Antalpha Platform (NASDAQ:ANTA) Stock Rating Upgraded by Zacks Research

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

Several other equities analysts have also commented on the company. Weiss Ratings initiated coverage on Antalpha Platform in a research report on Wednesday, August 26th. They set a “sell (d)” rating on the stock. B. Riley Financial dropped their target price on Antalpha Platform from $9.50 to $7.50 and set a “buy” rating for the company in a research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.50.

Antalpha Platform Price Performance

ANTA stock opened at $1.93 on Monday. The firm has a 50 day simple moving average of $3.20 and a two-hundred day simple moving average of $5.40. The stock has a market cap of $46.34 million, a PE ratio of 7.92 and a beta of 2.31. Antalpha Platform has a one year low of $1.93 and a one year 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 posted its quarterly earnings data on Thursday, August 20th. The company reported ($0.47) earnings per share for the quarter. Antalpha Platform had a net margin of 7.94% and a return on equity of 3.97%. The company had revenue of $2.41 million for the quarter. On average, analysts predict 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.