Evaluating the Ups and Downs of AXT Inc’s (AXTI) Stock

The stock of AXT Inc (AXTI) has seen a -18.43% decrease in the past week, with a -5.48% drop in the past month, and a 61.49% flourish in the past quarter. The volatility ratio for the week is 7.20%, and the volatility levels for the past 30 days are at 8.91% for AXTI. The simple moving average for the last 20 days is -16.36% for AXTI stock, with a simple moving average of 41.74% for the last 200 days.

Is It Worth Investing in AXT Inc (NASDAQ: AXTI) Right Now?

The 36-month beta value for AXTI is also noteworthy at 2.19. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”

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The public float for AXTI is 40.66M, and at present, short sellers hold a 4.35% of that float. The average trading volume of AXTI on April 04, 2024 was 2.29M shares.

AXTI) stock’s latest price update

The stock price of AXT Inc (NASDAQ: AXTI) has plunged by -19.42 when compared to previous closing price of 4.95, but the company has seen a -18.43% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-04 that Here is how AXT (AXTI) and D-Wave Quantum Inc. (QBTS) have performed compared to their sector so far this year.

Analysts’ Opinion of AXTI

Many brokerage firms have already submitted their reports for AXTI stocks, with Craig Hallum repeating the rating for AXTI by listing it as a “Buy.” The predicted price for AXTI in the upcoming period, according to Craig Hallum is $3.75 based on the research report published on February 23, 2024 of the current year 2024.

B. Riley Securities, on the other hand, stated in their research note that they expect to see AXTI reach a price target of $3.80, previously predicting the price at $2.40. The rating they have provided for AXTI stocks is “Buy” according to the report published on February 23rd, 2024.

Craig Hallum gave a rating of “Hold” to AXTI, setting the target price at $5.50 in the report published on February 17th of the previous year.

AXTI Trading at 7.51% from the 50-Day Moving Average

After a stumble in the market that brought AXTI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.28% of loss for the given period.

Volatility was left at 8.91%, however, over the last 30 days, the volatility rate increased by 7.20%, as shares sank -16.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.30% upper at present.

During the last 5 trading sessions, AXTI fell by -20.26%, which changed the moving average for the period of 200-days by +8.61% in comparison to the 20-day moving average, which settled at $4.73. In addition, AXT Inc saw 66.20% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for AXTI

Current profitability levels for the company are sitting at:

  • -0.28 for the present operating margin
  • 0.18 for the gross margin

The net margin for AXT Inc stands at -0.24. The total capital return value is set at -0.08. Equity return is now at value -8.40, with -4.91 for asset returns.

Based on AXT Inc (AXTI), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is -14.13.

Currently, EBITDA for the company is -12.85 million with net debt to EBITDA at -0.32. When we switch over and look at the enterprise to sales, we see a ratio of 2.37. The receivables turnover for the company is 3.94for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.09.

Conclusion

In summary, AXT Inc (AXTI) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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