Streetbeat News

ANTE

AirNet Technology Inc.

https://www.ir.airnetgroup.cn

Industry

Telecommunications Services

AirNet Technology Inc. operates out-of-home advertising platforms in the People's Republic of China. It operates through two segments, Cryptocurrency Mining and Air Travel Media Network. The company provides in-flight solutions to connectivity, entertainment, and digital multimedia; and in-flight entertainment and advertising contents, such as sports, comedies, local attractions, reality shows, commentaries, documentaries. It also offers advertising time slots in the form of digital TV screens on airplanes; and media contents display in air travel. In addition, the company operates CIBN-AirNet channel to broadcast network TV programs to air travelers. Further, it engages in cryptocurrency mining business. The company was formerly known as AirMedia Group Inc. AirNet Technology Inc. was founded in 2005 and is headquartered in Beijing, the People's Republic of China.

Open

0.63

Mkt cap

7.7M

Volume

63K

High

0.65

P/E Ratio

0.15

52-wk high

2.90

Low

0.49

Div yield

N/A

52-wk low

0.26

AirNet Technology has filed a mixed-securities shelf with the SEC, allowing it to issue various types of securities in the future. This strategic move could potentially provide the company with flexible financing options for growth, acquisitions, or other corporate activities.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:12 pm

Airnet received a notification from NASDAQ's Listing Qualifications Department granting an extension to regain compliance for continued listing. This extension provides Airnet with additional time to meet NASDAQ's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:04 am

In Wednesday's after-market session, several Communication Services stocks experienced notable movements. Gainers included Chicken Soup for the Soul (CSSE), Phoenix New Media (FENG), Angi (ANGI), Leafly Holdings (LFLY), Society Pass (SOPA), and AirNet Technology (ANTE), with increases ranging from 2.4% to 5.0%. Conversely, Hanryu Holdings (HRYU), Global Mofy Metaverse (GMM), Ucloudlink Group (UCL), Weibo (WB), Fangdd Network Group (DUO), and Asset Entities (ASST) saw declines between 4.06% and 7.1%.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 8:31 pm

Airnet has regained compliance with Nasdaq's minimum bid price requirement as per a notification received on March 13, 2024, ensuring its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:12 am

In Monday's after-market session, several Communication Services stocks experienced notable movements. HWH International, Stran & Co, TrueCar, Urban One, and Cineverse were among the gainers, with increases ranging from 4.68% to 11.2%. On the downside, Gamer Pakistan, PLAYSTUDIOS, Sify Technologies, Global Mofy Metaverse, AirNet Technology, and Brera Holdings saw declines between 3.02% and 4.6%. PLAYSTUDIOS' drop was highlighted by the release of their Q4 earnings.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 9:34 pm

In Monday's pre-market session, several Communication Services stocks showed notable movements. Fangdd Network Group (DUO) led the gainers with a 71.9% increase, while Lytus Technologies Holdings (LYT) experienced the largest drop among the losers, falling 11.1%. Other notable movers included Society Pass (SOPA), Gamer Pakistan (GPAK), and Bilibili (BILI), which recently reported Q4 earnings. On the downside, Ooma (OOMA) also reported its Q4 earnings recently and saw a 5.04% decrease.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 1:06 pm

In Friday's after-market session, several Communication Services stocks showed notable movements. Fangdd Network Group (DUO) led the gainers with a 71.9% increase, while Sound Group (SOGP) experienced the largest drop among the losers, falling by 5.7%. Other notable companies include Grom Social Enterprises (GROM), PLAYSTUDIOS (MYPS), and Altice USA (ATUS) with varying degrees of gains and losses.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 9:31 pm

HighPeak Energy, Inc. (NASDAQ:HPK) shares fell by 15.3% after reporting lower-than-expected Q4 revenue, despite beating EPS estimates. Other stocks showed significant movement, with Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT) leading gainers with a 404% jump after announcing the launch of Lytus Cloud. On the losing end, Solowin Holdings (NASDAQ:SWIN) dropped 31.6% after a previous day's surge. The market saw a mix of dramatic gains and losses across various sectors.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 6:35 pm

In Thursday's intraday session, notable movements were observed in the Communication Services sector. Lytus Technologies Holdings led the gainers with a 582.2% increase, while Hanryu Holdings experienced the largest drop among the losers, declining by 15.6%. John Wiley & Sons reported Q3 earnings, contributing to an 11.11% rise in its stock price. Similarly, comScore and Entravision Communications reported their Q4 earnings, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 5:31 pm

In Thursday's pre-market session, several communication services stocks showed significant movement. Lytus Technologies (LYT) led the gainers with a 218.2% increase, while AirNet Technology (ANTE) led the losers with a 6.7% decrease. Other notable movers include Brera Holdings (BREA), MultiMetaVerse Holdings (MMV), and Bilibili (BILI), which reported Q4 earnings.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 1:06 pm

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