AirNet Technology Inc. (ANTE) Stock: Why It’s Headed For The Bottom

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AirNet Technology Inc. (ANTE) is falling in the market today. The company, focused on the service space, is currently priced at $1.20 after falling -5.51% so far today. When it comes to service sector stocks, there are quite a few factors that have the potential to cause price movement in the market. News is one of the most common reasons for movement. Here are the most recent trending headlines relating to ANTE:

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Nov-08-19 06:30AM AirNet updates on the sale of 20.32% of its Advertising Business
Oct-31-19 07:30AM AirNet Has Regained Compliance with Nasdaq’s Minimum Bid Price Requirement
07:30AM AirNet Announces Changes to the Composition of Board Committees
Oct-11-19 08:31AM AirNet Announces Strategic Cooperation with Lufthansa Technik
Sep-25-19 05:00PM AirNet Announces Receipt of Minimum Bid Price Notice From NASDAQ

Nonetheless, when making an investing decision, investors should focus on much more than news, this is especially the case in the ever highly complex service sector. Here’s what’s happening in regard to AirNet Technology Inc..

Trends That We’ve Seen From ANTE

Although a move toward the top in a single session, like the fall that we’re seeing from AirNet Technology Inc. might lead to fear in some investors, that by itself shouldn’t be the reason for a decision to, or not to, invest in a stock. It is generally a good idea to look at trends experienced by the stock further out than a single session. As it relates to ANTE, here are the returns on investment that investors have seen:

  • Past 7 Days – Over the past 5 trading sessions, ANTE has generated a change in price that amounts to -2.44%.
  • Monthly – The monthly performance from AirNet Technology Inc. works out to 26.32%.
  • Quarterly – In the last quarter, the company has generated a return on investment of 20.00%
  • Past 6 Months – Throughout the previous 6 months, investors have seen a performance that amounts to -32.58% from the stock.
  • This Year So Far – Since the the last trading session of last year ANTE has resulted in a ROI of -4.38%.
  • Full Year – Finally, in the past full year, investors have seen a change amounting to -33.55% out of ANTE. In this period, the stock has traded at a high of -62.50% and a low of 33.33%.

Notable Ratios

Looking at various key ratios associated with a company can provide traders a view of just how dangerous and/or potentially profitable a pick may be. Here are some of the key ratios to think about when looking at ANTE.

Short Ratio – The short ratio is a tool that’s used by traders to measure the level of short interest. As the short ratio goes higher, it means that more investors have a belief that the value of the stock is going to tumble. Across the sector, strong service sector stocks tend to carry a lower short ratio. However, we also see quite a few short squeezes in the space. Nonetheless, in relation to AirNet Technology Inc., the stock’s short ratio is 2.09.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Basically, they measure If a company is able to pay for its debts when they come due with only current assets or quick assets. come with strong quick and current ratios. In terms of ANTE, the quick and current ratios add up to 0.50 and 0.50 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets that are owned by the company. In this case, that ratio works out to 3.72.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the price of shares. When it comes to ANTE, the cash to share value ratio is 0.

What Institutions And Insiders Think Of AirNet Technology Inc.

One thing I’ve come to understand so far in my short period here is that good investors tend to follow big money investors. Usually, investors that are trying to keep their investments relatively safe will follow moves made by institutions as well as those on the inside. With that said, is big money interested when it comes to ANTE? Here’s the data:

  • Institutions – Currently, institutions own 2.10% of AirNet Technology Inc.. However, it’s worth noting that institutional ownership has moved in the amount of 0 over the past quarter.
  • Insider Moves – with regard to insiders, those close to the situation currently hold 10.00% of AirNet Technology Inc.. Insider ownership of the company has seen a change of 0 over the last 3 months.

How Analysts Feel About AirNet Technology Inc.

While it’s rarely a smart idea to unknowingly follow the opinions of analysts, it is a smart idea to consider their thoughts in order to validate your own thoughts when it comes to making an investment decision in the service space. Below you’ll find the most recent moves that we have seen from analysts with regard to ANTE.

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What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, ANTE has generated revenue in the amount of $-39.20% with earnings coming in at -36.40%. On a quarter over quarter basis, earnings have seen movement of 0 and revenue has seen movement of 42.20%.

What You Need To Know About Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 13.50M shares of AirNet Technology Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, ANTE has a float of 2.30M.

I also like to take a look at the short float. After all, when a large portion of the float available for trading is shorted, the overall feeling among investors is that the equity is going to fall hard. As far as ANTE, the short percentage of the float totals up to 2.25%. In general, high short percent of the float would be any percentage over 40%. In my research, I’ve seen that anything over 26% is usually a play that comes with hefty risk.

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