ANTE Stock Summary and Trading Ideas (Airnet Technology - American Depositary Shares Each Representing One | NASDAQ:ANTE)

AirNet Technology Inc provides in-flight solutions to connectivity, entertainment, and digital multimedia in China. It offers Internet connections through a network of satellites and land-based beacons, provides airline travelers with interactive entertainment, and breaking news, and furnishes corporate clients with advertisements tailored to the perceptions of the travelers. The revenues are mainly derived from selling advertising time slots on the companies advertising networks and cryptocurrency mining.

Airnet Technology - American Depositary Shares Each Representing One trades on the NASDAQ stock market under the symbol ANTE.

As of January 2, 2025, ANTE stock price declined to $0.47 with 33,710 million shares trading.

ANTE has a beta of -1.30, meaning it tends to be less sensitive to market movements. ANTE has a correlation of 0.00 to the broad based SPY ETF.

ANTE has a market cap of $6.72 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, ANTE traded as high as $8.72 and as low as $.26.

ANTE has underperformed the market in the last year with a return of -43.4%, while SPY returned +24.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ANTE shares. However, ANTE has outperformed the market in the last 3 month and 2 week periods, returning +42.0% and +6.8%, while SPY returned +2.2% and -3.0%, respectively. This indicates ANTE has been having a stronger performance recently.

ANTE support price is $.42 and resistance is $.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ANTE shares will trade within this expected range on the day.