Antalpha Platform (NASDAQ:ANTA) Stock Price Up 8.1% – Should You Buy?

Antalpha Platform Holding Company (NASDAQ:ANTA)’s share price shot up 8.1% during trading on Monday . The stock traded as high as $4.09 and last traded at $3.87. Approximately 4,314 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 5,273 shares. The stock had previously closed at $3.58.

Wall Street Analysts Forecast Growth

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

Antalpha Platform Price Performance

The stock has a 50 day moving average of $4.66 and a 200-day moving average of $7.02. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $85.84 million, a PE ratio of 4.83 and a beta of 1.97.

Antalpha Platform (NASDAQ:ANTA) last posted its quarterly earnings results on Thursday, August 20th. The company reported ($0.52) earnings per share for the quarter. The firm had revenue of $12.21 million for the quarter. Antalpha Platform had a net margin of 22.72% and a return on equity of 14.27%. Equities analysts predict that Antalpha Platform Holding Company will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Antalpha Platform stock. Oxford Asset Management LLP purchased a new stake in Antalpha Platform Holding Company (NASDAQ:ANTA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,376 shares of the company’s stock, valued at approximately $143,000. Oxford Asset Management LLP owned about 0.05% of Antalpha Platform as of its most recent filing with the Securities and Exchange Commission (SEC).

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.