Strive (NASDAQ:ASST) Sees Unusually-High Trading Volume – Time to Buy?

Strive, Inc. (NASDAQ:ASST) shares saw unusually-high trading volume on Monday . Approximately 46,535,212 shares changed hands during 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 Ratings Changes

ASST has been the subject of a number of analyst reports. Maxim Group set a $1.50 target price on shares of Strive and gave the company a “buy” rating in a research report on Wednesday, December 10th. Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a report on Monday. Finally, Wall Street Zen upgraded Strive from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $1.50.

Strive Stock Performance

The firm’s fifty day simple moving average is $1.14 and its 200 day simple moving average is $3.53. The stock has a market capitalization of $692.35 million, a P/E ratio of -2.83 and a beta of 16.72.

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

Insider Activity

In other Strive news, CEO Matthew Ryan Cole purchased 248,999 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was purchased at an average cost of $0.80 per share, for a total transaction of $199,199.20. Following the acquisition, the chief executive officer owned 366,709 shares in the company, valued at approximately $293,367.20. The trade was a 211.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 56.47% of the stock is owned by corporate insiders.

Institutional Trading of Strive

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hudson Bay Capital Management LP purchased a new position in Strive during the 2nd quarter worth $27,778,000. McElhenny Sheffield Capital Management LLC purchased a new position in Strive during the second quarter worth about $39,000. Ground Swell Capital LLC bought a new stake in Strive in the 2nd quarter worth about $40,000. Bellecapital International Ltd. purchased a new stake in Strive in the 2nd quarter valued at about $42,000. Finally, Anson Funds Management LP increased its stake in Strive by 4,028.5% in the 3rd quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock valued at $88,125,000 after buying an additional 36,147,300 shares during the last quarter. 5.52% of the stock is owned by hedge funds and other institutional investors.

About Strive

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.