On 3/6/24, AXT Inc (NASDAQ: AXTI) stock enjoyed a major increase of 11.1%, closing at $4.69. However, exceptionally low trading volume at 49% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months and has declined -12.7% during the last week.
Current PriceTarget Research Rating
AXTI is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
AXT has a current Value Trend Rating of D (Negative). 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 44 but a poor Power Rating of 28, leading to the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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