The stock of AirNet Technology Inc ADR (ANTE) has seen a -20.56% decrease in the past week, with a -9.97% drop in the past month, and a -74.03% decrease in the past quarter. The volatility ratio for the week is 7.99%, and the volatility levels for the past 30 days are at 9.15% for ANTE. The simple moving average for the past 20 days is -4.91% for ANTE’s stock, with a -71.31% simple moving average for the past 200 days.
Is It Worth Investing in AirNet Technology Inc ADR (NASDAQ: ANTE) Right Now?
The 36-month beta value for ANTE is at 1.44. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ANTE is 14.31M, and currently, shorts hold a 0.57% of that float. The average trading volume for ANTE on September 19, 2024 was 486.05K shares.
ANTE) stock’s latest price update
AirNet Technology Inc ADR (NASDAQ: ANTE) has experienced a decline in its stock price by -5.59 compared to its previous closing price of 0.29. However, the company has seen a fall of -20.56% in its stock price over the last five trading days. prnewswire.com reported 2024-05-31 that BEIJING, May 31, 2024 /PRNewswire/ — AirNet Technology Inc., formerly known as AirMedia Group Inc. (“AirNet” or the “Company”) (Nasdaq: ANTE), today announced that the Company entered into a sales and purchase agreement with an unaffiliated third party for the purchase of 6,218 units of Bitcoin Miner S21 on May 30, 2024. The aggregate purchase price for these miners is approximately RMB177.2 million.
ANTE Trading at -62.40% from the 50-Day Moving Average
After a stumble in the market that brought ANTE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -90.69% of loss for the given period.
Volatility was left at 9.15%, however, over the last 30 days, the volatility rate increased by 7.99%, as shares sank -15.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -73.26% lower at present.
During the last 5 trading sessions, ANTE fell by -20.56%, which changed the moving average for the period of 200-days by -60.28% in comparison to the 20-day moving average, which settled at $0.2816. In addition, AirNet Technology Inc ADR saw -67.45% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ANTE
Current profitability levels for the company are sitting at:
- -4.57 for the present operating margin
- -0.64 for the gross margin
The net margin for AirNet Technology Inc ADR stands at -0.21. The total capital return value is set at 0.32. Equity return is now at value -0.62, with -0.19 for asset returns.
The debt to equity ratio resting at 0.94. The interest coverage ratio of the stock is -11.8.
Currently, EBITDA for the company is -2.88 million with net debt to EBITDA at -2.81. When we switch over and look at the enterprise to sales, we see a ratio of 14.36. The receivables turnover for the company is 0.04for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.35.
Conclusion
In conclusion, AirNet Technology Inc ADR (ANTE) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
