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 April 19, 2024, AXTI stock price declined to $2.77 with 689,515 million shares trading.

AXTI has a beta of 2.31, meaning it tends to be more sensitive to market movements. AXTI has a correlation of 0.10 to the broad based SPY ETF.

AXTI has a market cap of $122.57 million. This is considered a Micro Cap stock.

Last quarter Axt reported $20 million in Revenue and -$.09 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.06.

In the last 3 years, AXTI stock traded as high as $12.35 and as low as $1.90.

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

AXTI has underperformed the market in the last year with a price return of -20.9% while the SPY ETF gained +21.2%. However, in the short term, AXTI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.5% vs +4.3% return in SPY. But in the last 2 weeks, AXTI shares have been beat by the market, returning -14.0% compared to an SPY return of -3.5%.

AXTI support price is $2.76 and resistance is $3.13 (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 stock will trade within this expected range on the day.