AXT Inc (NASDAQ:AXTI) shares, rose in value on Thursday, April 16, with the stock price up by 1.71% to the previous day’s close as strong demand from buyers drove the stock to $1.19.
Actively observing the price movement in the last trading, the stock closed the session at $1.17, falling within a range of $1.15 and $1.22. The value of beta (5-year monthly) was 2.365. Referring to stock’s 52-week performance, its high was $4.23, and the low was $1.13. On the whole, AXTI has fluctuated by -32.00% over the past month.
With the market capitalization of AXT Inc currently standing at about $54.26 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-19.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 104.72M, with a low estimate of 18.7M and a high estimate of 19.21M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 18.98M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AXTI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of AXTI currently trading nearly -14.66% and -26.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.79, while the 7-day volatility ratio is showing 8.11% which for the 30-day chart, stands at 9.29%. Furthermore, AXT Inc (AXTI)’s beta value is 1.97, and its average true range (ATR) is 0.13.
A comparison of AXT Inc (AXTI) with its peers suggests the former has fared considerably weaker in the market. AXTI showed an intraday change of 1.71% in last session, and over the past year, it shrunk by -60.86%%.
Data on historical trading for AXT Inc (NASDAQ:AXTI) indicates that the trading volumes over the past 10 days have averaged 0.4 and over the past 3 months, they’ve averaged 670.53K. According to company’s latest data on outstanding shares, there are 45.36 million shares outstanding.
Nearly 7.72% of AXT Inc’s shares belong to company insiders and institutional investors own 42.99% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.1 million shares as on 2025-03-31, resulting in a short ratio of 2.18. According to the data, the short interest in AXT Inc (AXTI) stood at 258.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 1.0 million. The stock has fallen by -45.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AXTI stock heading into the next quarter.
