Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Asset Entities Inc (NASDAQ: ASST) was $0.60 for the day, down -8.69% from the previous closing price of $0.66. In other words, the price has decreased by -$8.69 from its previous closing price. On the day, 0.58 million shares were traded.
Ratios:
Our analysis of ASST’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 06 ’24 when Asset Entities Holdings, LLC bought 250,000 shares for $0.46 per share.
Gaubert Michael sold 179,683 shares of ASST for $354,317 on Sep 12 ’24. The Executive Chairman now owns 76,723 shares after completing the transaction at $1.97 per share. On Sep 13 ’24, another insider, Gaubert Michael, who serves as the Executive Chairman of the company, sold 76,723 shares for $1.55 each. As a result, the insider received 118,737 and left with 0 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 16.69 while its Price-to-Book (P/B) ratio in mrq is 0.91.
Stock Price History:
Over the past 52 weeks, ASST has reached a high of $4.25, while it has fallen to a 52-week low of $0.34. The 50-Day Moving Average of the stock is -2.45%, while the 200-Day Moving Average is calculated to be -51.70%.
Shares Statistics:
A total of 5.93M shares are outstanding, with a floating share count of 4.41M. Insiders hold about 25.65% of the company’s shares, while institutions hold 0.27% stake in the company.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
