Asset Entities Inc (NASDAQ:ASST) shares, rose in value on Thursday, January 23, with the stock price down by -22.06% to the previous day’s close as strong demand from buyers drove the stock to $1.06.
Actively observing the price movement in the last trading, the stock closed the session at $1.36, falling within a range of $1.02 and $1.36. Referring to stock’s 52-week performance, its high was $4.35, and the low was $0.34. On the whole, ASST has fluctuated by 175.90% over the past month.
With the market capitalization of Asset Entities Inc currently standing at about $9.50 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ASST’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of ASST currently trading nearly 80.17% and 83.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.38, while the 7-day volatility ratio is showing 34.52% which for the 30-day chart, stands at 21.05%. Furthermore, Asset Entities Inc (ASST)’s beta value is 7.44, and its average true range (ATR) is 0.21.
A comparison of Asset Entities Inc (ASST) with its peers suggests the former has fared considerably weaker in the market. ASST showed an intraday change of -22.06% in last session, and over the past year, it shrunk by -54.89%%.
Data on historical trading for Asset Entities Inc (NASDAQ:ASST) indicates that the trading volumes over the past 10 days have averaged 41.35 and over the past 3 months, they’ve averaged 10.64 million. According to company’s latest data on outstanding shares, there are 5.93 million shares outstanding.
Nearly 27.86% of Asset Entities Inc’s shares belong to company insiders and institutional investors own 0.32% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23241.0 shares as on 2024-10-31, resulting in a short ratio of 0.12. According to the data, the short interest in Asset Entities Inc (ASST) stood at 88.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 16201.0. The stock has risen by 116.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ASST stock heading into the next quarter.
