AXT Inc (NASDAQ: AXTI) has reported E.P.S. of $-0.04 for its second fiscal quarter (ending June 30) versus $-0.12 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-0.32 versus $-0.03 for the same period a year ago.
Recent Price Action
AXT Inc (NASDAQ: AXTI) stock suffered a large decline of -9.6% on 8/1/24. The stock closed at $3.29. Moreover, exceptionally high trading volume at 217% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -4.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, AXTI is expected to be Value Creation neutral.
AXT has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. AXT has a neutral Appreciation Score of 47 but a very high Power Rating of 88, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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