Strive (NASDAQ:ASST) Shares Gap Down - Should You Sell?

Key Points

• Gapped down: Strive opened at $1.0550 Monday after closing at $1.12 and last traded $1.0450 on heavy volume (13.6M), trading well below its 50‑day ($1.57) and 200‑day ($4.14) moving averages.
• Analyst and fundamental weakness: Wall Street Zen downgraded the stock from a "hold" to a "sell", and Strive reported Q3 EPS of ($0.22) on just $1.54M revenue with a negative PE (-3.48) and very high beta (16.71).
• Mixed institutional action: large new/expanded stakes were recorded (Yorkville ~ $92.6M, Anson ~ $88.1M holding 35.25M shares), but institutional ownership remains modest at 5.52%.

Strive, Inc. (NASDAQ:ASST - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $1.12, but opened at $1.0550. Strive shares last traded at $1.0450, with a volume of 13,600,540 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Strive from a "hold" rating to a "sell" rating in a research note on Friday, September 26th.

Strive Stock Performance

The stock's 50-day simple moving average is $1.57 and its 200 day simple moving average is $4.14. The company has a market cap of $852.18 million, a PE ratio of -3.48 and a beta of 16.71.

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

Institutional Investors Weigh In On Strive

Several institutional investors and hedge funds have recently bought and sold shares of the business. McElhenny Sheffield Capital Management LLC bought a new stake in Strive during the 2nd quarter valued at $39,000. Yorkville Advisors Global LP purchased a new position in Strive in the third quarter valued at about $92,593,000. Anson Funds Management LP lifted its stake in shares of Strive by 4,028.5% in the 3rd quarter. Anson Funds Management LP now owns 35,250,000 shares of the company's stock valued at $88,125,000 after purchasing an additional 36,147,300 shares during the last quarter. Ghisallo Capital Management LLC acquired a new stake in shares of Strive in the third quarter worth $27,778,000. Finally, Harraden Circle Investments LLC acquired a new position in shares of Strive during the third quarter worth approximately $9,259,000. Institutional investors and hedge funds own 5.52% of the company's stock.

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.

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