Asset Entities (NASDAQ:ASST) Rating Increased to Hold at Wall Street Zen

by · The Cerbat Gem

Asset Entities (NASDAQ:ASST – Get Free Report) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Asset Entities Stock Performance

ASST opened at $8.49 on Friday. The firm has a market cap of $141.10 million, a P/E ratio of -4.38 and a beta of 17.33. The firm has a 50-day moving average of $5.10 and a 200 day moving average of $3.86. Asset Entities has a fifty-two week low of $0.34 and a fifty-two week high of $13.42.

Asset Entities (NASDAQ:ASST – Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.17) earnings per share for the quarter. Asset Entities had a negative net margin of 996.98% and a negative return on equity of 246.95%.

Hedge Funds Weigh In On Asset Entities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in Asset Entities by 180.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after purchasing an additional 7,057 shares during the period. McElhenny Sheffield Capital Management LLC bought a new position in Asset Entities during the second quarter worth about $39,000. Engineers Gate Manager LP bought a new position in Asset Entities during the second quarter worth about $40,000. Ground Swell Capital LLC bought a new position in shares of Asset Entities in the second quarter valued at approximately $40,000. Finally, Osaic Holdings Inc. bought a new position in shares of Asset Entities in the second quarter valued at approximately $41,000. Institutional investors own 5.52% of the company’s stock.

About Asset Entities

(Get Free Report)

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.

See Also