Antalpha Platform (NASDAQ:ANTA) Shares Up 2.7% – Should You Buy?

Antalpha Platform Holding Company (NASDAQ:ANTA)’s stock price traded up 2.7% during mid-day trading on Thursday . The stock traded as high as $5.39 and last traded at $5.3410. 4,632 shares changed hands during trading, an increase of 62% from the average daily volume of 2,851 shares. The stock had previously closed at $5.20.

Analysts Set New Price Targets

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

Antalpha Platform Price Performance

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’s fifty day simple moving average is $7.50 and its 200-day simple moving average is $8.27. The company has a market capitalization of $123.38 million, a P/E ratio of 7.22 and a beta of 1.63.

Antalpha Platform (NASDAQ:ANTA) last posted its quarterly earnings data on Tuesday, May 19th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. Antalpha Platform had a return on equity of 14.27% and a net margin of 22.72%.The company had revenue of $20.72 million during the quarter. On average, equities analysts forecast that Antalpha Platform Holding Company will post 0.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Antalpha Platform

An institutional investor recently bought a new stake in Antalpha Platform stock. JPMorgan Chase & Co. bought a new position in shares of Antalpha Platform Holding Company (NASDAQ:ANTA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,705 shares of the company’s stock, valued at approximately $31,000.

Antalpha Platform Company Profile

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.