Antalpha Platform (NASDAQ:ANTA) Raised to Hold at Zacks Research

Antalpha Platform (NASDAQ:ANTA) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

ANTA has been the subject of a number of other research reports. Weiss Ratings initiated coverage on shares of Antalpha Platform in a research report on Wednesday, August 26th. They set a “sell (d)” rating for the company. B. Riley Financial cut their price target on shares of Antalpha Platform from $9.50 to $7.50 and set a “buy” rating for the company in a report on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Antalpha Platform presently has a consensus rating of “Hold” and a consensus price target of $7.50.

Antalpha Platform Stock Performance

Antalpha Platform stock opened at $1.93 on Monday. The firm has a market capitalization of $46.34 million, a P/E ratio of 8.04 and a beta of 2.31. The stock has a fifty day moving average price of $3.20 and a two-hundred day moving average price of $5.40. Antalpha Platform has a 52-week low of $1.93 and a 52-week high of $12.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.29.

Antalpha Platform (NASDAQ:ANTA) last issued its earnings results on Thursday, August 20th. The company reported ($0.47) EPS for the quarter. Antalpha Platform had a net margin of 7.94% and a return on equity of 3.97%. The firm had revenue of $2.41 million during the quarter. As a group, analysts anticipate that Antalpha Platform will post -0.20 EPS for the current fiscal year.

Antalpha Platform Company Profile

Antalpha Platform Holding Company Limited (NASDAQ: ANTA) is a financial technology company focused on providing digital asset-related financial services to institutional participants. Its business is primarily connected with the cryptocurrency and bitcoin-mining ecosystems.

The company offers financing and lending solutions designed for digital asset businesses, including bitcoin mining companies. It also provides services related to treasury management, collateral management and the procurement or financing of mining equipment, helping institutional customers manage capital and operational needs within the digital asset industry.

Antalpha serves customers internationally, with activities focused on markets where digital asset mining and related institutional services are established.