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

Shares of Strive, Inc. (NASDAQ:ASST) fell 7% on Thursday . The stock 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.

Wall Street Analysts Forecast Growth

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

Strive Price Performance

The company has a 50-day moving average of $1.42 and a 200 day moving average of $4.05. The company has a market cap of $796.40 million, a PE ratio of -3.26 and a beta of 16.72.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Yorkville Advisors Global LP bought a new position in Strive during the third quarter valued at $92,593,000. Anson Funds Management LP boosted its stake in shares of Strive by 4,028.5% during the 3rd quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock worth $88,125,000 after purchasing an additional 36,147,300 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of Strive during the 3rd quarter worth about $84,375,000. MMCAP International Inc. SPC bought a new position in Strive during the 3rd quarter valued at about $46,296,000. Finally, Woodline Partners LP purchased a new stake in Strive in the 3rd quarter worth about $31,481,000. 5.52% of the stock is owned by hedge funds and other institutional investors.

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.