Alset (NASDAQ:AEI) Stock Price Up 0.7% - Still a Buy?

Key Points

• Alset shares rose 0.7% to $1.41 in light trading, with volume down 86% from the average session. The stock remains below its 200-day moving average of $1.57.
• Analyst sentiment remains negative: Weiss Ratings reiterated a “sell (D-)” rating, and MarketBeat reports an average rating of “Sell.”
• Alset reported a quarterly loss of $0.14 per share on $0.99 million in revenue, alongside a negative 951.44% net margin; however, CEO Heng Chan purchased 250,000 shares, and insiders own 90.3% of the company.

Shares of Alset Inc. (NASDAQ:AEI - Get Free Report) traded up 0.7% during mid-day trading on Friday . The company traded as high as $1.46 and last traded at $1.41. Approximately 7,778 shares were traded during mid-day trading, a decline of 86% from the average session volume of 55,083 shares. The stock had previously closed at $1.40.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Alset in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of "Sell".

Alset Stock Performance

The firm's 50 day simple moving average is $1.28 and its 200 day simple moving average is $1.57. The firm has a market capitalization of $54.85 million, a price-to-earnings ratio of -0.87 and a beta of 1.29.

Alset (NASDAQ:AEI - Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.14) earnings per share for the quarter. Alset had a negative return on equity of 29.90% and a negative net margin of 951.44%.The business had revenue of $0.99 million during the quarter.

Insiders Place Their Bets

In related news, CEO Heng Chan purchased 250,000 shares of the business's stock in a transaction on Monday, June 8th. The shares were bought at an average cost of $2.00 per share, with a total value of $500,000.00. Following the transaction, the chief executive officer owned 5,261,719 shares of the company's stock, valued at approximately $10,523,438. This trade represents a 4.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 90.30% of the company's stock.

Institutional Trading of Alset

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP acquired a new stake in Alset during the fourth quarter worth about $71,000. Two Sigma Investments LP purchased a new stake in Alset in the 3rd quarter worth approximately $171,000. Empowered Funds LLC boosted its position in Alset by 9.2% in the 1st quarter. Empowered Funds LLC now owns 121,467 shares of the company's stock worth $223,000 after purchasing an additional 10,213 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of Alset during the 3rd quarter worth approximately $254,000. Finally, Vanguard Group Inc. grew its stake in shares of Alset by 2,757.1% during the 3rd quarter. Vanguard Group Inc. now owns 618,210 shares of the company's stock worth $1,564,000 after purchasing an additional 596,572 shares during the period. Hedge funds and other institutional investors own 2.74% of the company's stock.

Alset Company Profile

Alset Environmental, Inc NASDAQ: AEI is a technology company focused on the development and commercialization of advanced pyrolysis systems for the recycling of end-of-life tires and plastic waste. The firm's solutions are built around its proprietary HydroPyrolysis Reactor, which uses hydrothermal conditions to break down complex hydrocarbon feedstocks into valuable byproducts. By converting tire rubber and mixed plastics into recovered carbon black, pyrolysis oil, syngas and steel, Alset aims to provide an environmentally sustainable alternative to traditional disposal and incineration methods.

The company's HydroPyrolysis technology operates at moderate temperatures and pressures to maximize yield and purity of carbon-rich outputs.

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