AXT Inc (AXTI) : Traders are bullish on AXT Inc (AXTI) as it has outperformed the S&P 500 by a wide margin of 22.43% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 13.85%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 14.46% in the last 1 week, and is up 19.95% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 11.02% and the 50-Day Moving Average is 21.85%.The 200 Day SMA reached 54.54% AXT Inc. is up 44.82% in the last 3-month period. Year-to-Date the stock performance stands at 91.53%.
AXT Inc (AXTI) : 4 Wall Street analysts covering AXT Inc (AXTI) believe that the average level the stock could reach for the short term is $4.95. The maximum price target given is $6 and the minimum target for short term is around $5, hence the standard deviation is calculated at $0.42.
For the current week, the company shares have a recommendation consensus of Buy. AXT Inc (NASDAQ:AXTI): The stock opened at $4.45 and touched an intraday high of $4.95 on Friday. During the day, the stock corrected to an intraday low of $4.38, however, the bulls stepped in and pushed the price higher to close in the green at $4.75 with a gain of 6.98% for the day. The total traded volume for the day was 1,446,441. The stock had closed at $4.75 in the previous trading session.
AXT, Inc. (AXT) is a developer and producer of compound and single element semiconductor substrates. Through its subsidiaries, the Company manufactures its semiconductor substrates using the vertical gradient freeze (VGF) technology. AXT manufactures its products in the Peoples Republic of China (PRC). The Companys compound substrates combine gallium with arsenic (GaAs) or combine indium with phosphorous (InP). Its single-element substrates are made from germanium (Ge). The Company designs, develops, manufactures and distributes high-performance semiconductor substrates also known as wafers. The Companys substrate products include, GaAs (semi-insulating), GaAs (semi-conducting), InP and Ge, which is used in Satellite and terrestrial solar cells and Optical applications.