AXT (NASDAQ:AXTI - Get Free Report) is anticipated to release its earnings data after the market closes on Thursday, February 20th. Analysts expect AXT to post earnings of ($0.04) per share and revenue of $23.94 million for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.
AXT Price Performance
Shares of AXTI stock traded up $0.11 on Friday, hitting $2.23. 320,687 shares of the stock traded hands, compared to its average volume of 253,449. The firm has a market cap of $99.79 million, a price-to-earnings ratio of -8.92 and a beta of 2.08. AXT has a 52 week low of $1.73 and a 52 week high of $5.64. The firm has a 50 day simple moving average of $2.19 and a two-hundred day simple moving average of $2.31.
Analyst Ratings Changes
Several brokerages have recently commented on AXTI. Wedbush restated an "outperform" rating and set a $5.50 price objective on shares of AXT in a research report on Friday, February 7th. Northland Securities decreased their price objective on shares of AXT from $6.00 to $5.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, Needham & Company LLC restated a "buy" rating and set a $5.00 price objective on shares of AXT in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $5.20.
Read Our Latest Report on AXT
About AXT
(
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AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.
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