B. Riley Financial Cuts Antalpha Platform (NASDAQ:ANTA) Price Target to $7.50

Antalpha Platform (NASDAQ:ANTA) had its target price decreased by investment analysts at B. Riley Financial from $9.50 to $7.50 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley Financial’s price target indicates a potential upside of 85.19% from the stock’s previous close.

Antalpha Platform Stock Up 4.7%

Shares of NASDAQ ANTA opened at $4.05 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $97.26 million, a P/E ratio of 5.47 and a beta of 1.96. The firm’s 50 day simple moving average is $4.62 and its two-hundred day simple moving average is $6.99. Antalpha Platform has a one year low of $3.00 and a one year high of $13.82.

Antalpha Platform (NASDAQ:ANTA) last announced its quarterly earnings results on Tuesday, May 19th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $20.72 million for the quarter. Antalpha Platform had a net margin of 22.72% and a return on equity of 14.27%. As a group, analysts expect that Antalpha Platform will post 0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Antalpha Platform stock. Oxford Asset Management LLP purchased a new position in Antalpha Platform Holding Company (NASDAQ:ANTA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,376 shares of the company’s stock, valued at approximately $143,000. Oxford Asset Management LLP owned 0.05% of Antalpha Platform as of its most recent SEC filing.

About Antalpha Platform

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.