During the last session, AXT Inc (NASDAQ:AXTI)’s traded shares were 0.51 million, with the beta value of the company hitting 2.29. At the end of the trading day, the stock’s price was $2.97, reflecting an intraday gain of 2.41% or $0.07. The 52-week high for the AXTI share is $5.64, that puts it down -89.9 from that peak though still a striking 36.36% gain since the share price plummeted to a 52-week low of $1.89. The company’s market capitalization is $131.42M, and the average trade volume was 2.57 million shares over the past three months.
AXT Inc (NASDAQ:AXTI) trade information
AXT Inc (AXTI) registered a 2.41% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.41% in intraday trading to $2.97, hitting a weekly high. The stock’s 5-day price performance is 7.22%, and it has moved by -39.26% in 30 days. Based on these gigs, the overall price performance for the year is -7.48%.
AXT Inc (AXTI) estimates and forecasts
Statistics show that AXT Inc has outperformed its competitors in share price, compared to the industry in which it operates. AXT Inc (AXTI) shares have gone up 38.79% during the last six months, with a year-to-date growth rate more than the industry average at 38.24% against 4.80. In the rating firms’ projections, revenue will increase 23.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 21.56M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 22.1M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 19.41M and 18.59M respectively. In this case, analysts expect current quarter sales to grow by 11.10% and then jump by 18.80% in the coming quarter.
While earnings are projected to return 21.32% in 2024, the next five years will return 15.00% per annum.
AXTI Dividends
AXT Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
