AXT (AXTI) Getting Somewhat Favorable News Coverage, Analysis Shows
News stories about AXT (NASDAQ:AXTI) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. AXT earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 46.0201777327429 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of research analysts have recently issued reports on the company. BidaskClub cut AXT from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Zacks Investment Research cut AXT from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective (up from $10.00) on shares of AXT in a research note on Thursday, October 26th. Finally, B. Riley raised their price objective on AXT from $8.50 to $8.75 and gave the company a “neutral” rating in a research note on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $9.90.
Shares of AXT (NASDAQ:AXTI) opened at $7.75 on Monday. The stock has a market capitalization of $301.41, a PE ratio of 32.29, a P/E/G ratio of 1.03 and a beta of 1.01. AXT has a 12 month low of $5.10 and a 12 month high of $10.75.
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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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