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

Key Points

• Asset Entities (NASDAQ:ASST) has been upgraded from a "sell" to a "hold" rating by Wall Street Zen.
• As of the last report, shares of Asset Entities are currently down by 4.7%, trading at $8.49, with a market cap of $141.10 million.
• The company reported a negative earnings per share of ($0.17) and has a negative net margin of 996.98%.

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

Asset Entities Stock Down 4.7%

Shares of ASST opened at $8.49 on Friday. The firm has a market cap of $141.10 million, a price-to-earnings ratio of -4.38 and a beta of 17.34. The company's fifty day moving average is $5.10 and its 200-day moving average is $3.81. Asset Entities has a 12 month low of $0.34 and a 12 month high of $13.42.

Asset Entities (NASDAQ:ASST - Get Free Report) last released 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%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. McElhenny Sheffield Capital Management LLC acquired a new position in Asset Entities in the 2nd quarter valued at $39,000. Engineers Gate Manager LP acquired a new position in Asset Entities in the 2nd quarter valued at $40,000. Ground Swell Capital LLC acquired a new position in Asset Entities in the 2nd quarter valued at $40,000. Tower Research Capital LLC TRC grew its stake in Asset Entities by 180.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company's stock valued at $41,000 after buying an additional 7,057 shares during the last quarter. Finally, Osaic Holdings Inc. acquired a new position in Asset Entities in the 2nd quarter valued at $41,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

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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