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NASDAQ:AXTI

AXT (AXTI) Stock Price, News & Analysis

$2.10
-0.08 (-3.67%)
(As of 09/20/2024 ET)

About AXT Stock (NASDAQ:AXTI)

Key Stats

Today's Range
$2.08
$2.21
50-Day Range
$2.11
$3.93
52-Week Range
$1.89
$5.64
Volume
311,504 shs
Average Volume
1.15 million shs
Market Capitalization
$93.24 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.38
Consensus Rating
Buy

Company Overview

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, 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 LEDs, screen displays using micro-LEDs, 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.

AXT Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 70th Percentile

AXT scored higher than 70% of companies evaluated by MarketBeat, and ranked 299th out of 666 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    AXT has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    AXT has only been the subject of 2 research reports in the past 90 days.

  • Read more about AXT's stock forecast and price target.
  • Earnings Growth

    Earnings for AXT are expected to grow in the coming year, from ($0.19) to $0.08 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of AXT is -5.25, 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 -5.25, 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 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about AXT's valuation and earnings.
  • Percentage of Shares Shorted

    2.11% 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 3.3, 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 9.24%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    AXT does not currently pay a dividend.

  • Dividend Growth

    AXT does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.11% 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 3.3, 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 9.24%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    AXT has a news sentiment score of 1.16. 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 0.48 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for AXT this week, compared to 4 articles on an average week.
  • Search Interest

    Only 2 people have searched for AXTI on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added AXT to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • 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 8.39% of the stock of AXT is held by insiders.

  • Percentage Held by Institutions

    49.52% of the stock of AXT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about AXT's insider trading history.
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AXTI Stock News Headlines

Short Interest in AXT, Inc. (NASDAQ:AXTI) Decreases By 9.2%
“Buffett Indicator” Predicts 62% Stock Market Crash
The last time the "Buffett Indicator" flashed this red was in 2000 - right before the market crashed 50%.
7 Chip Stocks to Ride the 2024 AI Wave
See More Headlines

AXTI Stock Analysis - Frequently Asked Questions

AXT's stock was trading at $2.40 at the start of the year. Since then, AXTI stock has decreased by 12.5% and is now trading at $2.10.
View the best growth stocks for 2024 here
.

AXT, Inc. (NASDAQ:AXTI) posted its quarterly earnings data on Thursday, August, 1st. The semiconductor company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. The semiconductor company had revenue of $27.92 million for the quarter, compared to analyst estimates of $26.50 million. AXT had a negative trailing twelve-month return on equity of 5.87% and a negative net margin of 14.75%.

AXT's top institutional investors include Systematic Financial Management LP (2.95%), Dimensional Fund Advisors LP (2.94%), Pacific Ridge Capital Partners LLC (2.51%) and Renaissance Technologies LLC (0.85%). Insiders that own company stock include Gary L Fischer and Jesse Chen.
View institutional ownership trends
.

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

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

Company Calendar

Last Earnings
8/01/2024
Today
9/20/2024
Next Earnings (Estimated)
11/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductor Equipment
Current Symbol
NASDAQ:AXTI
CUSIP
00246W10
Employees
1,400
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$5.38
High Stock Price Target
$6.00
Low Stock Price Target
$5.00
Potential Upside/Downside
+147.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-17,880,000.00
Pretax Margin
-14.56%

Debt

Sales & Book Value

Annual Sales
$88.41 million
Book Value
$5.13 per share

Miscellaneous

Free Float
40,674,000
Market Cap
$96.35 million
Optionable
Optionable
Beta
2.23

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This page (NASDAQ:AXTI) was last updated on 9/20/2024 by MarketBeat.com Staff
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