AXT Inc. (AXTI) Trading Up 1.6%
AXT Inc. (NASDAQ:AXTI)’s share price was up 1.6% on Friday . The stock traded as high as $3.95 and last traded at $3.92, with a volume of 112,776 shares trading hands. The stock had previously closed at $3.86.
Several equities analysts recently weighed in on AXTI shares. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research note on Thursday, July 28th. B. Riley reissued a “buy” rating and set a $4.80 price target on shares of AXT in a research report on Thursday, July 28th. TheStreet raised AXT from a “hold” rating to a “buy” rating in a research report on Wednesday, May 25th. Craig Hallum raised AXT from a “hold” rating to a “buy” rating in a research report on Tuesday, May 3rd. Finally, Zacks Investment Research raised AXT from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $4.85.
The firm has a 50-day moving average of $3.63 and a 200-day moving average of $3.09. The company’s market capitalization is $126.88 million.
AXT (NASDAQ:AXTI) last posted its earnings results on Wednesday, July 27th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The company had revenue of $20.50 million for the quarter, compared to the consensus estimate of $19.97 million. The firm’s revenue was down 2.4% compared to the same quarter last year. On average, analysts forecast 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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