Asset Entities Stock Scheduled to Reverse Split on Tuesday, July 2nd (NASDAQ:ASST)

Asset Entities Inc. (NASDAQ:ASST)’s stock is going to reverse split on Tuesday, July 2nd. The 1-5 reverse split was announced on Tuesday, July 2nd. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, July 2nd.

Asset Entities Price Performance

NASDAQ ASST traded up $0.01 on Friday, reaching $0.38. The stock had a trading volume of 472,117 shares, compared to its average volume of 524,553. The firm has a fifty day moving average of $0.41 and a two-hundred day moving average of $0.49. Asset Entities has a 1-year low of $0.29 and a 1-year high of $1.97. The company has a market cap of $5.66 million, a P/E ratio of -0.99 and a beta of 8.58.

Asset Entities (NASDAQ:ASST) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.10) EPS for the quarter. Asset Entities had a negative net margin of 1,538.71% and a negative return on equity of 153.10%. The firm had revenue of $0.13 million during the quarter.

Institutional Trading of Asset Entities

An institutional investor recently bought a new position in Asset Entities stock. Symmetry Peak Management LLC bought a new position in shares of Asset Entities Inc. (NASDAQ:ASST) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned approximately 0.44% of Asset Entities as of its most recent filing with the SEC. Institutional investors and hedge funds own 5.52% of the company’s stock.

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.