The stock of Anterix Inc (NASDAQ: ATEX) has increased by 19.28 when compared to last closing price of 31.02. Despite this, the company has experienced a 22.11% gain in its stock price over the last five trading sessions. zacks.com reported 2024-06-26 that Anterix (ATEX) came out with a quarterly loss of $0.51 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.40 per share a year ago.
Is It Worth Investing in Anterix Inc (NASDAQ: ATEX) Right Now?
The 36-month beta value for ATEX is also noteworthy at 0.82. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ATEX is 17.89M, and at present, short sellers hold a 5.19% of that float. The average trading volume of ATEX on June 27, 2024 was 110.16K shares.
ATEX’s Market Performance
ATEX stock saw an increase of 22.11% in the past week, with a monthly gain of 12.56% and a quarterly increase of 10.25%. The volatility ratio for the week is 3.69%, and the volatility levels for the last 30 days are 2.94% for Anterix Inc (ATEX). The simple moving average for the past 20 days is 16.10% for ATEX’s stock, with a 13.31% simple moving average for the past 200 days.
Analysts’ Opinion of ATEX
Many brokerage firms have already submitted their reports for ATEX stocks, with JP Morgan repeating the rating for ATEX by listing it as a “Overweight.” The predicted price for ATEX in the upcoming period, according to JP Morgan is $50 based on the research report published on February 17, 2021 of the previous year 2021.
JP Morgan, on the other hand, stated in their research note that they expect to see ATEX reach a price target of $40. The rating they have provided for ATEX stocks is “Neutral” according to the report published on February 01st, 2021.
JP Morgan gave a rating of “Underweight” to ATEX, setting the target price at $30 in the report published on November 18th of the previous year.
ATEX Trading at 15.42% from the 50-Day Moving Average
After a stumble in the market that brought ATEX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.53% of loss for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 3.69%, as shares surge +9.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.85% upper at present.
During the last 5 trading sessions, ATEX rose by +19.44%, which changed the moving average for the period of 200-days by +10.27% in comparison to the 20-day moving average, which settled at $32.02. In addition, Anterix Inc saw 11.04% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ATEX starting from Gray Timothy, who sale 16,666 shares at the price of $32.26 back on May 03 ’24. After this action, Gray Timothy now owns 90,475 shares of Anterix Inc, valued at $537,645 using the latest closing price.
Gray Timothy, the Chief Financial Officer of Anterix Inc, sale 16,667 shares at $31.91 during a trade that took place back on May 02 ’24, which means that Gray Timothy is holding 90,475 shares at $531,844 based on the most recent closing price.
Stock Fundamentals for ATEX
Current profitability levels for the company are sitting at:
- -8.15 for the present operating margin
- 0.78 for the gross margin
The net margin for Anterix Inc stands at -3.11. The total capital return value is set at -0.08. Equity return is now at value -5.36, with -2.92 for asset returns.
Based on Anterix Inc (ATEX), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 7.93.
Currently, EBITDA for the company is -6.67 million with net debt to EBITDA at 0.73. When we switch over and look at the enterprise to sales, we see a ratio of 214.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.07.
Conclusion
In summary, Anterix Inc (ATEX) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
