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Strive, Inc. (ASST) Stock Jumps 10.0%: Will It Continue to Soar?
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Strive, Inc. (ASST - Free Report) shares rallied 10% in the last trading session to close at $16.67. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9.8% loss over the past four weeks.
Shares of ASST continued their winning streak for the fourth consecutive trading session. The price increase appears to have been driven primarily by Strive's announcement that it added more Bitcoin to its treasury, combined with strength in Bitcoin itself and investor enthusiasm for its ongoing Bitcoin-accumulation strategy.
This company is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of +111.2%. Revenues are expected to be $2.88 million, up 1594.1% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Strive, Inc., the consensus EPS estimate for the quarter has been revised 79.6% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on ASST going forward to see if this recent jump can turn into more strength down the road.
Strive, Inc. is a member of the Zacks Financial - Investment Management industry. One other stock in the same industry, Virtus Investment Partners (VRTS - Free Report) , finished the last trading session 1% lower at $143.78. VRTS has returned 5.2% over the past month.
For Virtus, the consensus EPS estimate for the upcoming report has changed -3.3% over the past month to $5.96. This represents a change of -4.6% from what the company reported a year ago. Virtus currently has a Zacks Rank of #3 (Hold).
View the Zacks #1 Rank List
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Strive, Inc. (ASST) Stock Jumps 10.0%: Will It Continue to Soar?
Strive, Inc. (ASST - Free Report) shares rallied 10% in the last trading session to close at $16.67. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9.8% loss over the past four weeks.
Shares of ASST continued their winning streak for the fourth consecutive trading session. The price increase appears to have been driven primarily by Strive's announcement that it added more Bitcoin to its treasury, combined with strength in Bitcoin itself and investor enthusiasm for its ongoing Bitcoin-accumulation strategy.
This company is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of +111.2%. Revenues are expected to be $2.88 million, up 1594.1% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Strive, Inc., the consensus EPS estimate for the quarter has been revised 79.6% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on ASST going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Strive, Inc. is a member of the Zacks Financial - Investment Management industry. One other stock in the same industry, Virtus Investment Partners (VRTS - Free Report) , finished the last trading session 1% lower at $143.78. VRTS has returned 5.2% over the past month.
For Virtus, the consensus EPS estimate for the upcoming report has changed -3.3% over the past month to $5.96. This represents a change of -4.6% from what the company reported a year ago. Virtus currently has a Zacks Rank of #3 (Hold).