AXT Inc (NASDAQ: AXTI) is 54.17% higher on its value in year-to-date trading and has touched a low of $1.89 and a high of $5.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AXTI stock was last observed hovering at around $3.80 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $3.70, the stock is -18.47% and -1.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing -2.63% at the moment leaves the stock 31.46% off its SMA200. AXTI registered -4.15% loss for a year compared to 6-month gain of 52.26%. The firm has a 50-day simple moving average (SMA 50) of $2.42 and a 200-day simple moving average (SMA200) of -$20.84.
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The stock witnessed a -18.86% loss in the last 1 month and extending the period to 3 months gives it a 43.41%, and is -25.25% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 17.46% over the week and 10.94% over the month.
AXT Inc (AXTI) has around 1456 employees, a market worth around $161.47M and $75.80M in sales. Fwd P/E is 20.18. Profit margin for the company is -23.82%. Distance from 52-week low is 95.77% and -34.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.75%).
AXT Inc quarterly earnings per share for the current quarter are estimated at -$0.08 with sales reaching $21.56M over the same period.The EPS is expected to grow by 21.32% this year, but quarterly earnings will post 23.70% year-over-year. Quarterly sales are estimated to grow 11.10% in year-over-year returns.
108 institutions hold shares in AXT Inc (AXTI), with institutional investors hold 56.69% of the company’s shares. The shares outstanding are 44.24M, and float is at 40.66M with Short Float at 4.75%. Institutions hold 52.91% of the Float.
The top institutional shareholder in the company is Dimensional Fund Advisors LP with over 2.64 million shares valued at $9.07 million. The investor’s holdings represent 6.04% of the AXTI Shares outstanding. As of Jun 29, 2023, the second largest holder is Needham Investment Management, L.L.C. with 2.16 million shares valued at $7.43 million to account for 4.95% of the shares outstanding. The other top investors are First Wilshire Securities Management Inc which holds 1.97 million shares representing 4.51% and valued at over $6.78 million, while Vanguard Group Inc holds 4.08% of the shares totaling 1.78 million with a market value of $6.13 million.
