AXT Inc (NASDAQ:AXTI)’s traded shares stood at 0.31 million during the last session, with the company’s beta value hitting 2.23. At the close of trading, the stock’s price was $2.53, to imply an increase of 4.12% or $0.1 in intraday trading. The AXTI share’s 52-week high remains $5.64, putting it -122.92% down since that peak but still an impressive 25.3% since price per share fell to its 52-week low of $1.89. The company has a valuation of $112.53M, with an average of 0.34 million shares in intraday trading volume over the past 10 days and average of 284.22K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for AXT Inc (AXTI), translating to a mean rating of 1.00. Of 4 analyst(s) looking at the stock, 0 analyst(s) give AXTI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.07.
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AXT Inc (NASDAQ:AXTI) trade information
After registering a 4.12% upside in the last session, AXT Inc (AXTI) has traded red over the past five days. The 5-day price performance for the stock is -0.78%, and 6.75% over 30 days. With these gigs, the year-to-date price performance is 5.42%. Short interest in AXT Inc (NASDAQ:AXTI) saw shorts transact 0.84 million shares and set a 4.18 days time to cover.
The extremes give us $5 and $6 for target low and target high price respectively. As such, AXTI has been trading -137.15% off suggested target high and -97.63% from its likely low.
AXT Inc (AXTI) estimates and forecasts
Looking at statistics comparing AXT Inc share performance against respective industry, we note that the company has outperformed competitors. AXT Inc (AXTI) shares are -18.65% down over the last 6 months, with its year-to-date growth rate higher than industry average at 61.76% against -4.00%. Revenue is forecast to grow 50.00% this quarter before jumping 66.70% for the next one. The rating firms project that company’s revenue will grow 37.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 25.98M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 27.6M.Earnings reports from the last fiscal year show that sales brought in 17.37M and 20.43M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 49.60% before jumping 35.10% in the following quarter.
AXTI Dividends
AXT Inc has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
AXT Inc (NASDAQ:AXTI)’s Major holders
AXT Inc insiders hold 6.89% of total outstanding shares, with institutional holders owning 50.53% of the shares at 54.27% float percentage. In total, 50.53% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 2.3 million shares (or 5.3416% of shares), all amounting to roughly $7.76 million.
The next major institution holding the largest number of shares is NEEDHAM INVESTMENT MANAGEMENT LLC with 1.54 million shares, or about 3.5849% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $5.21 million.
