AXT Inc (NASDAQ:AXTI) has a beta value of 2.22 and has seen 1.41 million shares traded in the last trading session. The company, currently valued at $76.91M, closed the last trade at $2.11 per share which meant it lost -$0.47 on the day or -18.06% during that session. The AXTI stock price is -167.3% off its 52-week high price of $5.64 and 10.43% above the 52-week low of $1.89. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.42 million shares traded. The 3-month trading volume is 299.69K shares.
The consensus among analysts is that AXT Inc (AXTI) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.04.
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AXT Inc (NASDAQ:AXTI) trade information
Sporting -18.06% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AXTI stock price touched $2.11 or saw a rise of 31.27%. Year-to-date, AXT Inc shares have moved -12.08%, while the 5-day performance has seen it change -22.43%. Over the past 30 days, the shares of AXT Inc (NASDAQ:AXTI) have changed -13.17%. Short interest in the company has seen 0.63 million shares shorted with days to cover at 1.77.
Wall Street analysts have a consensus price target for the stock at $5.25, which means that the shares’ value could jump 59.81% from current levels. The projected low price target is $5.0 while the price target rests at a high of $6.0. In that case, then, we find that the current price level is -184.36% off the targeted high while a plunge would see the stock gain -136.97% from current levels.
AXT Inc (AXTI) estimates and forecasts
Figures show that AXT Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -42.35% over the past 6 months, with this year growth rate of 61.76%, compared to -3.50% for the industry. Revenue growth from the last financial year stood is estimated to be 29.50%.
5 analysts offering their estimates for the company have set an average revenue estimate of 23.93M for the current quarter. 5 have an estimated revenue figure of 23.85M for the next ending quarter. Year-ago sales stood 20.43M and 22.69M respectively for this quarter and the next, and analysts expect sales will grow by 17.10% for the current quarter and 29.50% for the next.
Earnings growth for 2024 is a modest 60.00% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
AXTI Dividends
AXT Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
AXT Inc (NASDAQ:AXTI)’s Major holders
Insiders own 7.19% of the company shares, while shares held by institutions stand at 54.88% with a share float percentage of 59.13%. Investors are also buoyed by the number of investors in a company, with AXT Inc having a total of 107.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 2.3 million shares worth more than $7.76 million. As of 2024-06-30, VANGUARD GROUP INC held 5.3416% of shares outstanding.
The other major institutional holder is NEEDHAM INVESTMENT MANAGEMENT LLC, with the holding of over 1.54 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.21 million and represent 3.5849% of shares outstanding.
