Anterix (ATEX) Stock Price, News & Analysis

Company Overview

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 and innovative broadband 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.

Key Stats

• Today's Range: $31.90 to $33.51
• 50-Day Range: $31.23 to $35.38
• 52-Week Range: $29.12 to $42.41
• Volume: 90,850 shs
• Average Volume: 150,829 shs
• Market Capitalization: $593.91 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $68.00
• Consensus Rating: Buy

Anterix Stock Analysis - MarketRank™

Anterix scored higher than 84% of companies evaluated by MarketBeat, and ranked 170th out of 664 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.7 / 5
• Analyst Rating: Buy

Consensus Rating

Anterix has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Anterix has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Anterix are expected to grow in the coming year, from ($2.64) to ($0.61) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Anterix is -15.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Anterix is -15.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Anterix has a P/B Ratio of 3.67. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.31% of the outstanding shares of Anterix have been sold short.

Short Interest Ratio / Days to Cover

Anterix has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Anterix has recently decreased by 11.03%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Anterix does not currently pay a dividend.

Dividend Growth

Anterix does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.31% of the outstanding shares of Anterix have been sold short.

Short Interest Ratio / Days to Cover

Anterix has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Anterix has recently decreased by 11.03%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.43

News Sentiment

Anterix has a news sentiment score of 1.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Anterix this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for ATEX on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 5.0 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Anterix insiders have bought more of their company's stock than they have sold. Specifically, they have bought $185,165.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

45.61% of the stock of Anterix is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

87.67% of the stock of Anterix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ATEX Stock Analysis - Frequently Asked Questions

How have ATEX shares performed this year?

Anterix's stock was trading at $33.32 at the beginning of the year. Since then, ATEX stock has decreased by 4.3% and is now trading at $31.90.
View the best growth stocks for 2024 here.

How were Anterix's earnings last quarter?

Anterix Inc. (NASDAQ:ATEX) posted its quarterly earnings results on Tuesday, August, 6th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.45) by $0.39. The company earned $1.53 million during the quarter, compared to the consensus estimate of $1.64 million. Anterix had a negative net margin of 666.54% and a negative trailing twelve-month return on equity of 31.07%.

Who are Anterix's major shareholders?

Top institutional investors of Anterix include Heard Capital LLC (9.43%), Stonehill Capital Management LLC (3.17%), Geode Capital Management LLC (1.91%) and State Street Corp (1.88%). Insiders that own company stock include Jeffrey A Altman, Robert Harris Schwartz, Timothy Gray, Christopher Guttman-Mccabe, Ryan Gerbrandt, Morgan E Obrien, Gena L Ashe, Mahvash Yazdi, Mark Fleischhauer and Leslie B Daniels.
View institutional ownership trends.

How do I buy shares of Anterix?

Shares of ATEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Anterix own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Anterix investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH), AUO (AUOTY) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 12/17/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Telephone communication, except radio
• Sub-Industry: Communication
• Current Symbol: NASDAQ:ATEX
• CUSIP: N/A
• CIK: 1304492
• Web: www.anterix.com
• Phone: (973) 771-0300
• Fax: 888-858-6245
• Employees: 70
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $68.00
• High Stock Price Target: $75.00
• Low Stock Price Target: $61.00
• Potential Upside/Downside: +110.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($2.02)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-9,130,000.00
• Net Margins: -666.54%
• Pretax Margin: -619.10%
• Return on Equity: -31.07%
• Return on Assets: -15.03%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.59
• Quick Ratio: 3.59

Sales & Book Value

• Annual Sales: $5.61 million
• Price / Sales: 107.45
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $8.70 per share
• Price / Book: 3.72

Miscellaneous

• Outstanding Shares: 18,618,000
• Free Float: 10,126,000
• Market Cap: $602.48 million
• Optionable: Optionable
• Beta: 0.85