The closing price of AXT Inc (NASDAQ: AXTI) was $4.95 for the day, down -8.33% from the previous closing price of $5.40. In other words, the price has decreased by -$0.4500 from its previous closing price. On the day, 942755 shares were traded.
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Ratios:
Our analysis of AXTI’s different ratios will help us gain a deeper understanding of the company. 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 219.03M and an Enterprise Value of 238.40M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.85 while its Price-to-Book (P/B) ratio in mrq is 1.09. Its current Enterprise Value per Revenue stands at 3.15 whereas that against EBITDA is -27.14.
Stock Price History:
Over the past 52 weeks, AXTI has reached a high of $5.64, while it has fallen to a 52-week low of $1.89. The 50-Day Moving Average of the stock is 3.4144, while the 200-Day Moving Average is calculated to be 2.7777.
Shares Statistics:
AXTI traded an average of 2.26M shares per day over the past three months and 984.56k shares per day over the past ten days. 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 0.35, 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%.
Earnings Estimates
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.09, while EPS last year was -$0.08. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.05 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.1 and -$0.33 for the fiscal current year, implying an average EPS of -$0.21. EPS for the following year is $0.17, with 2 analysts recommending between $0.38 and -$0.04.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $21M to a low estimate of $20.82M. As of the current estimate, AXT Inc’s year-ago sales were $19.41M, an estimated increase of 8.00% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $22M, an increase of 18.30% over than the figure of $8.00% in the same quarter last year. There is a high estimate of $23.8M for the next quarter, whereas the lowest estimate is $21M.
A total of 5 analysts have provided revenue estimates for AXTI’s current fiscal year. The highest revenue estimate was $104.5M, while the lowest revenue estimate was $88.3M, resulting in an average revenue estimate of $92.87M. In the same quarter a year ago, actual revenue was $75.8M, up 22.50% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $135.9M in the next fiscal year. The high estimate is $141.8M and the low estimate is $130M. The average revenue growth estimate for next year is up 46.30% from the average revenue estimate for this year.
