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

Shares of Asset Entities Inc. (NASDAQ:ASST) are scheduled 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 market closes on Tuesday, July 2nd.

Asset Entities Stock Performance

ASST opened at $0.38 on Friday. The stock has a market capitalization of $5.66 million, a P/E ratio of -0.99 and a beta of 8.58. The company’s 50-day simple moving average is $0.41 and its two-hundred day simple moving average is $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 posted 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 for the quarter. Asset Entities had a negative net margin of 1,538.71% and a negative return on equity of 153.10%.

Hedge Funds Weigh In On Asset Entities

An institutional investor recently bought a new position in Asset Entities stock. Symmetry Peak Management LLC acquired a new position in Asset Entities Inc. (NASDAQ:ASST) during the 4th 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 0.44% of Asset Entities as of its most recent SEC filing. Institutional investors 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.