During the recent session, AXT Inc (NASDAQ:AXTI)’s traded shares were 0.47 million, with the beta value of the company hitting 2.22. At the last check today, the stock’s price was $2.25, reflecting an intraday loss of -12.70% or -$0.33. The 52-week high for the AXTI share is $5.64, that puts it down -150.67 from that peak though still a striking 16.0% gain since the share price plummeted to a 52-week low of $1.89. The company’s market capitalization is $99.99M, and the average intraday trading volume over the past 10 days was 0.29 million shares, and the average trade volume was 299.69K 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 -0.03.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
AXT Inc (NASDAQ:AXTI) trade information
AXT Inc (AXTI) registered a -12.70% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -12.70% in intraday trading to $2.25, hitting a weekly high. The stock’s 5-day price performance is -17.35%, and it has moved by -7.49% in 30 days. Based on these gigs, the overall price performance for the year is 16.48%. The short interest in AXT Inc (NASDAQ:AXTI) is 0.63 million shares and it means that shorts have 1.77 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.25, which implies an increase of 57.14% 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 -166.67% off the target high and -122.22% 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 -38.58% during the last six months, with a year-to-date growth rate more than the industry average at 61.76% against -4.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 66.70% this quarter and then jump 80.00% 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 27.6M as predicted by 5 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 28.7M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 20.43M and 22.69M respectively. In this case, analysts expect current quarter sales to grow by 35.10% and then jump by 26.50% 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 2025-Feb-20. 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 7.11% of total outstanding shares while institutional holders control 54.96%, with the float percentage being 59.16%. VANGUARD GROUP INC is the largest shareholder of the company, while 108.0 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.
