Additionally, the 36-month beta value for ATEX is 0.88. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ATEX is 17.97M and currently, short sellers hold a 3.75% ratio of that float. The average trading volume of ATEX on January 20, 2025 was 107.28K shares.
ATEX) stock’s latest price update
Anterix Inc (NASDAQ: ATEX) has experienced a rise in its stock price by 11.35 compared to its previous closing price of 27.83. However, the company has seen a gain of 7.60% in its stock price over the last five trading days. globenewswire.com reported 2025-01-17 that WASHINGTON, Jan. 17, 2025 (GLOBE NEWSWIRE) — A broad coalition of utilities, trade associations, and the utility technology company Anterix (NASDAQ: ATEX) today expressed gratitude to the Federal Communications Commission (FCC) for its diligent work in developing and ultimately adopting the Notice of Proposed Rulemaking (NPRM) to modify the 900 MHz rules. The proposed rules would provide the flexibility to grow the 900 MHz broadband segment from 3 MHz by 3 MHz to 5 MHz by 5 MHz.
ATEX’s Market Performance
Anterix Inc (ATEX) has seen a 7.60% rise in stock performance for the week, with a -7.69% decline in the past month and a -5.95% plunge in the past quarter. The volatility ratio for the week is 7.44%, and the volatility levels for the past 30 days are at 4.87% for ATEX. The simple moving average for the past 20 days is 3.71% for ATEX’s stock, with a -10.02% 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 -3.72% 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 -26.93% of loss for the given period.
Volatility was left at 4.87%, however, over the last 30 days, the volatility rate increased by 7.44%, as shares sank -2.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.83% lower at present.
During the last 5 trading sessions, ATEX rose by +7.60%, which changed the moving average for the period of 200-days by -5.55% in comparison to the 20-day moving average, which settled at $29.88. In addition, Anterix Inc saw 1.04% 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 OBRIEN MORGAN E, who sale 13,609 shares at the price of $33.44 back on Dec 16 ’24. After this action, OBRIEN MORGAN E now owns 23,973 shares of Anterix Inc, valued at $455,085 using the latest closing price.
OBRIEN MORGAN E, the Officer of Anterix Inc, proposed sale 13,609 shares at $33.42 during a trade that took place back on Dec 16 ’24, which means that OBRIEN MORGAN E is holding shares at $454,852 based on the most recent closing price.
Stock Fundamentals for ATEX
Current profitability levels for the company are sitting at:
- -9.53 for the present operating margin
- 0.9 for the gross margin
The net margin for Anterix Inc stands at -6.67. The total capital return value is set at -0.18. Equity return is now at value -23.72, with -12.52 for asset returns.
Based on Anterix Inc (ATEX), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 6.15.
Currently, EBITDA for the company is -51.62 million with net debt to EBITDA at 0.71. When we switch over and look at the enterprise to sales, we see a ratio of 96.22. The receivables turnover for the company is 0.46for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.59.
Conclusion
In conclusion, Anterix Inc (ATEX) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
