Over the past three months, AXT Inc. [AXTI] ended the trading day at $6.65 and exhibited a change of 8.48% with a 24 hour trading and reached upto the volume of 651.77K compared to its recorded trading volume of 1.28 million. AXTI generated a 1 year amount change with 105.02%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 2.68% with an amount shift of 22.60% over the last month.

On 8, October 2020, AXT, Inc. Schedules Third Quarter 2020 Earnings Release for October 28, 2020. According to news published on Yahoo Finance, AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the third quarter 2020 in a press release immediately following the close of market on October 28, 2020.

Analyst Birdseye View:

The most recent analyst activity for AXT Inc. [NASDAQ:AXTI] stock was on October 03, 2019, when it was Downgrade with a Neutral rating from Dougherty & Company. Before that, on October 06, 2020, B. Riley Securities Recapitulated a Neutral rating and elevated its amount target to $6.60. On October 26, 2017, Needham Reiterated a Buy rating and boosted its price target on this stock from $10 to $11. On July 27, 2017, BWS Financial Reiterated a Buy rating and increased its price target from $10 to $12. On April 27, 2017, Needham Reiterated a Buy rating and increased its price target to $9. On April 11, 2017, BWS Financial Initiated a Buy rating and boosted its amount on this stock to $10. On February 23, 2017, Needham Reiterated a Buy rating and boosted its target amount on this stock from $6.50 to $8.50. On February 13, 2017, Dougherty & Company Initiated a Buy rating and amplified its amount target to $8.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.85 and a peak of $6.74. Right now, the middling Wall Street analyst 12-month amount mark is $7.80. At the most recent market close, shares of AXT Inc. [NASDAQ:AXTI] were valued at $6.65. According to the average price forecast, investors can expect a potential return of -2.95%.

FUNDAMENTAL ANALYSIS

AXT Inc. [NASDAQ:AXTI] most recently reported quarterly sales of 22.13 billion, which represented growth of -10.90%. This publicly-traded organization’s revenue is $113,893 per employee, while its income is -$3,557 per employee. This company’s Gross Margin is currently 27.00%, its Operating Margin is -4.40%, its Pretax Margin is -1.23, and its Net Margin is -3.12. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -1.16, -1.37, -0.16 and -1.36 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 4.46 and the whole liability to whole assets at 3.92. It shows enduring liability to the whole principal at 1.37 and enduring liability to assets at 0.01 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 6.03 points at 1st support level, the second support level is making up to 5.92. But as of 1st resistance point, this stock is sitting at 6.27 and at 6.41 for 2nd resistance point.

AXT Inc. [AXTI] reported its earnings at $0.01 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.01/share signifying the difference of 0.02 and 200.00% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were -$0.01 calling estimates for -$0.05/share with the difference of 0.04 depicting the surprise of 80.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for AXT Inc. [NASDAQ:AXTI] is 3.90. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.32. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.06 and it’s amount to book ratio is 0.96.

Insider Stories

The most recent insider trade was by YOUNG MORRIS S, Chief Executive Officer, and it was the sale of 5000.0 shares on Oct 05. FISCHER GARY L, the VP, CFO & Corporate Secretary, completed a sale of 19900.0 shares on Oct 05. On Oct 02, FISCHER GARY L, VP, CFO & Corporate Secretary, completed a sale of 19970.0 shares.