Impact of Brokerage Rating on AXT Inc(AXTI)

Many AXT Inc(AXTI) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. AXT Inc was Initiated by Dougherty & Company on Feb 13, 2017 to Buy, Price Target of the shares are set at $8.

Company has reported several Insider transactions to the SEC, on Dec 1, 2016, Morris S Young (Chief Executive Officer) sold 11,410 shares at 5.07 per share price.On Dec 1, 2016, Robert G Ochrym (VP Business Development) sold 17,937 shares at 4.97 per share price.On Nov 23, 2016, Jesse Chen (director) sold 16,388 shares at 5.30 per share price.

AXT Inc Last issued its quarterly earnings results on Oct 26, 2016. The company reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.03. The company had revenue of $21.90 million for the quarter, compared to analysts expectations of $21.08 million. The companys revenue was up 19.2% compared to the same quarter last year.

AXT Inc (NASDAQ:AXTI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.4 by 5 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating.

AXT Inc (NASDAQ:AXTI): The mean short term price target for AXT Inc (NASDAQ:AXTI) has been established at $7.3 per share. The higher price target estimate is at $9 and the lower price target estimate is expected at $7 according to 5 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $0.89

AXT Inc (NASDAQ:AXTI) rose 2.99% or 0.2 points on Tuesday and made its way into the gainers of the day. After trading began at $6.8 the stock was seen hitting $7.05 as a peak level and $6.75 as the lowest level. The stock ended up at $6.9. The daily volume was measured at 947,030 shares. The 52-week high of the share price is $7.05 and the 52-week low is $2.43. The company has a market cap of $225 million.

AXT, Inc., designs, develops, manufactures and distributes high-performance compound semiconductor substrates, as well as opto-electronic semiconductor devices such as high-brightness light emitting devices, and vertical cavity surface emitting lasers.


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