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The closing price of AXT Inc (NASDAQ: AXTI) was $3.86 for the day, down -1.78% from the previous closing price of $3.93. In other words, the price has decreased by -$1.78 from its previous closing price. On the day, 0.68 million shares were traded. AXTI stock price reached its highest trading level at $4.0 during the session, while it also had its lowest trading level at $3.795.
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 1.08 and its Current Ratio is at 2.27. In the meantime, Its Debt-to-Equity ratio is 0.25 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 170798048 and an Enterprise Value of 257267824. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.16 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 3.253 whereas that against EBITDA is -21.999.
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 -3.86%, while the 200-Day Moving Average is calculated to be 36.89%.
Shares Statistics:
AXTI traded an average of 2.88M shares per day over the past three months and 1857650 shares per day over the past ten days. A total of 44.24M shares are outstanding, with a floating share count of 41.23M. Insiders hold about 6.83% of the company’s shares, while institutions hold 49.60% stake in the company. Shares short for AXTI as of 1713139200 were 1726743 with a Short Ratio of 0.60, compared to 1710460800 on 1770048. Therefore, it implies a Short% of Shares Outstanding of 1726743 and a Short% of Float of 4.16.
