In last trading session, AXT Inc (NASDAQ:AXTI) saw 0.36 million shares changing hands with its beta currently measuring 2.17. Company’s recent per share price level of $2.05 trading at -$0.06 or -2.84% at ring of the bell on the day assigns it a market valuation of $91.19M. That closing price of AXTI’s stock is at a discount of -175.12% from its 52-week high price of $5.64 and is indicating a premium of 5.85% from its 52-week low price of $1.93. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.51 million shares which gives us an average trading volume of 304.29K if we extend that period to 3-months.
For AXT Inc (AXTI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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AXT Inc (NASDAQ:AXTI) trade information
Upright in the red during last session for losing -2.84%, in the last five days AXTI remained trading in the red while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $2.05 price level, adding 8.07% to its value on the day. AXT Inc’s shares saw a change of -14.58% in year-to-date performance and have moved -2.84% in past 5-day. AXT Inc (NASDAQ:AXTI) showed a performance of -22.93% in past 30-days. Number of shares sold short was 0.63 million shares which calculate 1.77 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5.25 to the stock, which implies a rise of 60.95% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 6. It follows that stock’s current price would drop -143.9% in reaching the projected high whereas dropping to the targeted low would mean a loss of -143.9% for stock’s current value.
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 lost -43.21% of value to its shares in past 6 months, showing an annual growth rate of 58.82% while that of industry is -4.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
In 2024, company’s earnings growth rate is likely to be around 61.76% while estimates for its earnings growth in next 5 years are of 20.00%.
AXT Inc (NASDAQ:AXTI)’s Major holders
Insiders are in possession of 7.19% of company’s total shares while institution are holding 53.50 percent of that, with stock having share float percentage of 57.64%. Investors also watch the number of corporate investors in a company very closely, which is 53.50% institutions for AXT Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at AXTI for having 2.3 million shares of worth $7.76 million. And as of 2024-06-30, it was holding 5.3416 of the company’s outstanding shares.
The second largest institutional holder is NEEDHAM INVESTMENT MANAGEMENT LLC, which was holding about 1.54 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.5849 of outstanding shares, having a total worth of $5.21 million.
