AXT Inc (AXTI) concluded trading on Thursday at a closing price of $1.65, with 3.99 million shares of worth about $6.58 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -40.43% during that period and on February 27, 2025 the price saw a gain of about 25.00%. Currently the company’s common shares owned by public are about 44.75M shares, out of which, 41.33M shares are available for trading.
Stock saw a price change of -27.95% in past 5 days and over the past one month there was a price change of -23.61%. Year-to-date (YTD), AXTI shares are showing a performance of -23.96% which decreased to -63.58% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.29 but also hit the highest price of $5.64 during that period. The average intraday trading volume for AXT Inc shares is 541.41K. The stock is currently trading -15.57% below its 20-day simple moving average (SMA20), while that difference is down -21.86% for SMA50 and it goes to -37.27% lower than SMA200.
AXT Inc (NASDAQ: AXTI) currently have 44.75M outstanding shares and institutions hold larger chunk of about 43.77% of that.
The stock has a current market capitalization of $73.84M and its 3Y-monthly beta is at 2.19. It has posted earnings per share of -$0.27 in the same period. It has Quick Ratio of 0.99 while making debt-to-equity ratio of 0.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AXTI, volatility over the week remained 17.85% while standing at 9.63% over the month.
Analysts are in expectations that AXT Inc (AXTI) stock would likely to be making an EPS of -0.14 in the current quarter, while forecast for next quarter EPS is -0.06 and it is 0.07 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.15 which is -0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -12.00% while it is estimated to increase by 131.25% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on February 23, 2024 offering a Buy rating for the stock and assigned a target price range of between $2.25 and $3.75 to it. Coverage by B. Riley Securities stated AXT Inc (AXTI) stock as a Buy in their note to investors on February 23, 2024, suggesting a price target of $3.80 for the stock. On February 17, 2023, Craig Hallum Downgrade their recommendations, while on June 27, 2022, Needham Initiated their ratings for the stock with a price target of $8. Stock get an Outperform rating from Wedbush on November 04, 2021.
