AXT Inc (NASDAQ:AXTI) price on Thursday, February 27, rose 25.00% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.65.
A look at the stock’s price movement, the close in the last trading session was $1.32. Turning to its 52-week performance, $5.64 and $1.29 were the 52-week high and 52-week low respectively. Overall, AXTI moved -23.61% over the past month.
AXT Inc’s market cap currently stands at around $73.84 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 18.98M for the company’s revenue for the quarter, with a low and high estimate of 18.7M and 19.21M respectively. The average forecast suggests down to a -16.33% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 104.72M, representing a 5.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AXTI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend AXTI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AXTI’s current price about -15.57% and -21.86% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.81, while 7-day volatility ratio is 17.85% and 9.63% in the 30-day chart. Further, AXT Inc (AXTI) has a beta value of 2.19, and an average true range (ATR) of 0.21. Analysts have given the company’s stock an average 52-week price target of $5.25, forecast between a low of $5 and high of $6. Looking at the price targets, the low is -203.03% off current price level while to achieve the yearly target high, price needs to move -263.64%. Nonetheless, investors will most likely welcome a -218.18% jump to $5.25 which is the analysts’ median price.
If we refocus on AXT Inc (NASDAQ:AXTI), historical trading data shows that trading volumes averaged 541.41K over the past 3 months. The company’s latest data on shares outstanding shows there are 44.75 million shares.
The 7.65% of AXT Inc’s shares are in the hands of company insiders while institutional holders own 43.77% of the company’s shares. Current price change has pushed the stock -23.96% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AXTI stock continues to rise going into the next quarter.
