AXT Inc (NASDAQ: AXTI) has seen a rise in its stock price by 6.40 in relation to its previous close of 2.50. However, the company has experienced a 9.47% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-10-02 that FREMONT, Calif.–(BUSINESS WIRE)–AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the third quarter 2024 in a press release immediately following the close of market on Oct. 31, 2024. The company will also host a conference call to discuss these results on Oct. 31, 2024 at 1:30 p.m. PT. The conference call can be accessed at (800) 715-9871 (passcode 4378083). The call will also be simulcast at www.axt.com. Replays.
Is It Worth Investing in AXT Inc (NASDAQ: AXTI) Right Now?
The 36-month beta value for AXTI is at 2.23. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for AXTI is 41.59M, and currently, shorts hold a 1.60% of that float. The average trading volume for AXTI on October 11, 2024 was 295.03K shares.
AXTI’s Market Performance
AXTI’s stock has seen a 9.47% increase for the week, with a 12.71% rise in the past month and a -29.07% fall in the past quarter. The volatility ratio for the week is 8.10%, and the volatility levels for the past 30 days are at 7.41% for AXT Inc The simple moving average for the last 20 days is 14.07% for AXTI stock, with a simple moving average of -16.62% for the last 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 7.50% 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 -52.84% of loss for the given period.
Volatility was left at 7.41%, however, over the last 30 days, the volatility rate increased by 8.10%, as shares surge +16.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.92% lower at present.
During the last 5 trading sessions, AXTI rose by +9.47%, which changed the moving average for the period of 200-days by +7.26% in comparison to the 20-day moving average, which settled at $2.33. In addition, AXT Inc saw 10.83% 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:
- -0.18 for the present operating margin
- 0.23 for the gross margin
The net margin for AXT Inc stands at -0.15. The total capital return value is set at -0.06. Equity return is now at value -6.37, with -3.75 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 -0.14. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is -11.12.
Currently, EBITDA for the company is -12.85 million with net debt to EBITDA at -1.13. When we switch over and look at the enterprise to sales, we see a ratio of 1.47. The receivables turnover for the company is 3.25for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.24.
Conclusion
In conclusion, AXT Inc (AXTI) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
