Screened 2026-05-18 · the tape above runs as of 22:12 UTC · 11 Sep · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its distribution label.
Antalpha Platform Holding Compa holds its Distribution at $7.09. The statistical read favours the buyers, held for 36 days.
As held on the ledger · 2026-05-18
Phase
Distribution · caution
Quantitative state
The statistical read favours the buyers, held for 36 days
Price at the screen
$7.09
Valuation
11.47 trailing · 16.54 forward price to earnings
Values screen
FAIL
The Workings
Five Screens, Shown in Full
Does not pass. Business activity: conventional financial services
Test
Figure
Limit
What it means
Status
Business activity
Excluded
Core business clean
Its core business involves an activity the values screen does not clear.
Fail
Debt load
499.85%
Below 33%
Interest-bearing debt is 499.8% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
3.80%
Below 33%
Cash held in interest-bearing accounts and securities is 3.8% of assets, under the one-third limit.
Pass
Receivables
0.00%
Below 49%
Money owed to the company is 0.0% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads AVOID: it trades above our $6.40 fair value estimate, moderate competitive moat, 109.60% revenue growth.
Fair value range in USD, drawn from the 2026-05-18 screen. The gold marker is the market price at the same screen. The price runs 9.8% above the base estimate.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-05-18 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Why it gives us pause
At 16.5x forward earnings, the price already runs ahead of the business. It trades 10% above our $6.40 fair value, so you would be buying at a premium, not a discount. The moderate moat is real, but quality alone does not make an expensive price cheap.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
ANTA trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-21Markup · changed$7.09+0.0%Entry 6
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 45%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (2 analysts) rates it strong buy, with a mean price target of $11.
2026-07-21Distribution$7.09+0.0%Entry 5
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 45%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (2 analysts) rates it strong buy, with a mean price target of $11.
2026-07-18Distribution$7.09+0.0%Entry 4
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 45%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (2 analysts) rates it strong buy, with a mean price target of $11.
2026-07-17Distribution$7.09+0.0%Entry 3
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 45%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (2 analysts) rates it strong buy, with a mean price target of $11.
2026-07-03Distribution$7.09+0.0%Entry 2
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-02Distribution$7.09Entry 1
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
The Political Ledger · Congressional Disclosures
Disclosures naming ANTA
Date
Politician
Party
Type
Amount
9 Jun2026
Gil Cisneros
Democrat
buy
1K–15K
30 Mar2026
Alan Armstrong
Republican
buy
15K–50K
27 Mar2026
Alan Armstrong
Republican
buy
1K–15K
2026-05-07
Dwight Evans
Democrat
Sale
1K–15K
13 Jul2026
Rick Scott
Republican
buy
500K–1M
What Holding Actually Paid · Price Plus Dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$8.49
-21.8%
·
$782
-21.8%
2 months
$8.76
-24.2%
·
$758
-24.2%
3 months
$7.74
-14.2%
·
$858
-14.2%
6 months
$10.17
-34.7%
·
$653
-34.7%
1 year
$12.03
-44.8%
·
$552
-44.8%
Historical returns from market close data. Past performance does not guarantee future results.
The Ledger's Promise
This entry now belongs to the ledger. Whatever ANTA does next, these words stay.
Antalpha Platform Holding Compa · ANTA · Distribution · $7.09
Recorded 2026-05-18 · before the outcome · scored mechanically