Asset Entities Inc. ASST shares are on the rise after the company unveiled a partnership agreement with ecommerce and dropshipping firm Zendrop.
The Partnership Details:
Asset Entities will provide a range of services such as customer relationship management (CRM) solutions, Discord customer analytics, and payment processing via the Ternary platform for payment processing for Discord communities.
Asset Entities’ CEO Arshia Sarkhani expressed enthusiasm about the collaboration, calling it a game-changer due to the synergies between the two companies.
Following the announcement, Asset Entities shares have surged on heavy trading volume. Data from Benzinga Pro indicates that over 20.95 million shares have been traded, a stark contrast to the stock’s 100-day average of under 542,000 shares.
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Is ASST Primed for Investment?
When considering whether a stock is a good buy, investors evaluate various factors, including valuation metrics, price action, and capital allocation programs like dividend payouts and buyback initiatives.
While Asset Entities does not pay a dividend, it has other avenues to create value for shareholders. Investors can explore Benzinga’s dividend calendar for insights on potential dividends from other companies.
Buyback programs, unlike dividends, vary widely and can impact share prices by signaling demand. Tracking Asset Entities’ news can shed light on recent buyback program authorizations.
As per Benzinga Pro, Asset Entities shares are up by 23% at 65 cents at the time of this report.
Image: Mohamed Hassan from Pixabay