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

Asset Entities Inc. (NASDAQ:ASST)’s stock is set to reverse split on the morning of 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 Stock Up 2.2 %

Shares of Asset Entities stock traded up $0.01 on Friday, hitting $0.38. The company’s stock had a trading volume of 470,857 shares, compared to its average volume of 524,553. 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 price of $0.41 and a 200-day moving average price of $0.49. Asset Entities has a 52-week low of $0.29 and a 52-week high of $1.97.

Asset Entities (NASDAQ:ASST) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.10) earnings per share (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.

Hedge Funds Weigh In On Asset Entities

A hedge fund recently bought a new stake in Asset Entities stock. Symmetry Peak Management LLC acquired a new position in shares of Asset Entities Inc. (NASDAQ:ASST) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period. Institutional investors own 5.52% of the company’s stock.

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.