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AXT (AXTI) News Today

$3.76
+0.30 (+8.67%)
(As of 02:07 PM ET)
AXT (NASDAQ:AXTI) Rating Lowered to Sell at StockNews.com
StockNews.com Lowers AXT (NASDAQ:AXTI) to Sell
StockNews.com lowered AXT from a "hold" rating to a "sell" rating in a report on Monday.
Short Interest in AXT, Inc. (NASDAQ:AXTI) Declines By 43.9%
AXT, Inc. (NASDAQ:AXTI - Get Free Report) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 971,100 shares, a decrease of 43.9% from the April 15th total of 1,730,000 shares. Based on an average daily trading volume, of 2,760,000 shares, the short-interest ratio is currently 0.4 days. Currently, 2.4% of the shares of the company are sold short.
AXT (NASDAQ:AXTI) Issues Q2 2024 Earnings Guidance
AXT (NASDAQ:AXTI) updated its second quarter 2024 earnings guidance. The company provided EPS guidance of -0.050--0.030 for the period, compared to the consensus estimate of -0.050. The company also issued revenue guidance of $25.5 millionillion-$27.5 millionillion, compared to the consensus estimate of $26.3 millionillion.
AXT (NASDAQ:AXTI) Upgraded by StockNews.com to "Hold"
StockNews.com raised shares of AXT from a "sell" rating to a "hold" rating in a research note on Monday.
AXT (NASDAQ:AXTI) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS
AXT (NASDAQ:AXTI - Get Free Report) announced its quarterly earnings results on Thursday. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. AXT had a negative return on equity of 7.80% and a negative net margin of 23.59%. The company had revenue of $22.69 million during the quarter, compared to the consensus estimate of $21.00 million. During the same period in the prior year, the company earned ($0.08) earnings per share.
Assessing AXT: Insights From 10 Financial Analysts
AXT (NASDAQ:AXTI) Rating Reiterated by Wedbush
Wedbush reiterated an "outperform" rating and issued a $6.00 price target on shares of AXT in a report on Friday.
Q1 2024 AXT Inc Earnings Call
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AXTI Media Mentions By Week

AXTI Media Sentiment

Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.

AXTI
News Sentiment

0.18

0.74

Average
Computer and Technology
News Sentiment

AXTI News Coverage

We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.

AXTI Articles
This Week

13

3

AXTI Articles
Average Week

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This page (NASDAQ:AXTI) was last updated on 5/28/2024 by MarketBeat.com Staff

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