InvestorsObserver is giving AXT Inc (AXTI) an Analyst Rating Rank of 29, meaning AXTI is ranked higher by analysts than 29% of stocks. The average price target for AXTI is $15.5 and analyst’s rate the stock as a Buy.
Wall Street analysts are rating AXTI a Buy today. Find out what this means to you and get the rest of the rankings on AXTI!
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With AXT Inc Stock Today?
AXT Inc (AXTI) stock is lower by -16.2% while the S&P 500 has gained 0.64% as of 10:36 AM on Thursday, Oct 28. AXTI is lower by -$1.39 from the previous closing price of $8.58 on volume of 402,193 shares. Over the past year the S&P 500 has gained 40.04% while AXTI has gained 29.32%. AXTI earned $0.26 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.1.
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