Strive (ASST) Expected to Announce Earnings on Thursday

Key Points

• Strive (ASST) will report earnings before the market opens on Thursday, Dec. 18, with analysts forecasting EPS of ($0.01) and $1.80M in revenue versus last quarter's EPS of ($0.22) and $1.54M in revenue.
• Shares opened at $0.86, trade well below their 50‑day ($1.20) and 200‑day ($3.62) moving averages, have a one‑year range of $0.34–$13.42, a market cap of $703.9M, and an extremely high beta of 16.71, signaling heavy volatility.
• Several institutions added sizable Q3 stakes (e.g., Alyeska ~$84.4M, Woodline ~$31.5M; Bank of America sharply increased its position), institutional ownership is ~5.52%, and Wall Street shows mixed views with a consensus “Hold” and an average price target of $1.50.

Strive (NASDAQ:ASST - Get Free Report) will likely be posting its results before the market opens on Thursday, December 18th. Analysts expect Strive to post earnings of ($0.01) per share and revenue of $1.80 million for the quarter.

Strive (NASDAQ:ASST - Get Free Report) last released 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 for the quarter.

Strive Stock Performance

Shares of NASDAQ:ASST opened at $0.86 on Monday. The firm's 50 day simple moving average is $1.20 and its 200-day simple moving average is $3.62. Strive has a one year low of $0.34 and a one year high of $13.42. The firm has a market cap of $703.92 million, a PE ratio of -2.88 and a beta of 16.71.

Institutional Trading of Strive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Woodline Partners LP purchased a new stake in Strive in the third quarter valued at approximately $31,481,000. Alyeska Investment Group L.P. purchased a new stake in shares of Strive in the 3rd quarter valued at $84,375,000. Verition Fund Management LLC acquired a new stake in shares of Strive in the third quarter worth $28,000. Nomura Holdings Inc. purchased a new position in shares of Strive during the third quarter worth $200,000. Finally, Bank of America Corp DE lifted its position in Strive by 5,539.9% during the third quarter. Bank of America Corp DE now owns 92,213 shares of the company's stock valued at $231,000 after purchasing an additional 90,578 shares during the period. Institutional investors and hedge funds own 5.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ASST. Wall Street Zen upgraded shares of Strive from a "sell" rating to a "hold" rating in a research note on Saturday. Maxim Group set a $1.50 price target on Strive and gave the company a "buy" rating in a report on Wednesday. Finally, Weiss Ratings initiated coverage on Strive in a research report on Monday, December 8th. They issued a "sell (e-)" rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $1.50.

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.

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