Strive (NASDAQ:ASST) Sees Large Volume Increase – Here’s Why

by · The Cerbat Gem

Strive, Inc. (NASDAQ:ASST – Get Free Report) saw an uptick in trading volume on Monday . 46,535,212 shares changed hands during mid-day trading, an increase of 37% from the previous session’s volume of 34,031,430 shares.The stock last traded at $0.7970 and had previously closed at $0.8632.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ASST. Weiss Ratings initiated coverage on shares of Strive in a research report on Monday, December 8th. They set a “sell (e-)” rating on the stock. Wall Street Zen raised Strive from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Maxim Group set a $1.50 price objective on Strive and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1.50.

View Our Latest Stock Report on ASST

Strive Trading Down 7.2%

The firm has a market capitalization of $653.20 million, a price-to-earnings ratio of -2.67 and a beta of 16.71. The company has a fifty day moving average price of $1.20 and a 200-day moving average price of $3.62.

Strive (NASDAQ:ASST – Get Free Report) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.22) earnings per share for the quarter. The company had revenue of $1.54 million for the quarter.

Institutional Trading of Strive

Large investors have recently modified their holdings of the company. Two Sigma Investments LP bought a new position in Strive in the 3rd quarter worth $27,000. Verition Fund Management LLC bought a new position in shares of Strive in the third quarter worth about $28,000. Gruss & Co. LLC acquired a new position in shares of Strive during the 3rd quarter worth about $38,000. McElhenny Sheffield Capital Management LLC bought a new stake in Strive during the 2nd quarter valued at approximately $39,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of Strive in the second quarter worth $40,000. 5.52% of the stock is owned by institutional investors.

About Strive

(Get Free Report)

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.

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