Anterix Inc. (NASDAQ:ATEX) shares traded 0.93% higher at $37.97 on Wall Street last session.
In accordance with the data, 4 analysts cover Anterix Inc. (NASDAQ:ATEX). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $100.00 and a low of $60.00, we find $72.50. Given the previous closing price of $37.62, this indicates a potential upside of 92.72 percent. ATEX stock price is now 5.63% away from the 50-day moving average and -17.02% away from the 200-day moving average. The market capitalization of the company currently stands at $712.70M.
It has been rated a hold by 0 analysts and a buy by 4. Brokers who have rated the stock have averaged $76.25 as their price target over the next twelve months.
With the price target enhanced from $40 to $50, JP Morgan Upgraded its rating from Neutral to Overweight for Anterix Inc. (NASDAQ: ATEX). On February 01, 2021, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock keeping its target price maintained at $40, while the JP Morgan previously rated the stock as ‘Underweight’ on November 18, 2020.
In other news, Ashe Gena L, Chief Legal Officer & Corp Sec sold 920 shares of the company’s stock on Nov 08. The stock was sold for $33,952 at an average price of $36.90. Upon completion of the transaction, the Chief Legal Officer & Corp Sec now directly owns 32,871 shares in the company, valued at $1.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16, Chief Financial Officer Gray Timothy bought 100 shares of the business’s stock. A total of $3,667 was incurred on buying the stock at an average price of $36.67. This leaves the insider owning 72,918 shares of the company worth $2.77 million. Insiders disposed of 114,767 shares of company stock worth roughly $4.36 million over the past 1 year. A total of 2.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ATEX stock. A new stake in Anterix Inc. shares was purchased by PRICE JENNIFER C. during the first quarter worth $19,791,000. RENAISSANCE TECHNOLOGIES LLC invested $429,000 in shares of ATEX during the first quarter. In the first quarter, SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC acquired a new stake in Anterix Inc. valued at approximately $410,000. THOMPSON SIEGEL & WALMSLEY LLC acquired a new stake in ATEX for approximately $123,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in ATEX valued at around $59,000 in the second quarter. In total, there are 151 active investors with 80.20% ownership of the company’s stock.
Anterix Inc. (NASDAQ: ATEX) opened at $38.21 on Friday. During the past 12 months, Anterix Inc. has had a low of $29.74 and a high of $64.88. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.70, and a quick ratio of 2.70. The fifty day moving average price for ATEX is $35.87 and a two-hundred day moving average price translates $45.70 for the stock.
The latest earnings results from Anterix Inc. (NASDAQ: ATEX) was released for Jun, 2022. According to the Telecom Services Company, earnings per share came in at -$0.71, missing analysts’ expectations of -$0.67 by -0.04. This compares to -$0.10 EPS in the same period last year. The company reported revenue of $0.4 million for the quarter, compared to $0.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 118.68 percent. For the current quarter, analysts expect ATEX to generate $920k in revenue.
Anterix Inc.(ATEX) Company Profile
Anterix Inc. operates as a wireless communications company. The company focuses on commercializing its spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks, technologies, and solutions. It holds licensed spectrum in the 900 MHz band with coverage throughout the United States, Alaska, Hawaii, and Puerto Rico. The company was formerly known as pdvWireless, Inc. and changed its name to Anterix Inc. in August 2019. Anterix Inc. was incorporated in 1997 and is headquartered in Woodland Park, New Jersey.