AXT Inc (NASDAQ: AXTI) is 5.53% higher on its value in year-to-date trading and has touched a low of $1.73 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 $2.30 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $2.29, the stock is 6.80% and 4.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing -0.22% at the moment leaves the stock -14.81% off its SMA200. AXTI registered -4.58% loss for a year compared to 6-month loss of -19.08%.
The stock witnessed a -6.15% gain in the last 1 month and extending the period to 3 months gives it a 24.46%, and is 11.71% up 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 10.36% over the week and 6.98% over the month.
AXT Inc (AXTI) has around 1456 employees, a market worth around $102.48M and $94.69M in sales. Fwd P/E is 5.20. Profit margin for the company is -10.91%. Distance from 52-week low is 32.37% and -59.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.10%).
with sales reaching $23.93M over the same period.The EPS is expected to grow by 79.35% this year, but quarterly earnings will post 29.54% year-over-year. Quarterly sales are estimated to grow 17.16% in year-over-year returns.
The shares outstanding are 44.68M, and float is at 41.68M with Short Float at 1.39%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 2.3 million shares valued at $7.76 million. The investor’s holdings represent 5.3416 of the AXTI Shares outstanding. As of 2024-06-30, the second largest holder is NEEDHAM INVESTMENT MANAGEMENT LLC with 1.54 million shares valued at $5.21 million to account for 3.5762 of the shares outstanding. The other top investors are SYSTEMATIC FINANCIAL MANAGEMENT LP which holds 1.31 million shares representing 3.0348 and valued at over $4.42 million, while DIMENSIONAL FUND ADVISORS LP holds 3.0263 of the shares totaling 1.3 million with a market value of $4.41 million.
