Antalpha Platform (NASDAQ:ANTA) Shares Down 3.1% – Here’s Why

Antalpha Platform Holding Company (NASDAQ:ANTAGet Free Report)’s stock price dropped 3.1% during mid-day trading on Wednesday . The stock traded as low as $6.64 and last traded at $6.3960. Approximately 1,957 shares traded hands during trading, a decline of 40% from the average daily volume of 3,257 shares. The stock had previously closed at $6.60.

Analyst Ratings Changes

Separately, B. Riley Financial cut their price target on Antalpha Platform from $10.00 to $9.50 and set a “buy” rating for the company in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $9.50.

Read Our Latest Research Report on Antalpha Platform

Antalpha Platform Trading Up 3.8%

The stock has a market cap of $158.00 million and a PE ratio of 7.85. The business has a 50-day moving average of $8.24 and a 200 day moving average of $8.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.14.

Antalpha Platform (NASDAQ:ANTAGet Free Report) last posted its quarterly earnings data on Tuesday, May 19th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $20.72 million during the quarter. Antalpha Platform had a return on equity of 14.27% and a net margin of 22.72%. Equities research analysts predict that Antalpha Platform Holding Company will post 0.27 EPS for the current fiscal year.

Institutional Trading of Antalpha Platform

A hedge fund recently bought a new stake in Antalpha Platform stock. JPMorgan Chase & Co. purchased a new stake in Antalpha Platform Holding Company (NASDAQ:ANTAFree Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,705 shares of the company’s stock, valued at approximately $31,000.

About Antalpha Platform

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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.

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