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

Asset Entities Inc. (NASDAQ:ASST)’s stock is scheduled 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 Stock Performance

NASDAQ ASST opened at $0.38 on Friday. The business has a fifty day moving average price of $0.41 and a 200 day moving average price of $0.49. Asset Entities has a one year low of $0.29 and a one 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 earnings results on Wednesday, May 15th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $0.13 million during the quarter. Asset Entities had a negative net margin of 1,538.71% and a negative return on equity of 153.10%.

Institutional Trading of Asset Entities

An institutional investor recently bought a new position in Asset Entities stock. Symmetry Peak Management LLC purchased a new position in shares of Asset Entities Inc. (NASDAQ:ASST) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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. 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.