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AN2 Therapeutics Inc (ANTX) – Don’t Be So Quick to Call it Dead

AN2 Therapeutics Inc (NASDAQ: ANTX) is -94.58% lower on its value in year-to-date trading and has touched a low of $0.87 and a high of $22.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ANTX stock was last observed hovering at around $1.10 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $1.11, the stock is -41.02% and -49.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.51 million and changing 0.91% at the moment leaves the stock -86.10% off its SMA200. ANTX registered -92.03% loss for a year compared to 6-month loss of -66.47%.

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The stock witnessed a -58.11% gain in the last 1 month and extending the period to 3 months gives it a -47.64%, and is 8.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.63% over the week and 10.94% over the month.

AN2 Therapeutics Inc (ANTX) has around 41 employees, a market worth around $33.12M and $0.00M in sales. Distance from 52-week low is 27.59% and -95.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-65.74%).

The EPS is expected to grow by 28.01% this year

59.0 institutions hold shares in AN2 Therapeutics Inc (ANTX), with institutional investors hold 97.56% of the company’s shares. The shares outstanding are 29.74M, and float is at 19.38M with Short Float at 3.53%. Institutions hold 72.82% of the Float.

The top institutional shareholder in the company is RA CAPITAL MANAGEMENT, L.P. with over 5.55 million shares valued at $11.94 million. The investor’s holdings represent 18.6515 of the ANTX Shares outstanding. As of 2024-06-30, the second largest holder is OCTAGON CAPITAL ADVISORS LP with 3.22 million shares valued at $6.92 million to account for 10.8196 of the shares outstanding. The other top investors are FRAZIER LIFE SCIENCES MANAGEMENT, L.P. which holds 2.09 million shares representing 7.0183 and valued at over $4.49 million, while TCG CROSSOVER MANAGEMENT, LLC holds 5.225 of the shares totaling 1.56 million with a market value of $3.34 million.

AN2 Therapeutics Inc (ANTX) Insider Activity

Still, SEC filings show that on Aug 14 ’24, Leonard Braden Michael (10% Owner) acquired 1,500,000 shares at an average price of $1.04 for $1.56 million. The insider now directly holds 5,749,432 shares of AN2 Therapeutics Inc (ANTX).

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