AXT Inc. (AXTI) Shares Down 1.3%
Shares of AXT Inc. (NASDAQ:AXTI) traded down 1.3% during trading on Monday . The stock traded as low as $3.81 and last traded at $3.93, with a volume of 153,521 shares. The stock had previously closed at $3.98.
Several analysts have commented on the stock. B. Riley restated a “buy” rating and issued a $4.80 price objective on shares of AXT in a report on Thursday, July 28th. Zacks Investment Research raised shares of AXT from a “hold” rating to a “strong-buy” rating and set a $3.50 target price for the company in a research note on Wednesday, May 4th. Finally, Craig Hallum raised shares of AXT from a “hold” rating to a “buy” rating in a research note on Tuesday, May 3rd. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $4.85.
The firm’s market capitalization is $124.60 million. The firm’s 50-day moving average price is $3.57 and its 200 day moving average price is $3.06.
AXT (NASDAQ:AXTI) last posted its earnings results on Wednesday, July 27th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business earned $20.50 million during the quarter, compared to the consensus estimate of $19.97 million. The business’s revenue was down 2.4% on a year-over-year basis. On average, analysts expect that AXT Inc. will post $0.13 EPS 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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