Wall Street Zen Downgrades Asset Entities (NASDAQ:ASST) to Sell

Asset Entities (NASDAQ:ASST) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Friday.

Asset Entities Price Performance

Asset Entities stock opened at $4.54 on Friday. The stock has a market capitalization of $75.45 million, a P/E ratio of -2.34 and a beta of 17.34. Asset Entities has a 12-month low of $0.34 and a 12-month high of $13.42. The firm’s 50-day moving average is $4.77 and its two-hundred day moving average is $3.58.

Asset Entities (NASDAQ:ASST) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.17) earnings per share 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

Large investors have recently modified their holdings of the stock. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Asset Entities during the 2nd quarter worth about $39,000. Engineers Gate Manager LP purchased a new position in shares of Asset Entities during the 2nd quarter worth about $40,000. Ground Swell Capital LLC purchased a new position in shares of Asset Entities during the 2nd quarter worth about $40,000. Tower Research Capital LLC TRC lifted its holdings 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 acquiring an additional 7,057 shares during the period. Finally, Osaic Holdings Inc. purchased a new position 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.

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.