Press coverage about AXT (NASDAQ:AXTI) has been trending somewhat positive on Wednesday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AXT earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 46.7357133015883 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- To Measure the collective investor psyche on AXT, Inc. (AXTI) – Wall Street Morning (wallstreetmorning.com)
- AXT, Inc. (AXTI)’s Stock Is Sell After Forming Bearish Wedge Down Chart Pattern – Thе Malibu Rеpоrt (malibureport.com)
- What’s in AXT, Inc. (AXTI) After Forming Wedge Down Chart Pattern? – Gоldmаn Blоg (blog) (goldmanblog.com)
- Time to Sell AXT, Inc. (AXTI) After The Completion of This Wedge Down? – The Louisville Oracle (louisvilleoracle.com)
- Zacks: Brokerages Anticipate AXT Inc (AXTI) Will Announce Quarterly Sales of $26.86 Million (americanbankingnews.com)
Several equities analysts recently weighed in on the stock. Dougherty & Co restated a “buy” rating on shares of AXT in a report on Thursday, February 22nd. BidaskClub upgraded shares of AXT from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Zacks Investment Research lowered shares of AXT from a “buy” rating to a “hold” rating in a report on Monday, January 1st. Finally, B. Riley cut their price objective on shares of AXT from $8.75 to $8.25 and set a “neutral” rating on the stock in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. AXT currently has a consensus rating of “Buy” and an average price target of $10.25.
AXT (NASDAQ:AXTI) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. AXT had a net margin of 10.28% and a return on equity of 5.81%. The firm had revenue of $26.33 million during the quarter, compared to the consensus estimate of $26.72 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 29.9% on a year-over-year basis. equities research analysts predict that AXT will post 0.4 earnings per share for the current year.
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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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