Antalpha Platform (NASDAQ:ANTA) Trading Down 3.1% – Time to Sell?

Antalpha Platform Holding Company (NASDAQ:ANTA)’s stock price was down 3.1% on Wednesday . The stock traded as low as $6.64 and last traded at $6.3960. Approximately 1,957 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 3,257 shares. The stock had previously closed at $6.60.

Wall Street Analysts Forecast Growth

Separately, B. Riley Financial lowered their price objective on shares of Antalpha Platform from $10.00 to $9.50 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $9.50.

Antalpha Platform Stock 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 business has a 50-day simple moving average of $8.26 and a 200 day simple moving average of $8.70. The firm has a market cap of $147.75 million and a PE ratio of 8.64.

Antalpha Platform (NASDAQ:ANTA) last issued its quarterly 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 business had revenue of $20.72 million during the quarter. Antalpha Platform had a return on equity of 14.27% and a net margin of 22.72%. Equities research analysts forecast that Antalpha Platform Holding Company will post 0.27 EPS for the current year.

Institutional Trading of Antalpha Platform

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wyoming purchased a new stake in shares of Antalpha Platform during the third quarter worth about $184,000. Oxford Asset Management LLP purchased a new stake in shares of Antalpha Platform during the second quarter worth about $143,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Antalpha Platform during the second quarter worth about $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.