For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, AXT Inc’s stock clocked out at $2.77, down -5.78% from its previous closing price of $2.94. In other words, the price has decreased by -$5.78 from its previous closing price. On the day, 0.83 million shares were traded. AXTI stock price reached its highest trading level at $2.95 during the session, while it also had its lowest trading level at $2.75.
Ratios:
To gain a deeper understanding of AXTI’s stock, we examine 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 122567512 and an Enterprise Value of 205815248. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.59 while its Price-to-Book (P/B) ratio in mrq is 0.61. Its current Enterprise Value per Revenue stands at 2.715 whereas that against EBITDA is -16.02.
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 -28.54%, while the 200-Day Moving Average is calculated to be -1.43%.
Shares Statistics:
It appears that AXTI traded 2.55M shares on average per day over the past three months and 1074630 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 50.75% stake in the company. Shares short for AXTI as of 1711584000 were 1931917 with a Short Ratio of 0.76, compared to 1709164800 on 800953. Therefore, it implies a Short% of Shares Outstanding of 1931917 and a Short% of Float of 4.66.
Earnings Estimates
The firm’s stock currently is rated by Axalta Coating Systems Ltd. analysts. The consensus estimate for the next quarter is $50.56, with high estimates of $0.10 and low estimates of $10.04.
