Alset (NASDAQ:AEI) Shares Up 12.3% – Should You Buy?

Alset Inc. (NASDAQ:AEI)’s stock price rose 12.3% on Monday . The company traded as high as $1.74 and last traded at $1.74. Approximately 25,713 shares traded hands during mid-day trading, an increase of 67% from the average daily volume of 15,402 shares. The stock had previously closed at $1.55.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Alset in a research report on Wednesday, January 21st. Wall Street Zen upgraded Alset from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Alset Price Performance

The firm’s 50-day moving average is $2.72 and its 200 day moving average is $2.64. The stock has a market cap of $70.99 million, a price-to-earnings ratio of -1.53 and a beta of 1.30.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Alset by 2,757.1% in the 3rd quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock worth $1,564,000 after purchasing an additional 596,572 shares during the period. Bridgeway Capital Management LLC acquired a new stake in Alset during the 3rd quarter valued at $254,000. Two Sigma Investments LP acquired a new stake in Alset during the 3rd quarter valued at approximately $171,000. Dimensional Fund Advisors LP acquired a new stake in shares of Alset during the fourth quarter worth approximately $71,000. Finally, Empowered Funds LLC grew its position in shares of Alset by 10.9% during the fourth quarter. Empowered Funds LLC now owns 111,254 shares of the company’s stock worth $383,000 after buying an additional 10,946 shares in the last quarter. 2.74% of the stock is owned by hedge funds and other institutional investors.

About Alset

Alset Environmental, Inc (NASDAQ:AEI) is a technology company focused on the development and commercialization of advanced pyrolysis systems for the recycling of end-of-life tires and plastic waste. The firm’s solutions are built around its proprietary HydroPyrolysis Reactor, which uses hydrothermal conditions to break down complex hydrocarbon feedstocks into valuable byproducts. By converting tire rubber and mixed plastics into recovered carbon black, pyrolysis oil, syngas and steel, Alset aims to provide an environmentally sustainable alternative to traditional disposal and incineration methods.

The company’s HydroPyrolysis technology operates at moderate temperatures and pressures to maximize yield and purity of carbon-rich outputs.