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

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

Antalpha Platform Trading Down 3.3%

Shares of Antalpha Platform stock opened at $10.80 on Monday. The company has a market capitalization of $249.48 million and a PE ratio of 54.00. The business has a 50-day simple moving average of $11.98. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.99. Antalpha Platform has a 52 week low of $10.19 and a 52 week high of $27.72.

Hedge Funds Weigh In On Antalpha Platform

A hedge fund recently bought a new stake 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,705 shares of the company’s stock, valued at approximately $31,000.

Analyst Ratings Changes

Separately, B. Riley began coverage on Antalpha Platform in a report on Tuesday, November 4th. They set a “buy” rating and a $14.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has an average rating of “Strong Buy” and a consensus price target of $14.00.

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.