Asset Entities (NASDAQ:ASST) Upgraded by Wall Street Zen to Hold Rating

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%.

Wall Street Zen upgraded shares of Asset Entities (NASDAQ:ASST - Free Report) from a sell rating to a hold rating in a report published on Saturday morning.

Asset Entities Stock Performance

Shares of NASDAQ ASST traded up $0.14 during midday trading on Friday, hitting $3.82. The company's stock had a trading volume of 13,252,904 shares, compared to its average volume of 9,821,521. Asset Entities has a 1-year low of $0.34 and a 1-year high of $13.42. The firm's fifty day moving average price is $4.93 and its 200-day moving average price is $3.92. The firm has a market cap of $63.49 million, a P/E ratio of -1.97 and a beta of 17.34.

Asset Entities (NASDAQ:ASST - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.17) EPS 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

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

Asset Entities Company Profile

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.