AXT (AXTI) Expected to Announce Earnings on Thursday

AXT (NASDAQ:AXTI) is expected to be releasing its earnings data after the market closes on Thursday, February 20th. Analysts expect AXT to post earnings of ($0.04) per share and revenue of $23.94 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

AXT Price Performance

Shares of AXTI stock opened at $2.05 on Thursday. AXT has a 1-year low of $1.73 and a 1-year high of $5.64. The stock’s 50-day moving average is $2.18 and its 200 day moving average is $2.33. The company has a market cap of $91.74 million, a P/E ratio of -8.20 and a beta of 2.08.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Northland Securities reduced their price objective on AXT from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Wedbush restated an “outperform” rating and issued a $5.50 price objective on shares of AXT in a research note on Friday, February 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $5.00 price objective on shares of AXT in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.20.

About AXT

AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.