Antalpha Platform (NASDAQ:ANTA) Price Target Lowered to $7.50 at B. Riley Financial

Antalpha Platform (NASDAQ:ANTA) had its price target lowered by equities research analysts at B. Riley Financial from $9.50 to $7.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial’s target price would suggest a potential upside of 85.19% from the stock’s current price.

Antalpha Platform Price Performance

Shares of NASDAQ ANTA opened at $4.05 on Thursday. Antalpha Platform has a fifty-two week low of $3.00 and a fifty-two week high of $13.82. The stock has a market capitalization of $97.26 million, a price-to-earnings ratio of 5.47 and a beta of 1.96. 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 business has a 50-day moving average of $4.62 and a 200-day moving average of $6.99.

Antalpha Platform (NASDAQ:ANTA) last released its earnings results on Tuesday, May 19th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $20.72 million for the quarter. Antalpha Platform had a return on equity of 14.27% and a net margin of 22.72%. As a group, sell-side analysts predict that Antalpha Platform will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Antalpha Platform

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

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. 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.