Antalpha Platform (NASDAQ:ANTA) Trading 2.4% Higher – Still a Buy?

Antalpha Platform Holding Company (NASDAQ:ANTA) traded up 2.4% during mid-day trading on Wednesday . The company traded as high as $7.08 and last traded at $7.4310. 489 shares changed hands during trading, a decline of 84% from the average session volume of 3,066 shares. The stock had previously closed at $7.26.

Analyst Ratings Changes

Separately, B. Riley Financial cut their target price on shares of Antalpha Platform from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $10.00.

Antalpha Platform Stock Up 2.4%

The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 3.56. The company has a market capitalization of $171.66 million and a P/E ratio of 10.47. The firm has a fifty day simple moving average of $8.61 and a 200-day simple moving average of $9.98.

Antalpha Platform (NASDAQ:ANTA) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.14. The business had revenue of $28.01 million during the quarter, compared to analyst estimates of $26.67 million. Antalpha Platform had a return on equity of 18.58% and a net margin of 23.21%.

Institutional Investors Weigh In On Antalpha Platform

Several institutional investors have recently added to or reduced their stakes in ANTA. Connective Capital Management LLC acquired a new position in Antalpha Platform in the 2nd quarter worth $248,000. Oxford Asset Management LLP acquired a new stake in shares of Antalpha Platform in the 2nd quarter valued at about $143,000. JPMorgan Chase & Co. bought a new stake in shares of Antalpha Platform in the second quarter valued at about $31,000. Finally, State of Wyoming acquired a new position in shares of Antalpha Platform during the third quarter worth about $184,000.

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.