AXT, Inc. (NASDAQ:AXTI – Get Free Report) has been given an average rating of “Buy” by the five research firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $5.30.
Several equities research analysts have recently issued reports on the stock. Northland Securities decreased their price objective on shares of AXT from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. StockNews.com downgraded AXT from a “hold” rating to a “sell” rating in a report on Monday, September 30th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price objective on shares of AXT in a report on Friday, November 1st.
Hedge Funds Weigh In On AXT
AXT Price Performance
AXTI stock opened at $2.18 on Friday. AXT has a 1 year low of $1.73 and a 1 year high of $5.64. The firm has a market capitalization of $97.56 million, a P/E ratio of -8.72 and a beta of 2.15. The business’s 50-day moving average is $2.23 and its two-hundred day moving average is $2.71.
AXT (NASDAQ:AXTI – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). AXT had a negative return on equity of 4.58% and a negative net margin of 10.73%. The firm had revenue of $23.65 million during the quarter, compared to analysts’ expectations of $25.98 million. During the same quarter in the prior year, the firm earned ($0.14) EPS. On average, analysts expect that AXT will post -0.22 EPS for the current year.
AXT Company Profile
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.
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