The price of AXT Inc (NASDAQ: AXTI) closed at $4.26 in the last session, down -0.23% from day before closing price of $4.27. In other words, the price has decreased by -$0.0100 from its previous closing price. On the day, 1003166 shares were traded.
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Ratios:
We take a closer look at AXTI’s different ratios to gain a better understanding of the stock. 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 186.36M and an Enterprise Value of 205.27M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.45 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at 2.71 whereas that against EBITDA is -11.73.
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 2.7442, while the 200-Day Moving Average is calculated to be 2.6813.
Shares Statistics:
According to the various share statistics, AXTI traded on average about 2.09M shares per day over the past 3-months and 11.95M shares per day over the past 10 days. A total of 43.55M shares are outstanding, with a floating share count of 40.66M. Insiders hold about 6.83% of the company’s shares, while institutions hold 50.53% stake in the company. Shares short for AXTI as of Feb 15, 2024 were 357.03k with a Short Ratio of 0.17, compared to 328.39k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.82% and a Short% of Float of 0.87%.
Earnings Estimates
The company has 2 analysts who recommend its stock at the moment. 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
According to 4 analysts, the current quarter’s revenue is expected to be $20.95M. 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, 4 analysts are estimating revenue of $22.1M, an increase of 18.80% 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 4 analysts have provided revenue estimates for AXTI’s current fiscal year. The highest revenue estimate was $104.5M, while the lowest revenue estimate was $90M, resulting in an average revenue estimate of $94.01M. In the same quarter a year ago, actual revenue was $75.8M, up 24.00% 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 44.60% from the average revenue estimate for this year.
