News headlines about AXT (NASDAQ:AXTI) have trended somewhat positive on Wednesday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AXT earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 77 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Technical Focus on Shares of AXT Inc (AXTI) – Luxora Leader (luxoraleader.com)
- Taking a Deep Dive into Technical Levels for AXT Inc (AXTI) – FLBC News (flbcnews.com)
- AXT Inc (NASDAQ:AXTI) Experiences Lighter than Usual Trading Volume – First News 24 (firstnewspaper24.com)
- AXT Inc (NASDAQ:AXTI) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- AXT Inc (AXTI) Short Interest Up 272.5% in June (americanbankingnews.com)
Shares of AXT (NASDAQ AXTI) opened at 7.10 on Wednesday. The firm has a 50-day moving average of $6.64 and a 200-day moving average of $6.41. AXT has a 52-week low of $3.33 and a 52-week high of $8.65. The company has a market cap of $271.62 million, a P/E ratio of 38.17 and a beta of 1.01.
AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Wednesday, April 26th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. AXT had a net margin of 7.52% and a return on equity of 4.37%. The business had revenue of $20.60 million for the quarter, compared to analyst estimates of $18.45 million. The company’s revenue was up 10.2% compared to the same quarter last year. Equities research analysts forecast that AXT will post $0.19 earnings per share for the current year.
Several brokerages recently weighed in on AXTI. BidaskClub raised shares of AXT from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. B. Riley reissued a “neutral” rating and set a $7.00 price target on shares of AXT in a research report on Monday, May 1st. Zacks Investment Research raised shares of AXT from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research report on Tuesday, May 23rd. Dougherty & Co reissued a “buy” rating on shares of AXT in a research report on Saturday, June 17th. Finally, Needham & Company LLC raised their price target on shares of AXT from $8.50 to $9.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. AXT presently has an average rating of “Buy” and an average price target of $8.13.
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In other news, Director Leonard J. Leblanc sold 5,000 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $7.27, for a total value of $36,350.00. Following the sale, the director now owns 149,134 shares in the company, valued at $1,084,204.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert G. Ochrym sold 7,500 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $6.93, for a total transaction of $51,975.00. Following the completion of the sale, the vice president now owns 39,000 shares in the company, valued at approximately $270,270. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.
AXT, Inc (AXT) is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. The Company is engaged in the design, development, manufacture and distribution of compound semiconductor substrates and sale of materials.
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