Strive (NASDAQ:ASST) Sees Unusually-High Trading Volume – Still a Buy?

Strive, Inc. (NASDAQ:ASSTGet Free Report) saw an uptick in trading volume on Thursday . 50,272,608 shares changed hands during mid-day trading, an increase of 58% from the previous session’s volume of 31,913,871 shares.The stock last traded at $1.0050 and had previously closed at $1.05.

Analyst Upgrades and Downgrades

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

Get Our Latest Report on ASST

Strive Stock Performance

The firm has a market capitalization of $803.25 million, a price-to-earnings ratio of -3.29 and a beta of 16.72. The company has a 50-day moving average price of $1.42 and a 200-day moving average price of $4.05.

Strive (NASDAQ:ASSTGet Free Report) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. The company had revenue of $1.54 million during the quarter.

Institutional Trading of Strive

A number of hedge funds and other institutional investors have recently made changes to their positions in ASST. Two Sigma Investments LP purchased a new position in Strive during the 3rd quarter worth approximately $27,000. Verition Fund Management LLC acquired a new stake in shares of Strive in the 3rd quarter valued at approximately $28,000. Gruss & Co. LLC acquired a new position in Strive during the third quarter worth $38,000. McElhenny Sheffield Capital Management LLC purchased a new position in Strive in the second quarter worth $39,000. Finally, Ground Swell Capital LLC acquired a new stake in Strive in the second quarter valued at $40,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

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.

Further Reading

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