Strive Sees Unusually Large Options Volume (NASDAQ:ASST)

Strive, Inc. (NASDAQ:ASST) saw some unusual options trading on Wednesday. Investors purchased 55,751 call options on the company. This is an increase of approximately 59% compared to the typical daily volume of 35,149 call options.

Strive Stock Performance

Shares of NASDAQ ASST traded down $1.06 during mid-day trading on Wednesday, hitting $15.07. The company had a trading volume of 3,522,697 shares, compared to its average volume of 4,433,083. The firm’s 50 day simple moving average is $14.22 and its two-hundred day simple moving average is $14.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.44 and a quick ratio of 11.44. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -1.76 and a beta of 13.09. Strive has a 12 month low of $7.02 and a 12 month high of $252.00.

Strive (NASDAQ:ASST) last issued its earnings results on Thursday, May 14th. The company reported ($5.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.70) by ($2.49). Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%.The company had revenue of $2.76 million during the quarter, compared to analyst estimates of $2.73 million. As a group, equities research analysts forecast that Strive will post -4.11 earnings per share for the current year.

Institutional Investors Weigh In On Strive

A number of large investors have recently bought and sold shares of the business. Formidable Asset Management LLC acquired a new position in shares of Strive in the 1st quarter valued at $113,000. J. Derek Lewis & Associates Inc. bought a new position in shares of Strive in the 4th quarter valued at about $71,000. Corient Private Wealth LLC bought a new position in shares of Strive in the 4th quarter valued at about $388,000. TRU Independence Asset Management 2 LLC bought a new position in Strive during the fourth quarter worth about $63,000. Finally, Kera Capital Partners Inc. acquired a new stake in Strive during the fourth quarter worth approximately $36,000. 5.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ASST has been the subject of a number of research reports. Zacks Research upgraded Strive to a “hold” rating in a research note on Wednesday, March 11th. Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. HC Wainwright boosted their target price on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Benchmark assumed coverage on Strive in a research report on Tuesday. They issued a “buy” rating and a $32.00 price objective on the stock. Finally, TD Cowen restated a “buy” rating and issued a $30.00 price objective (up from $28.00) on shares of Strive in a research report on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Strive Company Profile

Asset Entities, Inc (NASDAQ: ASST) is a specialty finance company that acquires, originates and services asset-backed loans and receivables across a range of industry sectors. The firm focuses on structuring and managing credit portfolios in equipment finance, commercial receivables and other asset-backed classes, employing securitization vehicles and bespoke financing solutions to deliver liquidity to underserved small- and mid-market borrowers.

Through its platform, Asset Entities leverages data-driven underwriting, risk management and portfolio optimization to create diversified exposure across end markets.