During the last session, AXT Inc (NASDAQ:AXTI)’s traded shares were 0.31 million, with the beta value of the company hitting 2.23. At the end of the trading day, the stock’s price was $2.58, reflecting an intraday loss of -3.01% or -$0.08. The 52-week high for the AXTI share is $5.64, that puts it down -118.6 from that peak though still a striking 26.74% gain since the share price plummeted to a 52-week low of $1.89. The company’s market capitalization is $114.76M, and the average intraday trading volume over the past 10 days was 0.35 million shares, and the average trade volume was 306.38K shares over the past three months.
AXT Inc (AXTI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. AXTI has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.07.
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AXT Inc (NASDAQ:AXTI) trade information
AXT Inc (AXTI) registered a -3.01% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.01% in intraday trading to $2.58, hitting a weekly high. The stock’s 5-day price performance is 1.98%, and it has moved by 12.66% in 30 days. Based on these gigs, the overall price performance for the year is 3.61%. The short interest in AXT Inc (NASDAQ:AXTI) is 0.67 million shares and it means that shorts have 2.47 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.25, which implies an increase of 50.86% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $6 respectively. As a result, AXTI is trading at a discount of -132.56% off the target high and -93.8% off the low.
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 down -24.78% during the last six months, with a year-to-date growth rate more than the industry average at 61.76% against -5.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 50.00% this quarter and then jump 66.70% in the quarter after that. In the rating firms’ projections, revenue will increase 37.40% 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 25.98M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 27.6M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 17.37M and 20.43M respectively. In this case, analysts expect current quarter sales to grow by 49.60% and then jump by 35.10% in the coming quarter.
While earnings are projected to return 61.18% in 2024, the next five years will return 20.00% per annum.
AXTI Dividends
AXT Inc is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
AXT Inc (NASDAQ:AXTI)’s Major holders
AXT Inc insiders own 6.89% of total outstanding shares while institutional holders control 49.69%, with the float percentage being 53.37%. VANGUARD GROUP INC is the largest shareholder of the company, while 110.0 institutions own stock in it. As of 2024-06-30, the company held over 2.3 million shares (or 5.3416% of all shares), a total value of $7.76 million in shares.
The next largest institutional holding, with 1.54 million shares, is of NEEDHAM INVESTMENT MANAGEMENT LLC’s that is approximately 3.5849% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.21 million.
