AXT Inc. (AXTI) Shares Down 1.3%
AXT Inc. (NASDAQ:AXTI) shares traded down 1.3% during trading on Monday . The company traded as low as $3.81 and last traded at $3.93, with a volume of 153,521 shares changing hands. The stock had previously closed at $3.98.
A number of research analysts have recently commented on the company. B. Riley reissued a “buy” rating and set a $4.80 price objective on shares of AXT in a report on Tuesday, August 2nd. Zacks Investment Research raised AXT from a “hold” rating to a “strong-buy” rating and set a $4.25 target price on the stock in a report on Friday, July 29th. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a report on Thursday, July 28th. TheStreet raised AXT from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. Finally, Craig Hallum raised AXT from a “hold” rating to a “buy” rating in a report on Tuesday, May 3rd. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $4.85.
The firm’s market cap is $125.60 million. The stock’s 50 day moving average price is $3.54 and its 200-day moving average price is $3.05.
AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm earned $20.50 million during the quarter, compared to the consensus estimate of $19.97 million. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, equities research analysts forecast that AXT Inc. will post $0.13 earnings per share for the current fiscal year.
AXT, Inc (AXT) is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. The Company is engaged in the design, development, manufacture and distribution of compound semiconductor substrates and sale of materials.
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