Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
In the latest session, AXT Inc (NASDAQ: AXTI) closed at $1.96 down -11.31% from its previous closing price of $2.21. In other words, the price has decreased by -$11.31 from its previous closing price. On the day, 1.67 million shares were traded. AXTI stock price reached its highest trading level at $2.202 during the session, while it also had its lowest trading level at $1.93.
Ratios:
For a deeper understanding of AXT Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.04 and its Current Ratio is at 2.13. In the meantime, Its Debt-to-Equity ratio is 0.28 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 87711176 and an Enterprise Value of 184752720. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 1.951 whereas that against EBITDA is -58.54.
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 $1.73. The 50-Day Moving Average of the stock is -14.52%, while the 200-Day Moving Average is calculated to be -37.55%.
Shares Statistics:
For the past three months, AXTI has traded an average of 338.81K shares per day and 349980 over the past ten days. A total of 44.68M shares are outstanding, with a floating share count of 41.66M. Shares short for AXTI as of 1731628800 were 622115 with a Short Ratio of 1.84, compared to 1728950400 on 629432. Therefore, it implies a Short% of Shares Outstanding of 622115 and a Short% of Float of 1.48.
