AXT Inc (NASDAQ:AXTI) shares, rose in value on Friday, June 20, with the stock price down by -3.66% to the previous day’s close as strong demand from buyers drove the stock to $1.84.
Actively observing the price movement in the last trading, the stock closed the session at $1.91. Referring to stock’s 52-week performance, its high was $4.03, and the low was $1.13. On the whole, AXTI has fluctuated by 29.58% over the past month.
With the market capitalization of AXT Inc currently standing at about $83.91 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-01.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AXTI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of AXTI currently trading nearly 3.07% and 21.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.77, while the 7-day volatility ratio is showing 1.81% which for the 30-day chart, stands at 6.33%. Furthermore, AXT Inc (AXTI)’s beta value is 1.98, and its average true range (ATR) is 0.17.
A comparison of AXT Inc (AXTI) with its peers suggests the former has fared considerably weaker in the market. AXTI showed an intraday change of -3.66% in last session, and over the past year, it shrunk by -50.27%%.
Data on historical trading for AXT Inc (NASDAQ:AXTI) indicates that the trading volumes over the past 3 months, they’ve averaged 424.97K. According to company’s latest data on outstanding shares, there are 45.60 million shares outstanding.
Nearly 8.33% of AXT Inc’s shares belong to company insiders and institutional investors own 31.85% of the company’s shares. The stock has fallen by -15.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AXTI stock heading into the next quarter.
