The stock of AirNet Technology (ANTE, Financial) experienced a significant price movement with an 8.71% surge. The stock is currently priced at $0.338 per share, with a trading volume of 23,685 shares and a turnover rate of 0.17%.
Recent financial reports reveal that ANTE recorded a revenue of $193,000 and a net profit of $21.34 million, resulting in earnings per share of $2.66. Although the gross profit stood at -$147,000, the company's price-to-earnings ratio remains low at 0.09.
In the advertising and marketing industry, where ANTE operates, the overall decline is 0.46%. Notably, stocks like ANTE, Hao Xi Health Technology, and Mgo Global Inc. saw significant gains. Additionally, Hao Xi Health Technology, Mgo Global Inc., and Vs Media Holdings Limited showed high trading activity with turnover rates of 9.25%, 5.75%, and 2.48%, respectively. Meanwhile, stocks with substantial price fluctuations include Advantage Solutions Inc and Cheer Holding Inc, with amplitudes of 143.88% and 35.00%.
AirNet Technology specializes in in-flight connectivity and digital media solutions, offering internet access for airline passengers, interactive entertainment, and real-time news through satellite and terrestrial networks. The company generates revenue primarily from advertising slots on its network and cryptocurrency mining.
