AXT Inc (NASDAQ:AXTI) has a beta value of 2.24 and has seen 1.4 million shares traded in the recent trading session. The company, currently valued at $170.20M, closed the recent trade at $3.90 per share which meant it gained $0.79 on the day or 25.40% during that session. The AXTI stock price is -44.62% off its 52-week high price of $5.64 and 51.54% above the 52-week low of $1.89. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.46 million shares traded. The 3-month trading volume is 2.44 million shares.
AXT Inc (NASDAQ:AXTI) trade information
Sporting 25.40% in the green today, the stock has traded in the red over the last five days, when the AXTI stock price touched $3.90 or saw a rise of 21.84%. Year-to-date, AXT Inc shares have moved 62.50%, while the 5-day performance has seen it change -18.92%. Over the past 30 days, the shares of AXT Inc (NASDAQ:AXTI) have changed -13.14%. Short interest in the company has seen 1.77 million shares shorted with days to cover at 0.29.
AXT Inc (AXTI) estimates and forecasts
Figures show that AXT Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 56.00% over the past 6 months, with this year growth rate of 38.24%, compared to 4.10% for the industry. Revenue growth from the last financial year stood is estimated to be 22.50%.
5 analysts offering their estimates for the company have set an average revenue estimate of $20.96 million for the current quarter. 5 have an estimated revenue figure of $22 million for the next quarter concluding in Jun 2024. Year-ago sales stood $19.41 million and $18.59 million respectively for this quarter and the next, and analysts expect sales will grow by 8.00% for the current quarter and 18.30% for the next.
AXTI Dividends
AXT Inc is expected to release its next earnings report between April 25 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
AXT Inc (NASDAQ:AXTI)’s Major holders
Insiders own 6.66% of the company shares, while shares held by institutions stand at 52.91% with a share float percentage of 56.69%. Investors are also buoyed by the number of investors in a company, with AXT Inc having a total of 108 institutions that hold shares in the company. The top two institutional holders are Dimensional Fund Advisors LP with over 2.64 million shares worth more than $9.07 million. As of Jun 29, 2023, Dimensional Fund Advisors LP held 6.04% of shares outstanding.
The other major institutional holder is Needham Investment Management, L.L.C., with the holding of over 2.16 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $7.43 million and represent 4.95% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Needham Small Cap Growth Fund and Vanguard Total Stock Market Index Fund. As of Jun 29, 2023, the former fund manager holds about 3.44% shares in the company for having 1.5 million shares of worth $5.16 million while later fund manager owns 1.18 million shares of worth $4.04 million as of Jun 29, 2023, which makes it owner of about 2.69% of company’s outstanding stock.
