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

Asset Entities Inc. (NASDAQ:ASST)’s stock is 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 closing bell on Tuesday, July 2nd.

Asset Entities Price Performance

ASST stock traded up $0.01 on Friday, reaching $0.38. The company’s stock had a trading volume of 470,857 shares, compared to its average volume of 524,553. Asset Entities has a 52 week low of $0.29 and a 52 week high of $1.97. The company has a market capitalization of $5.66 million, a P/E ratio of -0.99 and a beta of 8.58. The firm has a fifty day moving average of $0.41 and a two-hundred day moving average of $0.49.

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

Institutional Investors Weigh In On Asset Entities

A hedge fund recently bought a new stake in Asset Entities stock. Symmetry Peak Management LLC acquired a new stake in shares of Asset Entities Inc. (NASDAQ:ASST) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned about 0.44% of Asset Entities as of its most recent filing with the Securities and Exchange Commission. 5.52% of the stock is currently 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.