AXT (NASDAQ:AXTI) Releases Earnings Results

by · The Markets Daily

AXT (NASDAQ:AXTI – Get Free Report) posted its quarterly earnings results on Thursday. The semiconductor company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01), Zacks reports. AXT had a negative net margin of 14.75% and a negative return on equity of 5.87%. The company had revenue of $23.65 million for the quarter, compared to analysts’ expectations of $25.98 million. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. AXT updated its Q4 2024 guidance to -0.050–0.030 EPS.

AXT Price Performance

Shares of AXTI stock traded down $0.47 during trading on Friday, reaching $2.11. The company had a trading volume of 1,412,901 shares, compared to its average volume of 1,042,242. The company has a market capitalization of $93.86 million, a PE ratio of -6.59 and a beta of 2.23. The firm’s 50 day simple moving average is $2.46 and its two-hundred day simple moving average is $3.01. AXT has a one year low of $1.89 and a one year high of $5.64.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Northland Securities reduced their price objective on AXT from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price target on shares of AXT in a research note on Friday. StockNews.com downgraded AXT from a “hold” rating to a “sell” rating in a report on Monday, September 30th. Finally, Wedbush reiterated an “outperform” rating and issued a $6.00 target price on shares of AXT in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, AXT has a consensus rating of “Moderate Buy” and a consensus target price of $5.30.

Get Our Latest Stock Analysis on AXTI

About AXT

(Get Free Report)

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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