Anterix (NASDAQ:ATEX) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Anterix Inc. (NASDAQ:ATEX)’s share price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $81.22 and traded as high as $88.99. Anterix shares last traded at $82.69, with a volume of 484,445 shares.

More Anterix News

These are some of the ATEX news items that stood out recently:

• Positive Sentiment: Anterix cited 16 active opportunities and $107.5 million in cash, giving it financial flexibility as it pursues deals. Coverage also highlighted the potential value of its spectrum amid scarcity. Anterix signals 16 active opportunities as it stresses cash flexibility and spectrum scarcity
• Neutral Sentiment: Quarterly results were mixed: Anterix’s loss per share was narrower than analysts expected, but revenue came in slightly below expectations. Anterix reports second-quarter results
• Negative Sentiment: The company posted a GAAP net loss, while some contract revenue remains uncollected—factors that temper the positive deal and balance-sheet outlook. Why Anterix Stock Climbed Higher Today

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Anterix from $133.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, August 13th. Wall Street Zen lowered shares of Anterix from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. DA Davidson set a $161.00 price objective on Anterix in a research report on Friday, August 21st. Clear Str upgraded Anterix to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Weiss Ratings cut Anterix from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.33.

Anterix Price Performance

The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 212.03 and a beta of 0.87. The firm’s fifty day moving average price is $81.22 and its two-hundred day moving average price is $67.52.

Anterix (NASDAQ:ATEX) last issued its earnings results on Tuesday, November 10th. The company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.05. Anterix had a negative return on equity of 11.07% and a net margin of 96.23%. The company had revenue of $1.96 million during the quarter, compared to the consensus estimate of $2.05 million. On average, equities research analysts anticipate that Anterix Inc. will post -2.00 earnings per share for the current year.

Insider Transactions at Anterix

In other news, CEO Scott Lang sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $80.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the chief executive officer owned 26,470 shares in the company, valued at $2,117,600. The trade was a 36.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Elena Marquez sold 4,981 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $80.43, for a total value of $400,621.83. Following the transaction, the chief financial officer directly owned 12,604 shares in the company, valued at $1,013,739.72. The trade was a 28.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 78,441 shares of company stock valued at $6,794,661. Company insiders own 40.05% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Anterix during the second quarter valued at about $110,672,000. Jupiter Topco LLC purchased a new position in shares of Anterix during the second quarter valued at approximately $68,189,000. Panoramic Capital LLC bought a new stake in Anterix during the second quarter worth $15,892,000. Bank of America Corp DE purchased a new stake in Anterix in the 2nd quarter valued at $13,865,000. Finally, Dimensional Fund Advisors LP lifted its stake in Anterix by 30.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 424,856 shares of the company’s stock valued at $16,223,000 after acquiring an additional 99,933 shares in the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.

About Anterix

Anterix Inc. provides licensed wireless spectrum for private broadband networks, primarily serving electric, gas and water utilities and other critical-infrastructure organizations. Its business focuses on making 900 MHz spectrum available to customers that want dedicated communications networks for operational needs such as grid monitoring, automation and resilience. The company’s spectrum holdings cover areas across the United States. Anterix works with utilities and technology partners to support the development of private LTE networks, offering spectrum access and related planning and ecosystem support rather than operating a public mobile network.