AXTI Stock Summary and Trading Ideas (Axt | NASDAQ:AXTI)

AXT Inc 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. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.

Axt trades on the NASDAQ stock market under the symbol AXTI.

As of January 15, 2025, AXTI stock price climbed to $2.17 with 180,275 million shares trading.

AXTI has a beta of 3.18, meaning it tends to be more sensitive to market movements. AXTI has a correlation of 0.18 to the broad based SPY ETF.

AXTI has a market cap of $97.11 million. This is considered a Micro Cap stock.

Last quarter Axt reported $24 million in Revenue and -$.07 earnings per share. This fell short of revenue expectation by $-2 million and met earnings estimates .

In the last 3 years, AXTI traded as high as $9.94 and as low as $1.73.

The top ETF exchange traded funds that AXTI belongs to (by Net Assets): VTI, VXF, BSVO, IWC, DFAC.

AXTI has underperformed the market in the last year with a price return of -17.5% while the SPY ETF gained +25.6%. AXTI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -13.2% and 0.0%, respectively, while the SPY returned +1.6% and +1.0%, respectively.

AXTI support price is $1.96 and resistance is $2.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AXTI shares will trade within this expected range on the day.