Antalpha Platform (NASDAQ:ANTA) Trading 2.4% Higher – Here’s Why

Antalpha Platform Holding Company (NASDAQ:ANTA)’s share price was up 2.4% during mid-day trading on Wednesday . The company traded as high as $7.08 and last traded at $7.4310. Approximately 489 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 3,066 shares. The stock had previously closed at $7.26.

Wall Street Analysts Forecast Growth

Separately, B. Riley Financial reduced their price target on Antalpha Platform from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Antalpha Platform has a consensus rating of “Buy” and an average target price of $10.00.

Antalpha Platform Stock Performance

The company has a market capitalization of $171.66 million and a price-to-earnings ratio of 10.47. The stock’s 50 day moving average price is $8.61 and its 200 day moving average price is $9.98. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 3.56.

Antalpha Platform (NASDAQ:ANTA) last released its earnings results on Wednesday, March 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.14. Antalpha Platform had a return on equity of 18.58% and a net margin of 23.21%.The business had revenue of $28.01 million for the quarter, compared to the consensus estimate of $26.67 million.

Institutional Investors Weigh In On Antalpha Platform

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wyoming bought a new position in shares of Antalpha Platform in the third quarter valued at $184,000. Oxford Asset Management LLP acquired a new position in Antalpha Platform during the second quarter worth $143,000. Connective Capital Management LLC bought a new stake in Antalpha Platform during the second quarter worth $248,000. Finally, JPMorgan Chase & Co. acquired a new stake in Antalpha Platform in the second quarter valued at $31,000.

Antalpha Platform Company Profile

Antalpha provides financing, technology and risk management solutions to the digital asset industry. As the primary lending partner for Bitmain, we are a provider of supply chain financing solutions to institutional and corporate participants in the Bitcoin mining industry, offering loans secured by Bitcoin and Bitcoin mining machines. We have developed a technology platform, Antalpha Prime, which enables our customers to apply for and manage their digital asset loans while allowing us to closely monitor collateral positions.