Strive (NASDAQ:ASST) Stock Price Up 6.6% - What's Next?

Key Points

• Strive shares rose 6.6% to about $13.12, despite trading volume falling 59% below the stock’s average daily volume.
• Analysts maintain a generally positive outlook, with five Buy ratings, one Hold and one Sell; the consensus target price of $27.20 implies substantial potential upside.
• The company reported a significantly wider-than-expected quarterly loss of $3.65 per share, while revenue of $2.94 million slightly missed estimates and analysts forecast a full-year loss of $9.40 per share.

Strive, Inc. (NASDAQ:ASST - Get Free Report)'s stock price shot up 6.6% during trading on Monday . The company traded as high as $13.23 and last traded at $13.1220. 1,710,109 shares were traded during trading, a decline of 59% from the average daily volume of 4,200,464 shares. The stock had previously closed at $12.31.

Wall Street Analysts Forecast Growth

ASST has been the subject of a number of research reports. Wall Street Zen upgraded Strive from a "strong sell" rating to a "sell" rating in a report on Saturday, May 16th. HC Wainwright reduced their price objective on Strive from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, August 11th. Weiss Ratings upgraded Strive from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 14th. Benchmark reissued a "buy" rating on shares of Strive in a research report on Monday, June 15th. Finally, B. Riley Financial raised their price target on Strive from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Strive has an average rating of "Moderate Buy" and a consensus target price of $27.20.

Strive Stock Up 6.7%

The stock has a market capitalization of $1.12 billion, a P/E ratio of -1.53 and a beta of 13.20. The stock's 50 day moving average price is $12.86 and its 200-day moving average price is $12.64.

Strive (NASDAQ:ASST - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing analysts' consensus estimates of ($0.95) by ($2.70). The business had revenue of $2.94 million during the quarter, compared to the consensus estimate of $3.02 million. Strive had a negative return on equity of 141.47% and a negative net margin of 10,957.22%. Analysts anticipate that Strive, Inc. will post -9.4 earnings per share for the current year.

Institutional Investors Weigh In On Strive

A number of institutional investors have recently added to or reduced their stakes in the stock. Formidable Asset Management LLC purchased a new position in Strive in the first quarter valued at about $113,000. J. Derek Lewis & Associates Inc. bought a new stake in shares of Strive in the 4th quarter valued at about $71,000. Corient Private Wealth LLC bought a new stake in shares of Strive in the 4th quarter valued at about $388,000. TRU Independence Asset Management 2 LLC purchased a new position in shares of Strive in the 4th quarter worth approximately $63,000. Finally, Kera Capital Partners Inc. purchased a new position in shares of Strive in the 4th quarter worth approximately $36,000. Institutional investors own 5.52% of the company's stock.

About Strive

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.

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