In recent trading session, AXT Inc (NASDAQ:AXTI) saw 10.28 million shares changing hands at last check today with its beta currently measuring 2.22. Company’s recent per share price level of $3.48 trading at $0.45 or 14.85% at last check today assigns it a market valuation of $153.99M. That most recent trading price of AXTI’s stock is at a discount of -62.07% from its 52-week high price of $5.64 and is indicating a premium of 45.69% from its 52-week low price of $1.89. Taking a look at company’s average trading volume of 2.64 million if we extend that period to 3-months.
AXT Inc (NASDAQ:AXTI) trade information
Upright in the green today for gaining 14.85%, in the last five days AXTI remained trading in the green while hitting it’s week-highest on Friday, 05/03/24 when the stock touched $3.48 price level, adding 17.54% to its value on the day. AXT Inc’s shares saw a change of 45.00% in year-to-date performance and have moved 17.17% in past 5-day. AXT Inc (NASDAQ:AXTI) showed a performance of 8.07% in past 30-days.
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 80.31% of value to its shares in past 6 months, showing an annual growth rate of 38.24% while that of industry is 4.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 23.70% 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 22.1M for the same. And 5 analysts are in estimates of company making revenue of 23.98M in the next quarter. Company posted 18.59M and 17.37M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 60.00% 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 in June 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.
