Should I buy or sell AXT stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AXT in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AXTI shares. View AXTI analyst ratings or view top-rated stocks .

What is AXT's stock price target for 2024?

4 Wall Street analysts have issued 1 year price targets for AXT's shares. Their AXTI share price targets range from $3.70 to $10.00. On average, they anticipate the company's share price to reach $5.49 in the next year. This suggests a possible upside of 165.2% from the stock's current price. View analysts price targets for AXTI or view top-rated stocks among Wall Street analysts .

How have AXTI shares performed in 2023?

AXT's stock was trading at $4.38 at the beginning of the year. Since then, AXTI shares have decreased by 52.7% and is now trading at $2.07. View the best growth stocks for 2023 here .

Are investors shorting AXT?

AXT saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 340,900 shares, a drop of 20.4% from the October 31st total of 428,200 shares. Based on an average daily trading volume, of 178,300 shares, the short-interest ratio is presently 1.9 days. Currently, 0.8% of the shares of the company are short sold. View AXT's Short Interest .

When is AXT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024. View our AXTI earnings forecast .

How were AXT's earnings last quarter?

AXT, Inc. (NASDAQ:AXTI) released its earnings results on Thursday, November, 2nd. The semiconductor company reported ($0.14) EPS for the quarter, hitting analysts' consensus estimates of ($0.14). The semiconductor company had revenue of $17.37 million for the quarter, compared to analyst estimates of $18.04 million. AXT had a negative trailing twelve-month return on equity of 5.53% and a negative net margin of 15.72%.

What other stocks do shareholders of AXT own?

Based on aggregate information from My MarketBeat watchlists, some companies that other AXT investors own include NVIDIA (NVDA) , Micron Technology (MU) , Alibaba Group (BABA) , Advanced Micro Devices (AMD) , Editas Medicine (EDIT) , Cisco Systems (CSCO) , General Electric (GE) , Block (SQ) , OPKO Health (OPK) and Bank of America (BAC) .

Who are AXT's major shareholders?

AXT's stock is owned by a number of institutional and retail investors. Top institutional investors include First Wilshire Securities Management Inc. (5.79%), Pacific Ridge Capital Partners LLC (2.82%), Kennedy Capital Management LLC (1.46%), White Pine Capital LLC (1.03%), GSA Capital Partners LLP (0.86%) and Walleye Capital LLC (0.48%). Insiders that own company stock include Gary L Fischer , Jesse Chen , Leonard J Leblanc , Morris S Young, Morris S Young and Russell Christine. View institutional ownership trends .

How do I buy shares of AXT?

Shares of AXTI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

AXT Stock Price, News & Analysis (NASDAQ:AXTI)

$2.07

0.00 (0.00%)

(As of 09:33 AM ET)

Compare

Today's Range: $2.07
▼
$2.07
50-Day Range: $1.93
▼
$2.51
52-Week Range: $1.89
▼
$6.57

Volume: 970 shs
Average Volume: 278,785 shs
Market Capitalization: $90.33 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.49

AXT MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 165.2% Upside
$5.49 Price Target
Short Interest: Healthy
0.84% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.72
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.47) to ($0.20) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Computer And Technology Sector

176th out of 603 stocks

Semiconductors & Related Devices Industry

35th out of 90 stocks

3.3

Analyst's Opinion

Consensus Rating
AXT has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.49, AXT has a forecasted upside of 165.2% from its current price of $2.07.
Amount of Analyst Coverage
AXT has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.84% of the float of AXT has been sold short.
Short Interest Ratio / Days to Cover
AXT has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in AXT has recently decreased by 20.39%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
AXT does not currently pay a dividend.
Dividend Growth
AXT does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AXTI.

3.7

News and Social Media Coverage

News Sentiment
AXT has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for AXT this week, compared to 1 article on an average week.
Search Interest
1 people have searched for AXTI on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added AXT to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, AXT insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 8.37% of the stock of AXT is held by insiders.
Percentage Held by Institutions
53.92% of the stock of AXT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for AXT are expected to grow in the coming year, from ($0.47) to ($0.20) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of AXT is -6.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of AXT is -6.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
AXT has a P/B Ratio of 0.40. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About AXT Stock (NASDAQ:AXTI)

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide for use in data center connectivity using light/lasers, 5G communications, fiber optic lasers and detectors, passive optical networks, silicon photonics, photonic integrated circuits, terrestrial solar cells, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging. It also provides semi-insulating gallium arsenide (GaAs) substrates for use in Wi-Fi and IoT devices, transistors, direct broadcast television, power amplifiers, satellite communications, and solar cells; and semi-conducting GaAs substrates that are used in LED, screen displays, printer head lasers and LEDs, 3-D sensing using VCSELs, data center communication using VCSELs, sensors for industrial robotics/near-infrared sensors, optical couplers, solar cells, night vision goggles, lidar for robotics and autonomous vehicles, and other lasers, as well as laser machining, cutting, and drilling. In addition, the company offers germanium substrates for use in multi-junction solar cells for satellites, optical sensors and detectors, terrestrial concentrated photo voltaic cells, infrared detectors, and carrier wafer for LED. Further, it provides 6N+ and 7N+ purified gallium, boron trioxide, gallium-magnesium alloy, pyrolytic boron nitride (pBN) crucibles, and pBN insulating parts. It sells its products through direct salesforce in the United States, China, and Europe, as well as through independent sales representatives and distributors in Japan, Taiwan, Korea, and internationally. The company was formerly known as American Xtal Technology, Inc. and changed its name to AXT, Inc. in July 2000. AXT, Inc. was incorporated in 1986 and is headquartered in Fremont, California.

AXTI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AXTI Stock News Headlines

November 23, 2023 | americanbankingnews.com

Reviewing AXT (NASDAQ:AXTI) and BE Semiconductor Industries (OTCMKTS:BESIY)

November 22, 2023 | morningstar.com

AXT Inc AXTI

November 30, 2023 | Autonomix (Ad)

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November 16, 2023 | finance.yahoo.com

The past three years for AXT (NASDAQ:AXTI) investors has not been profitable

November 3, 2023 | finance.yahoo.com

AXT, Inc. (NASDAQ:AXTI) Q3 2023 Earnings Call Transcript

November 3, 2023 | finance.yahoo.com

Q3 2023 AXT Inc Earnings Call

November 2, 2023 | finance.yahoo.com

AXT Inc (AXTI) Reports Q3 2023 Financial Results

November 2, 2023 | msn.com

AXT Non-GAAP EPS of -$0.12, revenue of $17.4M

November 30, 2023 | Tomorrow Investor (Ad)

The Only Practical Solution to the World’s Looming Energy Crisis

There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!

November 2, 2023 | finance.yahoo.com

AXT, Inc. Announces Third Quarter 2023 Financial Results

October 29, 2023 | realmoney.thestreet.com

A Baker's Dozen of So-So Stocks Make the 2020 Version of This Value Portfolio

October 16, 2023 | finance.yahoo.com

AXT, Inc. Schedules Third Quarter 2023 Earnings Release for November 2, 2023

October 16, 2023 | businesswire.com

Baxter Launches Digital Image Capture Capability for PanOptic Plus Ophthalmoscope

September 30, 2023 | finance.yahoo.com

AXT Inc (AHV.MU)

September 20, 2023 | msn.com

AXT's China unit secures initial export permits to resume shipping gallium arsenide and germanium substrates

September 20, 2023 | finance.yahoo.com

Tongmei Receives Initial Export Permits from China’s Central Ministry of Commerce for Gallium Arsenide and Germanium Substrates

September 14, 2023 | finance.yahoo.com

With 53% institutional ownership, AXT, Inc. (NASDAQ:AXTI) is a favorite amongst the big guns

September 7, 2023 | barrons.com

AXT Inc.

August 29, 2023 | msn.com

AXT: Undervalued, And May Benefit From The 5G Market Growth

August 8, 2023 | finance.yahoo.com

AXT, Inc. Announces Financial Conference Participation for the Third Quarter 2023

August 4, 2023 | msn.com

Needham Reiterates AXT (AXTI) Buy Recommendation

August 4, 2023 | finance.yahoo.com

What Does AXT, Inc.'s (NASDAQ:AXTI) Share Price Indicate?

August 3, 2023 | finance.yahoo.com

AXT (AXTI) Reports Q2 Loss, Misses Revenue Estimates

August 3, 2023 | chron.com

AXT: Q2 Earnings Snapshot

August 3, 2023 | finance.yahoo.com

AXT, Inc. Announces Second Quarter 2023 Financial Results

August 2, 2023 | benzinga.com

A Preview Of AXT's Earnings

August 1, 2023 | markets.businessinsider.com

Craig-Hallum Keeps Their Buy Rating on AXT (AXTI)

See More Headlines

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Company Calendar

Last Earnings: 11/02/2023
Today: 11/29/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/15/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: Semiconductor Equipment
Sector: Computer and Technology
Current Symbol: NASDAQ:AXTI
CUSIP: 00246W10
CIK: 1051627
Web: www.axt.com
Phone: (510) 438-4700
Fax: 510-353-0668
Employees: 1,076
Year Founded: 1986

Price Target and Rating

Average Stock Price Target: $5.49
High Stock Price Target: $10.00
Low Stock Price Target: $3.70
Potential Upside/Downside: +165.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.31)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $15.81 million
Net Margins: -15.72%
Pretax Margin: -17.08%
Return on Equity: -5.53%
Return on Assets: -3.63%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.37
Quick Ratio: 1.09

Sales & Book Value

Annual Sales: $141.12 million
Price / Sales: 0.64
Cash Flow: $0.58 per share
Price / Cash Flow: 3.60
Book Value: $5.13 per share
Price / Book: 0.40

Miscellaneous

Outstanding Shares: 43,640,000
Free Float: 39,991,000
Market Cap: $90.33 million
Optionable: Optionable
Beta: 2.05

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Key Executives

Dr. Morris S. Young Ph.D. (Age 78)
Co-Founder, CEO & Chairman
Comp: $901.81k
Mr. Gary L. Fischer (Age 71)
CFO, VP & Corporate Secretary
Comp: $549.86k
Dr. Wei Gao
Chief Technical Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AXTI Stock Analysis - Frequently Asked Questions

Should I buy or sell AXT stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AXT in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AXTI shares.
View AXTI analyst ratings or view top-rated stocks.
What is AXT's stock price target for 2024?: 4 Wall Street analysts have issued 1 year price targets for AXT's shares. Their AXTI share price targets range from $3.70 to $10.00. On average, they anticipate the company's share price to reach $5.49 in the next year. This suggests a possible upside of 165.2% from the stock's current price.
View analysts price targets for AXTI or view top-rated stocks among Wall Street analysts.
How have AXTI shares performed in 2023?: AXT's stock was trading at $4.38 at the beginning of the year. Since then, AXTI shares have decreased by 52.7% and is now trading at $2.07.
View the best growth stocks for 2023 here.
Are investors shorting AXT?: AXT saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 340,900 shares, a drop of 20.4% from the October 31st total of 428,200 shares. Based on an average daily trading volume, of 178,300 shares, the short-interest ratio is presently 1.9 days. Currently, 0.8% of the shares of the company are short sold.
View AXT's Short Interest.
When is AXT's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our AXTI earnings forecast.

How were AXT's earnings last quarter?: AXT, Inc. (NASDAQ:AXTI) released its earnings results on Thursday, November, 2nd. The semiconductor company reported ($0.14) EPS for the quarter, hitting analysts' consensus estimates of ($0.14). The semiconductor company had revenue of $17.37 million for the quarter, compared to analyst estimates of $18.04 million. AXT had a negative trailing twelve-month return on equity of 5.53% and a negative net margin of 15.72%.
What other stocks do shareholders of AXT own?: Based on aggregate information from My MarketBeat watchlists, some companies that other AXT investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Editas Medicine (EDIT), Cisco Systems (CSCO), General Electric (GE), Block (SQ), OPKO Health (OPK) and Bank of America (BAC).
Who are AXT's major shareholders?: AXT's stock is owned by a number of institutional and retail investors. Top institutional investors include First Wilshire Securities Management Inc. (5.79%), Pacific Ridge Capital Partners LLC (2.82%), Kennedy Capital Management LLC (1.46%), White Pine Capital LLC (1.03%), GSA Capital Partners LLP (0.86%) and Walleye Capital LLC (0.48%). Insiders that own company stock include Gary L Fischer, Jesse Chen, Leonard J Leblanc, Morris S Young, Morris S Young and Russell Christine.
View institutional ownership trends.
How do I buy shares of AXT?: Shares of AXTI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:AXTI) was last updated on 11/30/2023 by MarketBeat.com Staff

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