Positive News Coverage Somewhat Unlikely to Affect AXT (AXTI) Stock Price
News articles about AXT (NASDAQ:AXTI) have been trending positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. AXT earned a news impact score of 0.29 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 47.3527325263194 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s rankings:
- FY2017 EPS Estimates for AXT Inc Decreased by BWS Financial (AXTI) (americanbankingnews.com)
- $26.75 Million in Sales Expected for AXT Inc (AXTI) This Quarter (americanbankingnews.com)
- AXT, Inc. (AXTI) PT Raised to $11 at Needham & Company Following Solid 3Q Beat – StreetInsider.com (streetinsider.com)
- ETFs with exposure to AXT, Inc. : October 26, 2017 (finance.yahoo.com)
- AXT : beats Street 3Q forecasts (4-traders.com)
Several equities research analysts have recently issued reports on the stock. B. Riley reiterated a “neutral” rating and issued a $7.00 price objective on shares of AXT in a research note on Friday, July 21st. Zacks Investment Research lowered shares of AXT from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Needham & Company LLC restated a “buy” rating and set a $11.00 price target (up from $10.00) on shares of AXT in a research report on Thursday, October 26th. BWS Financial boosted their price target on shares of AXT from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, BidaskClub upgraded shares of AXT from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $9.95.
AXT (NASDAQ:AXTI) opened at 9.125 on Tuesday. The firm has a 50 day moving average of $8.97 and a 200-day moving average of $7.58. AXT has a 52-week low of $4.35 and a 52-week high of $9.70. The stock has a market cap of $350.19 million, a PE ratio of 45.625 and a beta of 1.16.
AXT (NASDAQ:AXTI) last announced its earnings results on Wednesday, October 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $28.17 million for the quarter, compared to analyst estimates of $27.05 million. AXT had a net margin of 9.96% and a return on equity of 5.84%. The company’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. Equities analysts anticipate that AXT will post $0.26 earnings per share for the current fiscal year.
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AXT Company Profile
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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