Strive (NASDAQ:ASST) Shares Down 7% – Here’s What Happened

Shares of Strive, Inc. (NASDAQ:ASST) traded down 7% during mid-day trading on Thursday . The company traded as low as $0.9762 and last traded at $0.9766. 126,729,512 shares were traded during mid-day trading, an increase of 291% from the average session volume of 32,373,563 shares. The stock had previously closed at $1.05.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Strive from a “hold” rating to a “sell” rating in a report on Friday, September 26th.

Strive Stock Down 7.0%

The company has a fifty day simple moving average of $1.42 and a 200-day simple moving average of $4.05. The firm has a market cap of $796.40 million, a P/E ratio of -3.26 and a beta of 16.72.

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

Institutional Trading of Strive

Hedge funds and other institutional investors have recently modified their holdings of the company. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Strive during the 2nd quarter valued at $39,000. Engineers Gate Manager LP bought a new stake in Strive during the second quarter valued at about $40,000. Two Sigma Investments LP bought a new stake in Strive during the third quarter valued at about $27,000. Ground Swell Capital LLC purchased a new position in shares of Strive in the second quarter valued at about $40,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Strive by 180.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after acquiring an additional 7,057 shares during the period. 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.