Strive (NASDAQ:ASST) Stock Price Down 6.8% – Time to Sell?

Strive, Inc. (NASDAQ:ASST)’s stock price was down 6.8% during mid-day trading on Wednesday . The company traded as low as $13.00 and last traded at $13.00. 744,728 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 4,484,060 shares. The stock had previously closed at $13.95.

Analyst Ratings Changes

A number of research firms recently commented on ASST. Maxim Group decreased their price target on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. TD Cowen reiterated 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. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Benchmark reissued a “buy” rating on shares of Strive in a research note on Monday, June 15th. Finally, B. Riley Financial increased their target price on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Strive has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Strive Stock Performance

The company has a market capitalization of $833.11 million, a P/E ratio of -1.33 and a beta of 13.09. 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’s 50 day simple moving average is $15.80 and its two-hundred day simple moving average is $14.10.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in shares of Strive in the 4th quarter valued at $25,000. Valtinson Bruner Financial Planning LLC acquired a new position in shares of Strive during the fourth quarter valued at $25,000. Verdence Capital Advisors LLC acquired a new position in shares of Strive during the fourth quarter valued at $26,000. Institute for Wealth Management LLC. bought a new position in Strive in the fourth quarter valued at about $26,000. Finally, Pinnacle Associates Ltd. bought a new position in Strive in the fourth quarter valued at about $26,000. 5.52% of the stock is currently owned by institutional investors.

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.