AXT Inc [NASDAQ: AXTI] price surged by 3.98 percent to reach at $0.42.
A sum of 6005373 shares traded at recent session while its average daily volume was at 2.06M shares. AXT Inc shares reached a high of $11.88 and dropped to a low of $10.51 until finishing in the latest session at $10.98.
The one-year AXTI stock forecast points to a potential downside of -15.58. The average equity rating for AXTI stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $9.50 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 Price to Book ratio for the last quarter was 2.87, with the Price to Cash per share for the same quarter was set at 0.68.
AXTI Stock Performance Analysis:
AXT Inc [AXTI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.66. With this latest performance, AXTI shares gained by 140.26% in over the last four-week period, additionally plugging by 662.50% over the last 6 months – not to mention a rise of 405.99% 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 86.36, with the RSI for the last a single of trading hit 1.04, and the three-weeks RSI is set at 0.80 for AXT Inc [AXTI]. The present Moving Average for the last 50 days of trading for this stock 5.55, while it was recorded at 10.06 for the last single week of trading, and 2.79 for the last 200 days.
Insight into AXT Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and AXT Inc [AXTI] shares currently have an operating margin of -26.89% and a Gross Margin at 19.42%. AXT Inc’s Net Margin is presently recorded at -25.37%.
AXT Inc (AXTI) Capital Structure & Debt Analysis
According to recent financial data for AXT Inc. ( AXTI), the Return on Equity (ROE) stands at -12.00%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -6.61%, reflecting the company’s efficiency in generating profits from its assets. Additionally, AXT Inc’s Return on Invested Capital (ROIC) is -12.69%, showcasing its effectiveness in deploying capital for earnings.
AXT Inc (AXTI) Efficiency & Liquidity Metrics
Based on AXT Inc’s (AXTI) latest financial statements, the Debt-to-Equity Ratio is 0.35%, indicating its reliance on debt financing relative to shareholder equity.
AXT Inc (AXTI) Efficiency & Liquidity Metrics
From an operational efficiency perspective, AXT Inc. (AXTI) effectively leverages its workforce, generating an average of -$15016.37 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.76% and a Quick Ratio of 0.85%, indicating strong ability to cover short-term liabilities.
AXTI Stock EPS
With the latest financial reports released by the company, AXT Inc posted -0.1/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.06. 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.
AXT Inc [AXTI] Institutonal Ownership Details
There are presently around $33.30%, or 35.78%% of AXTI stock, in the hands of institutional investors. The top three institutional holders of AXTI stocks are: VANGUARD GROUP INC with ownership of 2.3 million shares, which is approximately 5.3286%. NEEDHAM INVESTMENT MANAGEMENT LLC, holding 1.54 million shares of the stock with an approximate value of $$5.21 million in AXTI stocks shares; and NEEDHAM INVESTMENT MANAGEMENT LLC, currently with $$4.42 million in AXTI stock with ownership which is approximately 3.0348%.
