Somewhat Favorable Press Coverage Somewhat Unlikely to Affect AXT (AXTI) Share Price
News headlines about AXT (NASDAQ:AXTI) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. AXT earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 47.0100848468579 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
- In clash with Trump, U.S. report says humans cause climate change (feeds.reuters.com)
- Dougherty & Co Weighs in on AXT Inc’s Q4 2017 Earnings (AXTI) (americanbankingnews.com)
- Head to Head Contrast: AXT (AXTI) and Its Rivals (americanbankingnews.com)
- Dougherty & Co Analysts Boost Earnings Estimates for AXT Inc (AXTI) (americanbankingnews.com)
- AXT Inc (AXTI) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
Shares of AXT (AXTI) traded up $0.15 during trading on Monday, reaching $8.95. The company had a trading volume of 17,206 shares, compared to its average volume of 366,515. AXT has a fifty-two week low of $4.35 and a fifty-two week high of $9.70. The company has a market cap of $340.16, a PE ratio of 36.67, a P/E/G ratio of 1.93 and a beta of 1.13.
AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.02. AXT had a return on equity of 5.84% and a net margin of 9.96%. The business had revenue of $28.17 million for the quarter, compared to analysts’ expectations of $27.05 million. During the same period in the previous year, the business posted $0.07 EPS. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. sell-side analysts expect that AXT will post 0.26 EPS for the current year.
A number of equities research analysts have recently commented on AXTI shares. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of AXT in a research note on Sunday, September 17th. Zacks Investment Research upgraded AXT from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research note on Friday, September 15th. BidaskClub upgraded AXT from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. B. Riley restated a “hold” rating and issued a $8.50 price objective on shares of AXT in a research note on Tuesday, October 24th. Finally, BWS Financial boosted their price objective on AXT from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $9.95.
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AXT, Inc (AXT) is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. The Company is engaged in the design, development, manufacture and distribution of compound semiconductor substrates and sale of materials.
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