Asset Entities Inc (ASST)’s Market Momentum: Closing Strong at 0.66, Up 2.17

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As of close of business last night, Asset Entities Inc’s stock clocked out at $0.66, up 2.17% from its previous closing price of $0.65. In other words, the price has increased by $2.17 from its previous closing price. On the day, 21.57 million shares were traded. ASST stock price reached its highest trading level at $0.849 during the session, while it also had its lowest trading level at $0.6123.

Ratios:

To gain a deeper understanding of ASST’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.46 and its Current Ratio is at 7.46. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 12 ’24 when Gaubert Michael sold 179,683 shares for $1.97 per share. The transaction valued at 354,317 led to the insider holds 76,723 shares of the business.

Gaubert Michael sold 76,723 shares of ASST for $118,737 on Sep 13 ’24. The Executive Chairman now owns 0 shares after completing the transaction at $1.55 per share. On Sep 12 ’24, another insider, Krueger Matthew, who serves as the CFO, Treasurer and Secretary of the company, sold 179,683 shares for $1.97 each. As a result, the insider received 354,317 and left with 76,723 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ASST now has a Market Capitalization of 2777399 and an Enterprise Value of 165434. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.88 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 0.461.

Stock Price History:

Over the past 52 weeks, ASST has reached a high of $5.10, while it has fallen to a 52-week low of $0.61. The 50-Day Moving Average of the stock is -44.53%, while the 200-Day Moving Average is calculated to be -65.02%.

Shares Statistics:

It appears that ASST traded 5.07M shares on average per day over the past three months and 2270910 shares per day over the past ten days. A total of 4.21M shares are outstanding, with a floating share count of 2.41M. Insiders hold about 41.99% of the company’s shares, while institutions hold 0.44% stake in the company. Shares short for ASST as of 1730332800 were 23241 with a Short Ratio of 0.00, compared to 1727654400 on 16201. Therefore, it implies a Short% of Shares Outstanding of 23241 and a Short% of Float of 0.88.

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