Anterix +1.4% Tests Resistance as Value Case Builds
$Anterix(ATEX)$
ATEX Anterix Climbs +1.36%: Telecom Infrastructure Specialist Tests Resistance, Value Play Emerges at $21.63
Latest Close Data
ATEX closed at $21.63 (EST Dec 19), gaining +1.36% (+$0.29) with trading volume of 180.2K shares.
Stock remains 49.6% below its 52-week high of $42.91, presenting significant recovery potential from current levels.
Core Market Drivers
Anterix continues benefiting from growing private wireless network demand as enterprises seek dedicated spectrum solutions.
The company's 900 MHz broadband platform positions it uniquely in the critical infrastructure modernization trend.
Recent institutional accumulation signals confidence in the telecom infrastructure thesis.
Technical Analysis
Volume ratio at 0.60 indicates lighter trading despite positive momentum.
MACD shows bullish divergence with DIF at 0.40 above DEA at 0.33, generating positive histogram of 0.15.
RSI(12) sits at 56.0, escaping oversold territory and indicating renewed buying interest without reaching overbought levels.
Key Price Levels
Primary Support: $21.28 (recent low)
Strong Resistance: $22.08 (today's high)
Immediate Pivot: $21.48 (previous resistance now support)
Breaking above $22.08 could target the $24-25 range.
Valuation Perspective
Trading at P/E TTM of 4.21x with EPS of $5.13, ATEX appears significantly undervalued compared to telecom infrastructure peers.
P/S ratio of 68.33x reflects the company's growth-stage revenue profile in the emerging private wireless sector.
Analyst Targets
3 analysts maintain unanimous Buy ratings with average target price of $55.33 (range: $44-$72), implying 156% upside potential.
This represents strong institutional conviction in the company's spectrum monetization strategy.
Weekly Outlook
Expect consolidation between $21.28-$22.08 range with potential breakout targeting $24+ if volume increases. Watch for momentum continuation above resistance as year-end positioning approaches.
Risk Disclaimer
This analysis is for informational purposes only and does not constitute investment advice. Trading involves substantial risk of loss.
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