Axt Inc (NASDAQ:AXTI) shares traded -5.59% down during most recent session to reach at the closing price of $8.45. The stock exchanged hands 847653 shares versus average trading capacity of 454.85 Million shares, yielding a market cap of $328.62 Million. Wall Street analysts covering the stock are projecting that the stock will reach $11.04 within the next 52-weeks. The mean target projections are based on 6 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Axt Inc (NASDAQ:AXTI) high price target of $12.5 and with a conservative view have low price target of $8.75.
- Riley “Maintained” Axt Inc (NASDAQ:AXTI) in a research note issued to investors on 10/26/17 to Neutral with price target of $8.8.
Additionally on 4/11/17 BWS Financial “Initiates Coverage On” Axt Inc (NASDAQ:AXTI) to Buy setting price target at $10 and on 3/17/17 B. Riley “Downgrades” the stock to Neutral at $0. Furthermore on 2/13/17 Dougherty “Initiates Coverage On” the stock to Buy at $8.
On the other hand the company has Relative Strength Index (RSI 14) of 39.21 along with Average True Range (ATR 14) of 0.55, Consequently Axt Inc (NASDAQ:AXTI)’s weekly and monthly volatility is 7.38%, 5.72% respectively. The company’s beta value is at 1.12.
In terms of Buy, Sell or Hold recommendations, Axt Inc (NASDAQ:AXTI) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Axt Inc (NASDAQ:AXTI)’s minimum EPS for the current quarter is at $0.07 and can go high up to $0.09. The consensus mean EPS for the current quarter is at $0.08 derived from a total of 6 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.06 earnings per share for the same quarter during last year.
Previously Axt Inc (NASDAQ:AXTI) reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company posted an earnings surprise of 22.2%.
While considering growth estimates of the company, it has next quarter growth estimates of 350% whereas during current quarter it has 33.3% estimations over growth, comparing to the estimations of 44.4% during current year and 69.2% for next year. Past 5 years growth of Axt Inc (NASDAQ:AXTI) observed at -11.74%, looking forward for the next 5 years it has a strong prediction of 10% over growth.
Axt Inc (NASDAQ:AXTI)’s revenue estimates for the current quarter are $26.72 Million according to 6 number of analysts, for the current quarter the company has high revenue estimates of $27 Million in contradiction of low revenue estimates of $26.5 Million. For the current year the company’s revenue estimates are $99.05 Million compared to low analyst estimates of $98.8 Million and high estimates of $99.4 Million according to 6 number of analysts.
Currently Axt Inc (NASDAQ:AXTI)’s shares owned by insiders are 3.9%, whereas shares owned by institutional owners are 62.5%. However the six-month change in the insider ownership was recorded -15.31%, as well as three-month change in the institutional ownership was recorded -1.15%.
Axt Inc (NASDAQ:AXTI) 52-week high price stands at $10.75 and low price stands at $4.55, its price distance from 52-week high is -21.4% while its distance from 52-week low price is 85.71%. The stock hit its 52-week high on 11/20/17, and 52-week low on 12/08/16.
Axt Inc (NASDAQ:AXTI)’s trailing twelve month revenues are $92.6 Million, whereas its price to sales ratio for the same period is 3.55. Its book value per share for the most recent quarter is $4.49 while its price to book ratio for the same period is 1.88, as for as the company’s cash per share for the most recent quarter is $1.76, however its price to cash per share ratio for the same period is 4.79. The stock has 5 year expected PEG ratio of 3.54 whereas its trailing twelve month P/E ratio is 35.36.