AXTI has 36-month beta value of 2.28. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for AXTI is 41.35M, and currently, short sellers hold a 2.78% ratio of that float. The average trading volume of AXTI on July 26, 2024 was 559.42K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
AXTI) stock’s latest price update
AXT Inc (NASDAQ: AXTI)’s stock price has dropped by -4.91 in relation to previous closing price of 3.46. Nevertheless, the company has seen a loss of -6.00% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-21 that The stock has sold off in the last three days due to AXTI’s ties to China, but this could be an opportunity to take advantage of. AXTI is valued at much less than book value, which could become untenable if AXTI gets out of the red in 2025. AXTI is scheduled to release the Q2 report on August 1 and the conditions are there for a repeat of what happened twice before in 2024.
AXTI’s Market Performance
AXTI’s stock has fallen by -6.00% in the past week, with a monthly drop of -12.03% and a quarterly rise of 9.30%. The volatility ratio for the week is 6.27% while the volatility levels for the last 30 days are 5.83% for AXT Inc The simple moving average for the past 20 days is -6.67% for AXTI’s stock, with a 6.40% simple moving average for the past 200 days.
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 -7.24% 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 -41.67% of loss for the given period.
Volatility was left at 5.83%, however, over the last 30 days, the volatility rate increased by 6.27%, as shares sank -9.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.86% lower at present.
During the last 5 trading sessions, AXTI fell by -6.00%, which changed the moving average for the period of 200-days by +32.13% in comparison to the 20-day moving average, which settled at $3.51. In addition, AXT Inc saw 37.08% 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:
- -0.26 for the present operating margin
- 0.18 for the gross margin
The net margin for AXT Inc stands at -0.21. The total capital return value is set at -0.07. Equity return is now at value -7.89, with -4.64 for asset returns.
Based on AXT Inc (AXTI), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at -0.07. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is -13.85.
Currently, EBITDA for the company is -12.85 million with net debt to EBITDA at -0.77. When we switch over and look at the enterprise to sales, we see a ratio of 2.0. The receivables turnover for the company is 3.16for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.27.
Conclusion
To put it simply, AXT Inc (AXTI) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
