AXT Inc (NASDAQ: AXTI) is -22.80% lower on its value in year-to-date trading and has touched a low of $1.13 and a high of $4.03 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AXTI stock was last observed hovering at around $2.37 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $2.54, the stock is 21.15% and 47.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 7.17% at the moment leaves the stock 31.14% off its SMA200. AXTI registered 17.05% gain for a year compared to 6-month loss of 11.89%. The firm has a 50-day simple moving average (SMA 50) of $1.7278 and a 200-day simple moving average (SMA200) of $1.9369.
The stock witnessed a 42.70% gain in the last 1 month and extending the period to 3 months gives it a 88.15%, and is 26.37% 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 7.53% over the week and 9.06% over the month.
AXT Inc (AXTI) has around 1527 employees, a market worth around $115.83M and $96.03M in sales. Profit margin for the company is -19.28%. Distance from 52-week low is 124.78% and -36.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.91%).
The EPS is expected to shrink by -138.35% this year
83.0 institutions hold shares in AXT Inc (AXTI), with institutional investors hold 37.45% of the company’s shares. The shares outstanding are 45.60M, and float is at 41.80M with Short Float at 1.36%. Institutions hold 34.75% of the Float.
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 5.3286 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.
AXT Inc (AXTI) Insider Activity
The most recent transaction is an insider purchase by YOUNG MORRIS S, the company’s CHAIRMAN AND CEO. SEC filings show that YOUNG MORRIS S bought 30,000 shares of the company’s common stock on Feb 25 ’25 at a price of $1.36 per share for a total of $40929.0. Following the purchase, the insider now owns 2.45 million shares.
