Antalpha Platform (NASDAQ:ANTA) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Antalpha Platform (NASDAQ:ANTA) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks reports.

Other equities research analysts have also recently issued reports about the company. B. Riley Financial lowered their price objective on Antalpha Platform from $9.50 to $7.50 and set a “buy” rating on the stock in a report on Thursday, August 20th. Weiss Ratings initiated coverage on Antalpha Platform in a research note on Wednesday, August 26th. They set a “sell (d)” rating for the company. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.50.

Antalpha Platform Stock Down 6.3%

Shares of NASDAQ ANTA opened at $1.93 on Monday. The firm has a market cap of $46.34 million, a price-to-earnings ratio of 8.04 and a beta of 2.31. The company’s 50-day simple moving average is $3.20 and its 200-day simple moving average is $5.40. 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 has a 52-week low of $1.93 and a 52-week high of $12.44.

Antalpha Platform (NASDAQ:ANTA) last released its quarterly earnings results on Thursday, August 20th. The company reported ($0.47) earnings per share for the quarter. Antalpha Platform had a return on equity of 3.97% and a net margin of 7.94%. The company had revenue of $2.41 million for the quarter. Equities analysts predict that Antalpha Platform will post -0.20 EPS for the current fiscal 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.