ATEX Stock Summary and Trading Ideas (Anterix | NASDAQ:ATEX)

Anterix Inc is a United States-based company engaged in delivering broadband needed to modernize infrastructure for energy, transportation, logistics, and other industries. The company offers Private LTE for utilities which help to automate processes, monitor environmental conditions, enable artificial intelligence, and drive productivity.

Anterix trades on the NASDAQ stock market under the symbol ATEX.

As of December 13, 2024, ATEX stock price declined to $33.16 with 27,254 million shares trading.

ATEX has a beta of 0.24, meaning it tends to be less sensitive to market movements. ATEX has a correlation of 0.00 to the broad based SPY ETF.

ATEX has a market cap of $617.38 million. This is considered a Small Cap stock.

Last quarter Anterix reported $2 million in Revenue and -$.69 earnings per share. This fell short of revenue expectation by $-199,000 and missed earnings estimates by -$.10.

In the last 3 years, ATEX traded as high as $60.56 and as low as $27.20.

The top ETF exchange traded funds that ATEX belongs to (by Net Assets): VTI, IWM, VXF, SCHA, IWO.

ATEX has underperformed the market in the last year with a price return of -6.4% while the SPY ETF gained +31.6%. ATEX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.3% and -4.7%, respectively, while the SPY returned +8.3% and +0.8%, respectively.

ATEX support price is $33.02 and resistance is $34.78 (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 ATEX shares will trade within this expected range on the day.