST) last traded at $1.12, up 5.66% from the previous session.

ASST stock price is now 92.01% away from the 50-day moving average and -18.41% away from the 200-day moving average. The market capitalization of the company currently stands at $12.94M.

In other news, Asset Entities Holdings, LLC, 10% Owner bought 250,000 shares of the company’s stock on Dec 06 ’24. The stock was bought for $115,000 at an average price of $0.46. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, Executive Chairman Gaubert Michael sold 179,683 shares of the business’s stock. A total of $354,317 was realized by selling the stock at an average price of $1.97. This leaves the insider owning 76,723 shares of the company worth $85929.76. A total of 27.86% of the company’s stock is owned by insiders.

During the past 12 months, Asset Entities Inc has had a low of $0.34 and a high of $4.35. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 7.46, and a quick ratio of 7.46. The fifty day moving average price for ASST is $0.58338 and a two-hundred day moving average price translates $1.37277 for the stock.

The latest earnings results from Asset Entities Inc (NASDAQ: ASST) was released for 2024-06-30. The net profit margin was -1153.34% and return on equity was -184.25% for ASST. The company reported revenue of $0.2 million for the quarter, compared to $60000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 238.33 percent.

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