Asset Entities (NASDAQ:ASST) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Asset Entities (NASDAQ:ASST) has been downgraded from a "hold" to a "sell" rating by analysts at Wall Street Zen.
• The company's shares fell by 17.6%, with current trading around $4.54, significantly below its 52-week high of $13.42.
• Asset Entities reported a quarterly EPS of ($0.17) and has a negative return on equity of 246.95% and a negative net margin of 996.98%.

Asset Entities (NASDAQ:ASST - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Friday.

Asset Entities Stock Down 17.6%

Shares of ASST opened at $4.54 on Friday. Asset Entities has a 52-week low of $0.34 and a 52-week high of $13.42. The company has a 50-day simple moving average of $4.77 and a 200-day simple moving average of $3.58. The company has a market capitalization of $75.45 million, a PE ratio of -2.34 and a beta of 17.34.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of Asset Entities by 180.4% during the 2nd 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 last quarter. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Asset Entities during the 2nd quarter worth about $39,000. Engineers Gate Manager LP acquired a new stake in shares of Asset Entities during the 2nd quarter worth about $40,000. Ground Swell Capital LLC acquired a new stake in shares of Asset Entities during the 2nd quarter worth about $40,000. Finally, Osaic Holdings Inc. acquired a new stake in shares of Asset Entities during the 2nd quarter worth about $41,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

About Asset Entities

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.

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