AXT (AXTI) Projected to Post Quarterly Earnings on Thursday

AXT (NASDAQ:AXTI) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $23.94 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

AXT Price Performance

Shares of NASDAQ:AXTI opened at $2.23 on Wednesday. The business has a 50 day moving average price of $2.19 and a 200 day moving average price of $2.30. AXT has a twelve month low of $1.73 and a twelve month high of $5.64. The company has a market cap of $99.79 million, a price-to-earnings ratio of -8.92 and a beta of 2.08.

Wall Street Analyst Weigh In

A number of analysts have commented on AXTI shares. Wedbush reiterated an “outperform” rating and issued a $5.50 price objective on shares of AXT in a research report on Friday, February 7th. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price objective on shares of AXT in a research report on Friday, November 1st. Finally, Northland Securities cut their price objective on AXT from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.