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

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

Several other analysts have also recently issued reports on the company. Weiss Ratings initiated coverage on Antalpha Platform in a research note on Wednesday, August 26th. They issued a “sell (d)” rating on the stock. B. Riley Financial lowered their price target 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 equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Antalpha Platform currently has a consensus rating of “Hold” and a consensus target price of $7.50.

Antalpha Platform Price Performance

Shares of Antalpha Platform stock opened at $1.93 on Monday. The company’s fifty day simple moving average is $3.20 and its two-hundred day simple moving average is $5.40. Antalpha Platform has a 12-month low of $1.93 and a 12-month high of $12.44. The firm has a market cap of $46.34 million, a PE ratio of 7.92 and a beta of 2.31. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.50.

Antalpha Platform (NASDAQ:ANTA) last issued its quarterly earnings data on Thursday, August 20th. The company reported ($0.47) EPS for the quarter. The firm had revenue of $2.41 million for the quarter. Antalpha Platform had a net margin of 7.94% and a return on equity of 3.97%. As a group, equities analysts expect that Antalpha Platform will post -0.20 EPS for the current year.

About Antalpha Platform

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.