In last trading session, AXT Inc (NASDAQ:AXTI) saw 1.47 million shares changing hands with its beta currently measuring 2.13. Company’s recent per share price level of $2.30 trading at $0.07 or 2.91% at ring of the bell on the day assigns it a market valuation of $102.70M. That closing price of AXTI’s stock is at a discount of -145.22% from its 52-week high price of $5.64 and is indicating a premium of 24.78% from its 52-week low price of $1.73.
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. The company is expected to be making an EPS of -0.04 in the current quarter.
AXT Inc (NASDAQ:AXTI) trade information
Upright in the green during last session for gaining 2.91%, in the last five days AXTI remained trading in the green while hitting it’s week-highest on Wednesday, 02/19/25 when the stock touched $2.30 price level, adding 12.21% to its value on the day. AXT Inc’s shares saw a change of 5.76% in year-to-date performance and have moved 17.69% in past 5-day. AXT Inc (NASDAQ:AXTI) showed a performance of 1.55% in past 30-days.
Wall Street analysts have assigned a consensus price target of 5.25 to the stock, which implies a rise of 56.19% 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 -117.39% in reaching the projected high whereas dropping to the targeted low would mean a loss of -117.39% for stock’s current value.
AXT Inc (AXTI) estimates and forecasts
This year revenue growth is estimated to rise 29.54% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 23.93M for the same. And 5 analysts are in estimates of company making revenue of 23.85M in the next quarter. Company posted 20.43M and 22.69M of sales in current and next quarters respectively a year earlier.
AXT Inc (NASDAQ:AXTI)’s Major holders
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 3.5762 of outstanding shares, having a total worth of $5.21 million.
