Antalpha Platform (NASDAQ:ANTA) Trading Up 2.7% – Time to Buy?

Antalpha Platform Holding Company (NASDAQ:ANTA) was up 2.7% during mid-day trading on Thursday . The stock traded as high as $5.39 and last traded at $5.3410. Approximately 4,632 shares were traded during mid-day trading, an increase of 62% from the average session volume of 2,851 shares. The stock had previously closed at $5.20.

Wall Street Analyst Weigh In

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

Antalpha Platform Stock Up 2.7%

The stock has a 50-day moving average of $7.58 and a 200 day moving average of $8.29. The company has a market capitalization of $123.38 million, a PE ratio of 7.22 and a beta of 1.63. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.43.

Antalpha Platform (NASDAQ:ANTA) last posted its quarterly earnings data on Tuesday, May 19th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. The business 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%. Sell-side analysts anticipate that Antalpha Platform Holding Company will post 0.27 EPS for the current year.

Institutional Trading of Antalpha Platform

A hedge fund recently bought a new position in Antalpha Platform stock. JPMorgan Chase & Co. acquired a new position in Antalpha Platform Holding Company (NASDAQ:ANTA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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.