AXT Inc. (AXTI) Sets New 1-Year High at $4.05
AXT Inc. (NASDAQ:AXTI) hit a new 52-week high on Tuesday . The stock traded as high as $4.05 and last traded at $3.97, with a volume of 155,563 shares. The stock had previously closed at $3.99.
Several equities research analysts recently weighed in on AXTI shares. TheStreet raised AXT from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. Zacks Investment Research raised AXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 26th. 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 report on Thursday, July 28th. Craig Hallum raised AXT from a “hold” rating to a “buy” rating in a report on Tuesday, May 3rd. Finally, B. Riley reissued a “buy” rating and issued a $4.80 price objective on shares of AXT in a report on Thursday, July 28th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. AXT presently has an average rating of “Buy” and an average price target of $4.85.
The company’s market capitalization is $127.76 million. The company has a 50-day moving average of $3.46 and a 200 day moving average of $3.00.
AXT (NASDAQ:AXTI) last released its earnings results on Wednesday, July 27th. The company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The company earned $20.50 million during the quarter, compared to the consensus estimate of $19.97 million. AXT’s revenue for the quarter was down 2.4% compared to the same quarter last year. Analysts expect that AXT Inc. will post $0.13 earnings per share for the current 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.