Saturday, February 27, 2021

For AXT Inc. [AXTI], Analyst sees a rise to $6.60. What next?

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AXT Inc. [NASDAQ: AXTI] traded at a high on 02/19/21, posting a 27.13 gain after which it closed the day’ session at $15.37. The company report on February 19, 2021 that AXT, Inc. Announces Fourth Quarter and Fiscal Year 2020 Financial Results.

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Revenue Grows 15 Percent Year on Year.


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AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, reported financial results for the fourth quarter and fiscal year, ended December 31, 2020.

The results of the trading session contributed to over 3190470 shares changing hands. Over the past one week, the price volatility of AXT Inc. stands at 9.67% while the volatility over the past one month is 7.14%.

The market cap for AXTI stock reached $499.37 million, with 40.15 million shares outstanding and 38.86 million shares in the current float. Compared to the average trading volume of 612.70K shares, AXTI reached a trading volume of 3190470 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about AXT Inc. [AXTI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AXTI shares is $12.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AXTI stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

B. Riley Securities have made an estimate for AXT Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 06, 2020. The new note on the price target was released on October 03, 2019, representing the official price target for AXT Inc. stock. Previously, the target price had yet another raise from $10 to $11, while Needham kept a Buy rating on AXTI stock. On July 27, 2017, analysts increased their price target for AXTI shares from 10 to 12.

The Average True Range (ATR) for AXT Inc. is set at 0.93, with the Price to Sales ratio for AXTI stock in the period of the last 12 months amounting to 5.23. The Price to Book ratio for the last quarter was 3.22, with the Price to Cash per share for the same quarter was set at 0.83.

How has AXTI stock performed recently?

AXT Inc. [AXTI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 26.09. With this latest performance, AXTI shares gained by 32.27% in over the last four-week period, additionally plugging by 205.57% over the last 6 months – not to mention a rise of 284.25% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AXTI stock in for the last two-week period is set at 73.95, with the RSI for the last a single of trading hit 79.21, and the three-weeks RSI is set at 70.45 for AXT Inc. [AXTI]. The present Moving Average for the last 50 days of trading for this stock 11.02, while it was recorded at 13.02 for the last single week of trading, and 7.11 for the last 200 days.

AXT Inc. [AXTI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and AXT Inc. [AXTI] shares currently have an operating margin of +4.13 and a Gross Margin at +31.75. AXT Inc.’s Net Margin is presently recorded at +3.40.

Return on Total Capital for AXTI is now 1.68, given the latest momentum, and Return on Invested Capital for the company is 1.68. Return on Equity for this stock inclined to 1.70, with Return on Assets sitting at 1.24. When it comes to the capital structure of this company, AXT Inc. [AXTI] has a Total Debt to Total Equity ratio set at 6.64. Additionally, AXTI Total Debt to Total Capital is recorded at 6.22, with Total Debt to Total Assets ending up at 4.28. Long-Term Debt to Equity for the company is recorded at 1.26, with the Long-Term Debt to Total Capital now at 1.16.

Receivables Turnover for the company is 4.38 with a Total Asset Turnover recorded at a value of 0.37.AXT Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 4.10.

Earnings analysis for AXT Inc. [AXTI]

With the latest financial reports released by the company, AXT Inc. posted -0.01/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 80.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AXTI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for AXT Inc. go to 10.00%.

Insider trade positions for AXT Inc. [AXTI]

There are presently around $382 million, or 66.70% of AXTI stock, in the hands of institutional investors. The top three institutional holders of AXTI stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 3,228,665, which is approximately -1.516% of the company’s market cap and around 5.00% of the total institutional ownership; BLACKROCK INC., holding 2,825,523 shares of the stock with an approximate value of $43.43 million in AXTI stocks shares; and VANGUARD GROUP INC, currently with $28.61 million in AXTI stock with ownership of nearly -13.79% of the company’s market capitalization.

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Positions in AXT Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 53 institutional holders increased their position in AXT Inc. [NASDAQ:AXTI] by around 3,064,134 shares. Additionally, 53 investors decreased positions by around 3,869,325 shares, while 11 investors held positions by with 17,887,669 shares. The mentioned changes placed institutional holdings at 24,821,128 shares, according to the latest SEC report filing. AXTI stock had 21 new institutional investments in for a total of 1,855,179 shares, while 18 institutional investors sold positions of 1,091,494 shares during the same period.

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