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AirNet Completes Private Placement of US$5.7 million
PRNewswire (Thu, 18-Apr 4:15 AM ET)
AirNet Regains Compliance with Nasdaq Minimum Bid Price Requirement
PRNewswire (Thu, 14-Mar 4:00 AM ET)
AirNet Announces Changes in the Board of Directors
PRNewswire (Mon, 11-Mar 4:00 AM ET)
AirNet Announces Changes in Senior Management Team
PRNewswire (Wed, 21-Feb 3:50 AM ET)
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. It operates in two operating segments i.e. cryptocurrency mining, and selling advertising time slots on their network, air travel advertising network throughout PRC.
Airnet Technology - American Depositary Shares Each Representing One trades on the NASDAQ stock market under the symbol ANTE.
As of April 24, 2024, ANTE stock price climbed to $1.27 with 1,201 million shares trading.
ANTE has a beta of 0.25, 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 $16.65 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, ANTE stock traded as high as $15.60 and as low as $.56.
ANTE has underperformed the market in the last year with a price return of -18.6% while the SPY ETF gained +24.3%. However, in the short term, ANTE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +78.9% vs +4.6% return in SPY. But in the last 2 weeks, ANTE shares have been beat by the market, returning -25.7% compared to an SPY return of -2.6%.
ANTE support price is $1.08 and resistance is $1.41 (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 stock will trade within this expected range on the day.