AXT Inc (NASDAQ: AXTI) closed the day trading at $4.83 down -0.41% from the previous closing price of $4.85. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 580268 shares were traded.
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Ratios:
For a better understanding of AXTI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 2.09. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Craig Hallum on February 23, 2024, Upgraded its rating to Buy and sets its target price to $3.75 from $2.25 previously.
On February 23, 2024, B. Riley Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $2.40 to $3.80.
Craig Hallum Downgraded its Buy to Hold on February 17, 2023, whereas the target price for the stock was revised from $7 to $5.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AXTI now has a Market Capitalization of 215.05M and an Enterprise Value of 234.42M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.78 while its Price-to-Book (P/B) ratio in mrq is 1.07. Its current Enterprise Value per Revenue stands at 3.09 whereas that against EBITDA is -26.69.
Stock Price History:
Over the past 52 weeks, AXTI has reached a high of $5.43, while it has fallen to a 52-week low of $1.89. The 50-Day Moving Average of the stock is 3.2156, while the 200-Day Moving Average is calculated to be 2.7455.
Shares Statistics:
Over the past 3-months, AXTI traded about 2.22M shares per day on average, while over the past 10 days, AXTI traded about 980.07k shares per day. A total of 44.24M shares are outstanding, with a floating share count of 40.66M. Insiders hold about 6.83% of the company’s shares, while institutions hold 50.56% stake in the company. Shares short for AXTI as of Feb 29, 2024 were 800.95k with a Short Ratio of 0.36, compared to 370.7k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.84% and a Short% of Float of 1.96%.
