Antalpha Platform (NASDAQ:ANTA) Releases Earnings Results, Beats Expectations By $0.14 EPS

Antalpha Platform (NASDAQ:ANTA) released its quarterly earnings results on Monday. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.14, Zacks reports.

Antalpha Platform Price Performance

Shares of Antalpha Platform stock opened at $10.80 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.99. Antalpha Platform has a 1-year low of $10.19 and a 1-year high of $27.72. The firm’s 50-day simple moving average is $11.98. The firm has a market capitalization of $249.48 million and a P/E ratio of 54.00.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on shares of Antalpha Platform in a research note on Tuesday, November 4th. They set a “buy” rating and a $14.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average target price of $14.00.

Hedge Funds Weigh In On Antalpha Platform

An institutional investor recently bought a new position in Antalpha Platform stock. JPMorgan Chase & Co. purchased a new position in Antalpha Platform Holding Company (NASDAQ:ANTA) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,705 shares of the company’s stock, valued at approximately $31,000.

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.