In recent trading session, AXT Inc (NASDAQ:AXTI) saw 0.54 million shares changing hands at last check today with its beta currently measuring 2.25. Company’s recent per share price level of $5.49 trading at $0.5 or 10.02% at last check today assigns it a market valuation of $239.58M. That most recent trading price of AXTI’s stock is at a premium of 1.09% from its 52-week high price of $5.43 and is indicating a premium of 65.57% from its 52-week low price of $1.89. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.91 million shares which gives us an average trading volume of 2.24 million if we extend that period to 3-months.
AXT Inc (NASDAQ:AXTI) trade information
Upright in the green today for gaining 10.02%, in the last five days AXTI remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $5.49 price level, adding 2.66% to its value on the day. AXT Inc’s shares saw a change of 128.75% in year-to-date performance and have moved 20.13% in past 5-day. AXT Inc (NASDAQ:AXTI) showed a performance of 149.55% in past 30-days. Number of shares sold short was 0.8 million shares which calculate 0.15 days to cover the short interests.
AXT Inc (AXTI) estimates and forecasts
Statistics highlight that AXT Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 136.64% of value to its shares in past 6 months, showing an annual growth rate of 38.24% while that of industry is 1.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 22.50% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $20.96 million for the same. And 5 analysts are in estimates of company making revenue of $22 million in the next quarter that will end on Jun 2024. Company posted $19.41 million and $18.59 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 8.00% while estimating it to be 18.30% for the next quarter.
In 2024, company’s earnings growth rate is likely to be around 33.38% while estimates for its earnings growth in next 5 years are of 15.00%.
AXTI Dividends
AXT Inc is more likely to be releasing its next quarterly report between April 25 and April 29 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
AXT Inc (NASDAQ:AXTI)’s Major holders
Insiders are in possession of 6.66% of company’s total shares while institution are holding 52.91 percent of that, with stock having share float percentage of 56.69%. Investors also watch the number of corporate investors in a company very closely, which is 52.91% institutions for AXT Inc that are currently holding shares of the company. First Wilshire Securities Management Inc is the top institutional holder at AXTI for having 3.31 million shares of worth $17.82 million. And as of Dec 30, 2023, it was holding 7.47% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 2.28 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 5.14% of outstanding shares, having a total worth of $12.26 million.
On the other hand, Vanguard Total Stock Market Index Fund and Needham Small Cap Growth Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 1.62 million shares of worth $8.74 million or 3.67% of the total outstanding shares. The later fund manager was in possession of 1.5 million shares on Dec 30, 2023, making its stake of worth around $8.08 million in the company or a holder of 3.39% of company’s stock.
