Alset (NASDAQ:AEI) Stock Price Up 1.2% - What's Next?

Shares of Alset Inc. (NASDAQ:AEI - Get Free Report) shot up 1.2% during trading on Monday . The company traded as high as $2.57 and last traded at $2.45. 15,566 shares were traded during mid-day trading, a decline of 79% from the average session volume of 75,273 shares. The stock had previously closed at $2.42.Analysts Set New Price TargetsSeveral research firms recently weighed in on AEI. Wall Street Zen upgraded shares of Alset to a "sell" rating in a report on Saturday, October 4th. Weiss Ratings restated a "sell (d-)" rating on shares of Alset in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of "Sell".Get Our Latest Report on AEIAlset Stock Up 1.2%The firm's 50 day moving average price is $2.70 and its two-hundred day moving average price is $1.65. The firm has a market capitalization of $95.74 million, a PE ratio of -2.33 and a beta of 1.42. Alset (NASDAQ:AEI - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.71) EPS for the quarter. The firm had revenue of $1.10 million during the quarter. Alset had a negative return on equity of 14.31% and a negative net margin of 77.86%.Insider Activity at AlsetIn related news, CEO Heng Fai Ambrose Chan sold 500,000 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $2.67, for a total value of $1,335,000.00. Following the completion of the transaction, the chief executive officer owned 31,322,903 shares of the company's stock, valued at approximately $83,632,151.01. This represents a 1.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 90.30% of the company's stock. Institutional Trading of AlsetA hedge fund recently raised its stake in Alset stock. Vanguard Group Inc. raised its position in shares of Alset Inc. (NASDAQ:AEI - Free Report) by 2,757.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 618,210 shares of the company's stock after buying an additional 596,572 shares during the quarter. Vanguard Group Inc. owned about 1.58% of Alset worth $1,564,000 at the end of the most recent quarter. Institutional investors and hedge funds own 2.74% of the company's stock. About Alset (Get Free Report)Alset Inc engages in the real estate development, financial services, digital transformation technologies, biohealth activities, and consumer products businesses in the United States, Singapore, Hong Kong, Australia, and South Korea. It operates through four segments: Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities segments.See AlsoFive stocks we like better than AlsetCanadian Penny Stocks: Can They Make You Rich? Insiders Sold Big at These 3 Stocks—Should You Worry?What is the Euro STOXX 50 Index?Shares Down, Price Targets Up: 3 Stocks Upgraded After +10% DropsFollowing Congress Stock TradesNuclear Stocks Are Melting Down—Should Investors Panic?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Alset Right Now?Before you consider Alset, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alset wasn't on the list.While Alset currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here