Asset Entities Inc (NASDAQ:ASST) price is hovering higher on current market day and jumping 65.16% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $0.55, with intraday deals fluctuating between $0.632 and $0.92. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.35 and 52-week low of $0.34. The stock added 59.16% on its value in the past month.
Asset Entities Inc, which has a market valuation of $12.62 million, is expected to release its quarterly earnings report in March.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give ASST a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that ASST’s price is at present 25.04% off the SMA20 and 53.59% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 56.92, with weekly volatility standing at 23.45%. The indicator jumps to 23.26% when calculated based on the past 30 days. Asset Entities Inc (NASDAQ:ASST)’s beta value is holding at 6.40, while the average true range (ATR) indicator is currently reading 0.20.
An analysis of the Asset Entities Inc (NASDAQ:ASST) stock in terms of its daily trading volume indicates that the 3-month average is 11.54 million. However, this figure increases on the past 10-day timeline to an average of 46.18 million.
Current records show that the company has 5.93M in outstanding shares. The insiders’ percentage holdings are 27.86% of outstanding shares while the percentage share held by institutions stands at 0.32%. The stats also highlight that short interest as of 2024-10-31, stood at 23241.0 shares, which puts the short ratio at the time at 0.12. From this we can glean that short interest is 88.00 of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 16201.0. But the 84.95% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
