This is What Makes AXT Inc. Stocks A Gamechanger?

As of right now, AXT Inc. [AXTI] is trading at $5.47, up 2.82%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AXTI shares have gain 7.89% over the last week, with a monthly amount glided 24.04%, and seem to be holding up well over a long-time horizon.

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On 27, October 2022, AXT, Inc. Announces Third Quarter 2022 Financial Results. In a post published today on Yahoo Finance, Gross Margin Continues to Expand.

From an analyst’s perspective:

AXT Inc. [NASDAQ: AXTI] stock has seen the most recent analyst activity on June 27, 2022, when Needham initiated its Buy rating and assigned the stock a price target of $8. Previously, Wedbush started tracking the stock with Outperform rating on November 04, 2021, and set its price target to $11. On October 06, 2020, downgrade downgraded it’s rating to Neutral but maintained its price target of $6.60 on the stock. Dougherty & Company downgraded its rating to a Neutral. Needham reiterated its recommendation of a Buy and raised its price target to $11 on October 26, 2017. BWS Financial reiterated a Buy rating for this stock on July 27, 2017, and upped its price target to $12. In a note dated April 27, 2017, Needham reiterated an Buy rating on this stock and boosted its target price from $8.50 to $9.

Through the last year, AXT Inc.’s stock price ranged from $4.17 to $9.94. Currently, Wall Street analysts expect the stock to reach $8.25 within the next 12 months. AXT Inc. [NASDAQ: AXTI] shares were valued at $5.47 at the most recent close of the market. An investor can expect a potential return of 50.82% based on the average AXTI price forecast.

Analyzing the AXTI fundamentals

For AXT Inc., (AXTI), the latest quarter sales were 35.18 billion, which represents an 1.70% increase. Gross Margin for this corporation currently stands at +34.51% with Operating Margin at +9.39%, Pretax Margin comes in at +12.81%, and Net Margin reading is +10.61%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.34 points at the first support level, and at 5.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.58, and for the 2nd resistance point, it is at 5.69.

AXT Inc. [AXTI] reported earnings per share of $0.13 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.09/share, meaning a difference of $0.04 and a surprise factor of 44.40%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.13 per share as compared to estimates of $0.08 per share, a difference of $0.05 representing a surprise of 62.50%.

Ratios To Look Out For

It is important to note that AXT Inc. [NASDAQ:AXTI] has a current ratio of 2.50. In addition, the Quick Ratio stands at 1.97 and the Cash Ratio stands at 0.88. Considering the valuation of this stock, the price to sales ratio is 2.74, the price to book ratio is 1.82 and the P/E (TTM) ratio is 13.54.

Transactions by insiders

In the past 3 months, 2 insiders have purchased 150,595 shares, and 0 have sold 0 shares. Recent insider trading involved CHRISTINE RUSSELL, Director, that happened on Aug 04 when 7500.0 shares were sold. VICE PRESIDENT, CFO & CORP SEC, FISCHER GARY L completed a deal on Aug 01 to sell 40000.0 shares. Meanwhile, VICE PRESIDENT, CFO & CORP SEC FISCHER GARY L sold 60000.0 shares on Jul 29.