AXT (AXTI) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AXT in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AXTI shares.
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6 Wall Street analysts have issued 12-month target prices for AXT's shares. Their AXTI share price forecasts range from $3.70 to $12.00. On average, they predict the company's stock price to reach $6.58 in the next year. This suggests a possible upside of 183.4% from the stock's current price.
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AXT's stock was trading at $4.38 at the start of the year. Since then, AXTI stock has decreased by 47.0% and is now trading at $2.32.
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AXT saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 333,800 shares, a drop of 23.0% from the August 15th total of 433,300 shares. Based on an average daily volume of 437,300 shares, the short-interest ratio is currently 0.8 days. Currently, 0.8% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our AXTI earnings forecast.

AXT, Inc. (NASDAQ:AXTI) released its quarterly earnings data on Thursday, August, 3rd. The semiconductor company reported ($0.12) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.12). The semiconductor company had revenue of $18.60 million for the quarter, compared to analyst estimates of $20.26 million. AXT had a negative trailing twelve-month return on equity of 0.56% and a negative net margin of 1.34%.

AXT issued an update on its third quarter 2023 earnings guidance on Friday, August, 4th. The company provided EPS guidance of -$0.13--$0.11 for the period, compared to the consensus estimate of -$0.07. The company issued revenue guidance of $16.50 million-$19.50 million, compared to the consensus revenue estimate of $22.25 million.

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).

AXT trades on the NASDAQ under the ticker symbol "AXTI."

AXT's stock is owned by many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.05%), Granahan Investment Management LLC (2.95%), Royce & Associates LP (2.52%), BlackRock Inc. (1.67%), Kennedy Capital Management LLC (1.48%) and Portolan Capital Management LLC (1.17%). Insiders that own company stock include Gary L Fischer, Jesse Chen, Leonard J Leblanc, Morris S Young, Morris S Young and Russell Christine.
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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.
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One share of AXTI stock can currently be purchased for approximately $2.32.

AXT (NASDAQ:AXTI) has a market capitalization of $101.29 million and generates $141.12 million in revenue each year. The semiconductor company earns $15.81 million in net income (profit) each year or ($0.04) on an earnings per share basis.

The company employs 1,076 workers across the globe.

AXT's mailing address is 4281 Technology Drive, FREMONT CA, 94538. The official website for the company is www.axt.com. The semiconductor company can be reached via phone at (510) 438-4700, via email at mwang@axt.com, or via fax at 510-353-0668.