Last Updated: 09 Nov 2024
Executive Summary
Asset Entities Inc. (ASST) is a technology company providing social media marketing and content delivery services. With a market capitalization of $3.4 million, the company faces financial challenges reflected in negative EBITDA, EPS, and profit margins. However, it has experienced revenue growth in the latest quarter.
Company Overview
ASST operates in the technology sector, specifically in the prepackaged software industry. The company's headquarters are in Dallas, Texas. Its social media marketing and content delivery services focus on platforms such as Discord and TikTok.
Fundamental Analysis
Revenue: Revenue for the latest quarter (ending June 30, 2024) was $358,800, showing a 24.1% year-over-year growth.
Earnings: The company reported a net loss of $1.96 per share for the latest quarter, resulting in a negative EPS.
Profitability: ASST has negative EBITDA, profit margin, and operating margin, indicating financial challenges.
Valuation: The stock is currently trading at $0.81, with a price-to-sales ratio of 9.49 and a price-to-book ratio of 1.615.
Technical Analysis
52-Week Range: The stock's 52-week high is $5, while the low is $0.75.
Moving Averages: The stock is trading below its 50-day and 200-day moving averages, indicating a downward trend.
Short Term Outlook
ASST's financial challenges and negative earnings raise concerns for short-term growth. The stock's recent price decline and trading below its moving averages suggest a continued downward trend.
Long Term Outlook
The company's revenue growth in the latest quarter provides some optimism for long-term prospects. However, the negative profitability metrics and the competitive nature of the technology sector pose challenges.
Analyst Recommendations
No analyst ratings or target prices are currently available for ASST.
