Strive (NASDAQ:ASST) Shares Down 7.8% – What’s Next?

Strive, Inc. (NASDAQ:ASST)’s share price traded down 7.8% during mid-day trading on Friday . The company traded as low as $0.8805 and last traded at $0.9005. 108,468,163 shares traded hands during trading, an increase of 232% from the average session volume of 32,718,035 shares. The stock had previously closed at $0.9766.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Strive from a “hold” rating to a “sell” rating in a research note on Friday, September 26th.

Strive Price Performance

The company has a 50-day moving average of $1.39 and a two-hundred day moving average of $4.03. The company has a market capitalization of $734.34 million, a PE ratio of -3.00 and a beta of 16.72.

Strive (NASDAQ:ASST) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.22) EPS for the quarter. The firm had revenue of $1.54 million during the quarter.

Hedge Funds Weigh In On Strive

Large investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP bought a new position in shares of Strive in the third quarter worth approximately $27,000. Verition Fund Management LLC bought a new stake in shares of Strive during the 3rd quarter valued at $28,000. Gruss & Co. LLC purchased a new position in shares of Strive during the 3rd quarter valued at $38,000. McElhenny Sheffield Capital Management LLC bought a new position in Strive in the 2nd quarter worth $39,000. Finally, Ground Swell Capital LLC purchased a new stake in Strive in the 2nd quarter worth $40,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Strive Company Profile

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.