In the latest trading session, 1.11 million AXT Inc (NASDAQ:AXTI) shares changed hands as the company’s beta touched 2.16. With the company’s most recent per share price at $1.48 changed hands at -$0.1 or -6.65% at last look, the market valuation stands at $66.01M. AXTI’s current price is a discount, trading about -281.08% off its 52-week high of $5.64. The share price had its 52-week low at $1.56, which suggests the last value was -5.41% down since then.
Analysts gave the AXT Inc (AXTI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended AXTI as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. AXT Inc’s EPS for the current quarter is expected to be -0.14.
AXT Inc (NASDAQ:AXTI) trade information
Instantly AXTI was in red as seen in intraday trades today. With action -33.86%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -32.03%, with the 5-day performance at -33.86% in the red. However, in the 30-day time frame, AXT Inc (NASDAQ:AXTI) is -35.87% down.
The consensus price target for the stock as assigned by Wall Street analysts is 5.25, meaning bulls need an upside of 71.81% from its recent market value. According to analyst projections, AXTI’s forecast low is 5 with 6 as the target high. To hit the forecast high, the stock’s price needs a -305.41% plunge from its current level, while the stock would need to soar -237.84% for it to hit the projected low.
AXT Inc (AXTI) estimates and forecasts
Year-over-year growth is forecast to reach 5.40% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 18.98M. 5 analysts are of the opinion that AXT Inc’s revenue for the current quarter will be 25.87M. The company’s revenue for the corresponding quarters a year ago was 22.69M and 27.92M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -16.33%. The estimates for the next quarter sales put growth at -7.35%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -30.82%. The 2025 estimates are for AXT Inc earnings to decrease by -12.00%.
AXT Inc (NASDAQ:AXTI)’s Major holders
NEEDHAM INVESTMENT MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 3.5762% or 1.54 million shares worth $5.21 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Needham Small Cap Growth Fund. With 1.62 shares estimated at $2.37 million under it, the former controlled 3.63% of total outstanding shares. On the other hand, Needham Small Cap Growth Fund held about 2.46% of the shares, roughly 1.1 shares worth around $1.61 million.
