At the time of writing, AXT Inc [AXTI] stock is trading at $2.46, up 20.59%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AXTI shares have gain 12.84% over the last week, with a monthly amount drifted -6.82%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
AXT Inc [NASDAQ: AXTI] stock has seen the most recent analyst activity on February 23, 2024, when Craig Hallum upgraded its rating to a Buy and also boosted its price target to $3.75 from $2.25. Previously, B. Riley Securities upgraded its rating to Buy on February 23, 2024, and elevated its price target to $3.80. On February 17, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $5.50 on the stock. Needham started tracking the stock assigning a Buy rating and suggested a price target of $8 on June 27, 2022. Wedbush initiated its recommendation with a Outperform and recommended $11 as its price target on November 04, 2021. B. Riley Securities downgraded its rating to Neutral for this stock on October 06, 2020, but kept the price target unchanged to $6.60. In a note dated October 03, 2019, Dougherty & Company downgraded an Neutral rating on this stock.
For the past year, the stock price of AXT Inc fluctuated between $1.89 and $5.64. Currently, Wall Street analysts expect the stock to reach $5.38 within the next 12 months. AXT Inc [NASDAQ: AXTI] shares were valued at $2.46 at the most recent close of the market. An investor can expect a potential return of 118.7% based on the average AXTI price forecast.
Analyzing the AXTI fundamentals
According to AXT Inc [NASDAQ:AXTI], the company’s sales were 88.41M for trailing twelve months, which represents an 50.16% jump. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.06 and Total Capital is -0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.
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 2.20 points at the first support level, and at 1.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.61, and for the 2nd resistance point, it is at 2.75.
Ratios To Look Out For
It is important to note that AXT Inc [NASDAQ:AXTI] has a current ratio of 2.24. As well, the Quick Ratio is 1.09, while the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 0.56.
