Asset Entities Target of Unusually Large Options Trading (NASDAQ:ASST)

Asset Entities Inc. (NASDAQ:ASST) was the recipient of unusually large options trading on Monday. Traders acquired 13,733 call options on the company. Thisrepresentsanincreaseofapproximately163% compared to the average volume of 5,218 call options.

Asset Entities Trading Up 8.6%

Shares of NASDAQ:ASST opened at $4.80 on Tuesday. The stock has a fifty day simple moving average of $4.57 and a two-hundred day simple moving average of $3.28. Asset Entities has a 12-month low of $0.34 and a 12-month high of $13.42. The stock has a market capitalization of $79.78 million, a price-to-earnings ratio of -2.47 and a beta of 17.31.

Asset Entities (NASDAQ:ASST) last released its earnings results on Tuesday, August 5th. The company reported ($0.17) EPS for the quarter. Asset Entities had a negative return on equity of 246.95% and a negative net margin of 996.98%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Asset Entities from a “sell” rating to a “hold” rating in a research report on Sunday, August 10th.

Insider Buying and Selling

In other news, Chairman Michael Gaubert sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $7.44, for a total value of $223,200.00. Following the completion of the transaction, the chairman owned 20,567 shares of the company’s stock, valued at approximately $153,018.48. This represents a 59.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Krueger sold 26,400 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $8.23, for a total value of $217,272.00. Following the completion of the transaction, the chief financial officer owned 5,000 shares of the company’s stock, valued at approximately $41,150. The trade was a 84.08% decrease in their position. The disclosure for this sale can be found here. 56.47% of the stock is currently owned by corporate insiders.

Institutional Trading of Asset Entities

Several institutional investors have recently bought and sold shares of ASST. McElhenny Sheffield Capital Management LLC bought a new stake in Asset Entities during the 2nd quarter valued at about $39,000. Bellecapital International Ltd. bought a new stake in shares of Asset Entities during the second quarter valued at approximately $42,000. Ground Swell Capital LLC purchased a new position in Asset Entities in the 2nd quarter worth approximately $40,000. Geode Capital Management LLC raised its holdings in Asset Entities by 362.6% in the 2nd quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock worth $561,000 after acquiring an additional 117,249 shares during the last quarter. Finally, Creative Planning bought a new position in Asset Entities in the 2nd quarter valued at approximately $79,000. 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.