Somewhat Favorable Press Coverage Somewhat Unlikely to Affect AXT (AXTI) Share Price
Media coverage about AXT (NASDAQ:AXTI) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AXT earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 45.3571219737809 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Stock to Buy: AXT, Inc. (AXTI) | Street Observer – Street Observer (press release) (streetobserver.com)
- $27.08 Million in Sales Expected for AXT Inc (AXTI) This Quarter (americanbankingnews.com)
- Tracking Technical Indicators on AXT, Inc. (AXTI) – Wall Street Morning (wallstreetmorning.com)
- Movers to Watch: AXT, Inc., (NASDAQ:AXTI), BioCryst Pharmaceuticals, Inc., (NASDAQ:BCRX) – Stocks In The News (press release) (tradingnewsnow.com)
- AXT (AXTI) and The Competition Head-To-Head Review (americanbankingnews.com)
Several research analysts have issued reports on the company. BidaskClub raised AXT from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Dougherty & Co reaffirmed a “buy” rating on shares of AXT in a report on Saturday, June 17th. Zacks Investment Research raised AXT from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a report on Friday, July 28th. BWS Financial upped their price objective on AXT from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of AXT in a report on Sunday, September 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $9.65.
AXT (NASDAQ:AXTI) traded down 0.53% on Thursday, hitting $9.35. The stock had a trading volume of 212,405 shares. The company’s 50 day moving average is $8.54 and its 200-day moving average is $7.26. AXT has a 1-year low of $4.35 and a 1-year high of $9.70. The firm has a market capitalization of $358.82 million, a price-to-earnings ratio of 46.75 and a beta of 1.16.
AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. AXT had a net margin of 8.15% and a return on equity of 4.61%. The firm had revenue of $23.56 million for the quarter, compared to analyst estimates of $22.55 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, analysts forecast that AXT will post $0.24 EPS for the current year.
In other news, CEO Morris S. Young sold 92,896 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $8.54, for a total transaction of $793,331.84. Following the completion of the sale, the chief executive officer now directly owns 1,213,200 shares of the company’s stock, valued at $10,360,728. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David C. Chang sold 9,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $8.80, for a total transaction of $79,200.00. Following the sale, the director now directly owns 164,807 shares of the company’s stock, valued at $1,450,301.60. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.
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.
Receive News & Stock Ratings for AXT Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AXT Inc and related stocks with our FREE daily email newsletter.