AXT (AXTI) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AXT in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AXTI shares.
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5 Wall Street analysts have issued twelve-month price targets for AXT's shares. Their AXTI share price forecasts range from $3.70 to $12.00. On average, they anticipate the company's share price to reach $6.49 in the next twelve months. This suggests a possible upside of 73.5% 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 shares have decreased by 14.6% and is now trading at $3.74.
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AXT saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,400,000 shares, an increase of 18.6% from the April 30th total of 1,180,000 shares. Based on an average daily trading volume, of 263,000 shares, the short-interest ratio is presently 5.3 days. Approximately 3.5% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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AXT, Inc. (NASDAQ:AXTI) released its quarterly earnings data on Tuesday, October, 26th. The semiconductor company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.11 by $0.02. The semiconductor company earned $34.58 million during the quarter, compared to analysts' expectations of $35.10 million. AXT had a net margin of 7.69% and a trailing twelve-month return on equity of 3.90%. During the same period in the previous year, the firm posted $0.02 EPS.

ETFs with the largest weight of AXT (NASDAQ:AXTI) stock in their portfolio include Invesco Nasdaq Future Gen 200 ETF (QQQS) and First Trust Dow Jones Select Microcap Index Fund (FDM) and

AXT updated its second quarter 2023 earnings guidance on Friday, April, 28th. The company provided earnings per share guidance of -$0.12--$0.10 for the period, compared to the consensus earnings per share estimate of -$0.10. The company issued revenue guidance of $19.00 million-$21.00 million, compared to the consensus revenue estimate of $21.77 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 a variety of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.84%), BlackRock Inc. (6.19%), Granahan Investment Management LLC (3.58%), Royce & Associates LP (2.85%), First Wilshire Securities Management Inc. (2.39%) and Geode Capital Management LLC (1.83%). 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 $3.74.

AXT (NASDAQ:AXTI) has a market capitalization of $163.03 million and generates $141.12 million in revenue each year. The semiconductor company earns $15.81 million in net income (profit) each year or $0.21 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.