AXT, Inc. (NASDAQ:AXTI – Get Free Report) has received a consensus recommendation of “Buy” from the four brokerages that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is $5.38.
Several analysts recently issued reports on AXTI shares. Wedbush reiterated an “outperform” rating and set a $6.00 price objective on shares of AXT in a report on Friday, May 3rd. Craig Hallum boosted their price objective on shares of AXT from $3.75 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. StockNews.com upgraded AXT from a “sell” rating to a “hold” rating in a research note on Monday. B. Riley increased their price target on shares of AXT from $3.80 to $5.50 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price objective on shares of AXT in a research report on Friday, May 3rd.
Get Our Latest Research Report on AXTI
Institutional Investors Weigh In On AXT
AXT Trading Up 2.4 %
Shares of AXT stock opened at $3.44 on Thursday. AXT has a 1 year low of $1.89 and a 1 year high of $5.64. The company has a market cap of $152.74 million, a P/E ratio of -8.60 and a beta of 2.29. The stock has a 50-day moving average price of $3.50 and a 200 day moving average price of $3.37.
AXT (NASDAQ:AXTI – Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. AXT had a negative net margin of 21.01% and a negative return on equity of 7.40%. The business had revenue of $22.69 million during the quarter, compared to analyst estimates of $21.00 million. During the same period in the prior year, the firm earned ($0.08) earnings per share. On average, equities analysts forecast that AXT will post -0.2 earnings per share for the current fiscal 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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