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

Shares of Asset Entities Inc. (NASDAQ:ASST) are going to reverse split before the market opens 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 Stock Performance

Asset Entities stock traded up $0.01 during trading on Friday, reaching $0.38. The company had a trading volume of 470,857 shares, compared to its average volume of 524,553. Asset Entities has a 12-month low of $0.29 and a 12-month high of $1.97. The stock’s 50 day moving average price is $0.41 and its two-hundred day moving average price is $0.49. The firm has a market capitalization of $5.66 million, a price-to-earnings ratio of -0.99 and a beta of 8.58.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Asset Entities stock. Symmetry Peak Management LLC purchased a new stake in shares of Asset Entities Inc. (NASDAQ:ASST) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned 0.44% of Asset Entities at the end of the most recent quarter. 5.52% of the stock is owned by hedge funds and other institutional investors.

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.