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The closing price of AXT Inc (NASDAQ: AXTI) was $1.73 for the day, down -5.98% from the previous closing price of $1.84. In other words, the price has decreased by -$5.98 from its previous closing price. On the day, 0.56 million shares were traded. AXTI stock price reached its highest trading level at $1.88 during the session, while it also had its lowest trading level at $1.73.
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 1.04 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 77418536 and an Enterprise Value of 174826608. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79 while its Price-to-Book (P/B) ratio in mrq is 0.39. Its current Enterprise Value per Revenue stands at 1.846 whereas that against EBITDA is -55.395.
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 $1.82. The 50-Day Moving Average of the stock is -25.99%, while the 200-Day Moving Average is calculated to be -45.25%.
Shares Statistics:
AXTI traded an average of 314.66K shares per day over the past three months and 402040 shares per day over the past ten days. A total of 44.24M shares are outstanding, with a floating share count of 41.66M. Insiders hold about 6.91% of the company’s shares, while institutions hold 48.59% stake in the company. Shares short for AXTI as of 1730332800 were 620050 with a Short Ratio of 1.97, compared to 1727654400 on 665426. Therefore, it implies a Short% of Shares Outstanding of 620050 and a Short% of Float of 1.49.
