AXT Inc [NASDAQ: AXTI] closed the trading session at $3.66.
The stocks have a year to date performance of 52.50 percent and weekly performance of 23.23 percent. The stock has been moved at 89.64 percent over the last six months. The stock has performed 13.66 percent around the most recent 30 days and changed 45.24 percent over the most recent 3-months.
If compared to the average trading volume of 2.64M shares, AXTI reached to a volume of 13549898 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $5.50 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 1.00. 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.
Craig Hallum have made an estimate for AXT Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 23, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price from $2.40 to $3.80. The new note on the price target was released on February 23, 2024, representing the official price target for AXT Inc stock. Previously, the target price had yet another drop from $7 to $5.50, while Craig Hallum kept a Hold rating on AXTI stock.
The Average True Range (ATR) for AXT Inc is set at 0.34, with the Price to Sales ratio for AXTI stock in the period of the last 12 months amounting to 2.05. The Price to Book ratio for the last quarter was 0.81, with the Price to Cash per share for the same quarter was set at 0.93.
AXTI stock trade performance evaluation
AXT Inc [AXTI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.23. With this latest performance, AXTI shares gained by 13.66% in over the last four-week period, additionally plugging by 89.64% over the last 6 months – not to mention a rise of 30.71% 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 55.52, with the RSI for the last a single of trading hit 64.45, and the three-weeks RSI is set at 52.49 for AXT Inc [AXTI]. The present Moving Average for the last 50 days of trading for this stock 4.01, while it was recorded at 3.12 for the last single week of trading, and 2.82 for the last 200 days.
AXT Inc [AXTI]: An insightful look at the core fundamentals
AXT Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.08 and a Current Ratio set at 2.27.
Earnings per share (EPS) analysis for AXT Inc [AXTI] stock
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 15.00%.
AXT Inc [AXTI]: Institutional Ownership
The top three institutional holders of AXTI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in AXTI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in AXTI stock with ownership which is approximately 5.8386%.
