AXT (NASDAQ:AXTI – Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $23.94 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
AXT Stock Performance
NASDAQ AXTI opened at $2.23 on Wednesday. The stock has a fifty day moving average of $2.19 and a 200-day moving average of $2.30. The stock has a market capitalization of $99.79 million, a P/E 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.
Analyst Ratings Changes
AXTI has been the subject of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and set a $5.50 price objective on shares of AXT in a research note on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price objective on shares of AXT in a research note on Friday, November 1st. Finally, Northland Securities decreased their price objective on AXT from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat, AXT presently has a consensus rating of “Moderate Buy” and an average price target of $5.20.
AXT Company Profile
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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