Currently, there are 43.55M common shares owned by the public and among those 40.66M shares have been available to trade.
Insiders at the company have transacted a total of 9 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 6 of these insider trades were purchases, accounting for 328,676 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 223,724 shares.
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However, the script later moved the day high at 4.8500, up 69.30%. The company’s stock has a 5-day price change of 59.50% and 93.97% over the past three months. AXTI shares are trading 60.83% year to date (YTD), with the 12-month market performance down to -16.45% lower. It has a 12-month low price of $1.89 and touched a high of $4.83 over the same period. AXTI has an average intraday trading volume of 161.76K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 57.99%, 54.41%, and 46.37% respectively.
Institutional ownership of AXT Inc (NASDAQ: AXTI) shares accounts for 50.50% of the company’s 43.55M shares outstanding.
It has a market capitalization of $168.45M and a beta (3y monthly) value of 2.04. The earnings-per-share (ttm) stands at -$0.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.42% over the week and 7.06% over the month.
Analysts forecast that AXT Inc (AXTI) will achieve an EPS of -$0.12 for the current quarter, -$0.11 for the next quarter and $0.15 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.14 while analysts give the company a high EPS estimate of -$0.11. Comparatively, EPS for the current quarter was -$0.08 a year ago. Earnings per share for the fiscal year are expected to increase by 33.38%, and 220.46% over the next financial year.
Looking at the support for the AXTI, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on February 23, 2024, with the firm’s price target at $2.25-$3.75. B. Riley Securities coverage for the AXT Inc (AXTI) stock in a research note released on February 23, 2024 offered a Buy rating with a price target of $3.80. Craig Hallum was of a view on February 17, 2023 that the stock is Hold, while Needham gave the stock Buy rating on June 27, 2022, issuing a price target of $8. Wedbush on their part issued Outperform rating on November 04, 2021.
