Strive (NASDAQ:ASST) Shares Gap Down – Time to Sell?

Shares of Strive, Inc. (NASDAQ:ASST) gapped down before the market opened on Thursday . The stock had previously closed at $1.00, but opened at $0.96. Strive shares last traded at $0.9230, with a volume of 16,850,724 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ASST shares. Wall Street Zen upgraded Strive from a “sell” rating to a “hold” rating in a research note on Saturday. Maxim Group set a $1.50 target price on shares of Strive and gave the stock a “buy” rating in a research report on Wednesday. Finally, Weiss Ratings started coverage on shares of Strive in a research note on Monday. They set a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1.50.

Strive Price Performance

The firm has a market cap of $703.92 million, a PE ratio of -2.88 and a beta of 16.72. The business has a 50-day moving average price of $1.20 and a two-hundred day moving average price of $3.67.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP purchased a new position in Strive during the third quarter worth $27,000. Verition Fund Management LLC acquired a new position in Strive in the 3rd quarter valued at about $28,000. Gruss & Co. LLC purchased a new position in Strive in the 3rd quarter valued at about $38,000. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Strive during the 2nd quarter worth about $39,000. Finally, Ground Swell Capital LLC purchased a new stake in shares of Strive during the second quarter worth about $40,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

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.