AXTI - AXT Inc Stock Price, Fair Value and News

3.29USD-0.14 (-4.08%)Market Closed

Market Summary

USD3.29-0.14

Market Closed

-4.08%

AXTI Stock Price

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AXTI RSI Chart

AXTI Valuation

Market Cap

146.1M

Price/Earnings (Trailing)

-8.79

Price/Sales (Trailing)

1.85

EV/EBITDA

-12.55

Price/Free Cashflow

-9.66

AXTI Price/Sales (Trailing)

AXTI Profitability

Operating Margin

18.09%

EBT Margin

-21.82%

Return on Equity

-7.4%

Return on Assets

-4.76%

Free Cashflow Yield

-10.35%

AXTI Fundamentals

AXTI Revenue

Revenue (TTM)

79.1M

Rev. Growth (Yr)

16.92%

Rev. Growth (Qtr)

11.06%

AXTI Earnings

Earnings (TTM)

-16.6M

Earnings Growth (Yr)

37.78%

Earnings Growth (Qtr)

42.47%

Breaking Down AXTI Revenue

Last 7 days

-8.9%

Last 30 days

13.1%

Last 90 days

37.1%

Trailing 12 Months

-4.1%

How does AXTI drawdown profile look like?

AXTI Financial Health

Current Ratio

2.27

AXTI Investor Care

Shares Dilution (1Y)

1.86%

Diluted EPS (TTM)

-0.4

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	79.1M	0	0	0
2023	120.9M	100.0M	82.2M	75.8M
2022	145.7M	151.4M	152.1M	141.1M
2021	106.0M	117.6M	126.7M	137.4M
2020	83.8M	81.1M	86.7M	95.4M
2019	98.2M	95.9M	87.1M	83.3M
2018	102.5M	106.0M	106.5M	102.4M
2017	83.3M	86.3M	92.6M	98.7M
2016	76.2M	75.6M	79.1M	81.3M
2015	84.2M	83.8M	79.0M	77.5M
2014	81.3M	79.9M	82.5M	83.5M
2013	87.3M	84.9M	84.7M	84.3M
2012	103.0M	98.2M	90.7M	88.4M
2011	101.4M	108.3M	109.8M	104.1M
2010	0	68.7M	82.1M	95.5M
2009	0	0	0	55.4M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

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Tracking the Latest Insider Buys and Sells of AXT Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Nov 10, 2023	fischer gary l	acquired	-	-	38,800	vice president, cfo & corp sec
Nov 10, 2023	young morris s	acquired	-	-	111,795	chairman and ceo
May 19, 2023	young morris s	gifted	-	-	-108,112	chairman and ceo
May 18, 2023	chang david c	acquired	-	-	23,323	-
May 18, 2023	christine russell	acquired	-	-	23,323	-
May 18, 2023	chen jesse	acquired	-	-	23,323	-
May 15, 2023	young morris s	gifted	-	-	108,112	chairman and ceo
May 15, 2023	young morris s	gifted	-	-	-108,112	chairman and ceo
Feb 28, 2023	chen jesse	sold	-33,375	4.45	-7,500	-
Jan 03, 2023	leblanc leonard j	acquired	-	-	18,306	-

Which funds bought or sold AXTI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	Clear Point Advisors Inc.	sold off	-100	-307	-	-%
May 16, 2024	JANE STREET GROUP, LLC	added	404	564,943	630,295	-%
May 16, 2024	Ancora Advisors LLC	unchanged	-	199,319	417,750	0.01%
May 16, 2024	COMERICA BANK	unchanged	-	281	588	-%
May 15, 2024	D. E. Shaw & Co., Inc.	added	31.4	1,850,820	3,074,060	-%
May 15, 2024	Man Group plc	new	-	572,570	572,570	-%
May 15, 2024	MORGAN STANLEY	added	204	1,708,790	2,063,030	-%
May 15, 2024	KENNEDY CAPITAL MANAGEMENT LLC	added	9.19	1,448,700	2,779,900	0.06%
May 15, 2024	JACOBS LEVY EQUITY MANAGEMENT, INC	sold off	-100	-104,062	-	-%
May 15, 2024	STATE STREET CORP	unchanged	-	314,517	659,193	-%

Are Funds Buying or Selling AXTI?

Are funds buying AXTI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own AXTI

No. of Funds

Unveiling AXT Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.21%	2,275,457	SC 13G
Feb 12, 2024	first wilshire securities management inc	7.6%	3,306,715	SC 13G
Feb 09, 2024	dimensional fund advisors lp	4.6%	2,017,064	SC 13G/A
Jul 07, 2023	blackrock inc.	1.7%	727,015	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	7.3%	3,173,175	SC 13G/A
Feb 01, 2023	blackrock inc.	6.2%	2,689,265	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	7.0%	3,007,836	SC 13G/A
Feb 01, 2022	blackrock inc.	6.4%	2,722,343	SC 13G/A
Feb 12, 2021	dimensional fund advisors lp	7.8%	3,228,665	SC 13G/A
Jan 29, 2021	blackrock inc.	6.8%	2,825,523	SC 13G/A

Recent SEC filings of AXT Inc

View All Filings

Date Filed	Form Type	Document
May 10, 2024	10-Q	Quarterly Report
May 02, 2024	8-K	Current Report
Apr 08, 2024	8-K	Current Report
Apr 05, 2024	DEFA14A	DEFA14A
Apr 05, 2024	DEF 14A	DEF 14A
Apr 05, 2024	ARS	ARS
Mar 15, 2024	10-K	Annual Report
Feb 22, 2024	8-K	Current Report
Feb 13, 2024	SC 13G	Major Ownership Report
Feb 12, 2024	SC 13G	Major Ownership Report

Peers (Alternatives to AXT Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NVDA	2.3T	60.9B	10.07%	191.98%	77.7	37.96	125.85%	581.31%
AMD	265.8B	22.8B	6.78%	52.38%	238.19	11.66	-1.16%	182.53%
AMAT	176.3B	26.5B	6.15%	63.32%	24.63	6.66	0.88%	10.98%
INTC	135.5B	55.2B	-10.79%	7.24%	33.33	2.45	-2.09%	242.32%
ADI	106.2B	11.6B	13.06%	11.40%	37.72	9.18	-8.03%	-17.90%
MID-CAP
AMKR	8.0B	6.4B	8.57%	42.27%	21.55	1.26	-8.17%	-41.71%
CRUS	5.9B	1.8B	29.10%	38.79%	33.72	3.32	-11.16%	-46.12%
ACLS	3.7B	1.1B	11.41%	-21.58%	14.74	3.27	16.34%	32.25%
DIOD	3.4B	1.5B	9.17%	-21.86%	19.88	2.26	-24.64%	-48.42%
AMBA	2.0B	226.5M	12.25%	-31.97%	-11.85	8.86	-32.92%	-159.10%
SMALL-CAP
ACMR	1.5B	635.7M	-14.73%	144.10%	16.67	2.3	51.02%	67.91%
AOSL	780.7M	657.5M	31.66%	1.34%	-82.59	1.19	-9.15%	-119.91%
AEHR	329.3M	71.9M	2.15%	-64.28%	21.38	4.58	14.14%	8.17%
ATOM	119.4M	550.0K	-21.28%	-51.16%	-6.09	217.05	43.98%	-6.63%
ASYS	75.7M	108.8M	12.21%	-40.21%	-3.53	0.7	1.54%	-244.16%

AXT Inc News

Latest updates

AXT Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	11.1%	22,688	20,429	17,366	18,595	19,405	26,795	35,183	39,487	39,653	37,732	34,576	33,735	31,350	27,035	25,469	22,134	20,723	18,410	19,841	24,797	20,208
Cost Of Revenue	5.0%	16,594	15,802	15,500	16,880	14,295	18,199	20,401	24,052	26,345	25,593	23,075	21,497	19,814	17,873	16,646	15,366	15,201	14,545	14,082	16,291	13,513
Gross Profit	31.7%	6,094	4,627	1,866	1,715	5,110	8,596	14,782	15,435	13,308	12,139	11,501	12,238	11,536	9,162	8,823	6,768	5,522	3,865	5,759	8,506	6,695
Operating Expenses	15.3%	9,441	8,187	8,593	8,560	9,547	9,597	10,215	10,146	9,609	9,105	9,105	8,332	7,975	7,243	6,646	6,290	6,156	6,665	6,237	6,168	6,069
S&GA Expenses	16.0%	6,227	5,367	5,667	5,820	5,952	5,935	6,576	6,693	6,450	6,348	6,476	5,795	5,570	5,081	4,623	4,747	4,749	5,058	4,755	4,769	4,723
R&D Expenses	14.0%	3,214	2,820	2,926	2,740	3,595	3,662	3,639	3,453	3,159	2,757	2,629	2,537	2,405	2,162	2,023	1,543	1,407	1,607	1,482	1,399	1,346
EBITDA Margin	21.1%	-0.11*	-0.14*	-0.07*	0.08*	0.17*	0.21*	0.20*	0.18*	0.17*	0.18*	0.18*	0.17*	-	-	-	-	-	-	-	-	-
Income Taxes	8.7%	274	252	-101	-139	148	-3.00	501	1,027	660	-411	-135	893	746	108	637	920	366	-214	23.00	597	156
Earnings Before Taxes	48.9%	-1,774	-3,474	-6,516	-5,492	-3,518	1,492	7,231	7,572	4,632	3,222	4,361	5,508	4,511	2,492	2,118	1,879	583	-1,996	-472	2,335	-867
EBT Margin	12.9%	-0.22*	-0.25*	-0.17*	0.00*	0.11*	0.15*	0.15*	0.13*	0.12*	0.13*	0.13*	0.12*	-	-	-	-	-	-	-	-	-
Net Income	42.5%	-2,083	-3,621	-5,823	-5,089	-3,348	1,341	5,759	5,546	3,165	2,965	3,800	4,385	3,425	2,064	991	361	-178	-2,049	-898	1,451	-1,104
Net Income Margin	10.9%	-0.21*	-0.24*	-0.16*	-0.01*	0.08*	0.11*	0.11*	0.10*	0.10*	0.11*	0.11*	0.09*	-	-	-	-	-	-	-	-	-
Free Cashflow	-719.0%	-13,198	2,132	-5,178	1,124	-5,150	836	-22,749	-117	-15,200	-3,118	-6,230	-9,517	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-2.7%	349	359	342	346	367	370	362	361	338	332	316	309	302	299	233	226	223	223	218	214	215
Current Assets	-4.1%	164	171	160	165	177	184	181	177	160	160	160	164	163	165	109	111	111	113	109	112	118
Cash Equivalents	4.9%	40.00	38.00	29.00	30.00	35.00	35.00	37.00	45.00	29.00	37.00	44.00	53.00	61.00	73.00	22.00	27.00	20.00	27.00	28.00	29.00	21.00
Inventory	-0.6%	86.00	87.00	86.00	87.00	92.00	90.00	88.00	77.00	69.00	66.00	61.00	59.00	55.00	52.00	48.00	50.00	48.00	49.00	49.00	50.00	53.00
Net PPE	-1.9%	163	166	159	159	163	161	153	153	147	142	132	127	120	116	108	101	97.00	97.00	90.00	88.00	85.00
Liabilities	-6.3%	84.00	90.00	74.00	72.00	78.00	80.00	76.00	75.00	51.00	52.00	42.00	42.00	43.00	43.00	31.00	32.00	30.00	31.00	26.00	18.00	19.00
Current Liabilities	-11.7%	72.00	82.00	68.00	67.00	73.00	75.00	73.00	71.00	47.00	48.00	37.00	38.00	39.00	39.00	26.00	28.00	26.00	28.00	23.00	17.00	17.00
Shareholder's Equity	10.1%	225	204	204	233	243	222	240	238	237	230	224	217	210	208	202	194	192	193	191	196	196
Retained Earnings	-6.5%	-34.12	-32.04	-28.42	-22.60	-17.51	-14.16	-15.50	-21.26	-26.80	-29.97	-32.93	-36.73	-41.12	-44.54	-46.61	-47.60	-47.96	-47.78	-45.73	-44.84	-46.29
Additional Paid-In Capital	0.3%	239	238	238	237	236	235	235	233	232	232	231	228	230	230	240	239	238	237	236	236	235
Shares Outstanding	1.9%	44.00	44.00	44.00	44.00	44.00	44.00	42.00	42.00	42.00	41.00	41.00	41.00	-	-	-	-	-	-	-	-	-
Minority Interest	-0.3%	23.00	23.00	23.00	23.00	23.00	23.00	23.00	22.00	21.00	18.00	18.00	17.00	15.00	15.00	6.00	6.00	5.00	5.00	5.00	4.00	4.00
Float	-	-	-	-	117	-	-	-	195	-	-	-	351	-	-	-	144	-	-	-	109	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-716.2%	-8,806	1,429	-792	4,300	-1,534	536	-14,838	14,443	-8,906	7,432	-168	-2,260	-8,309	-459	4,341	8,087	-6,104	5,321	1,390	8,810	-2,863
Share Based Compensation	-1.6%	809	822	891	912	915	745	1,036	1,137	1,088	1,089	1,639	975	816	691	648	641	643	637	583	568	558
Cashflow From Investing	-274.5%	-3,912	2,242	-1,784	-2,349	-713	302	-7,151	-12,080	-6,294	-13,264	-12,753	-7,257	-5,536	-6,322	-7,096	-1,585	-1,419	-6,622	-7,606	-991	6,891
Cashflow From Financing	-68.6%	2,000	6,371	573	-4,104	5,773	2,756	13,235	14,121	7,919	-1,354	3,857	608	2,614	53,639	-1,796	-13.00	832	55.00	5,795	-30.00	366

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AXTI Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue	$ 22,688	$ 19,405
Cost of revenue	16,594	14,295
Gross profit	6,094	5,110
Operating expenses:
Selling, general and administrative	6,227	5,952
Research and development	3,214	3,595
Total operating expenses	9,441	9,547
Loss from operations	(3,347)	(4,437)
Interest expense, net	(349)	(397)
Equity in income of unconsolidated joint ventures	890	1,034
Other income, net	1,032	282
Loss before provision for income taxes	(1,774)	(3,518)
Provision for income taxes	274	148
Net loss	(2,048)	(3,666)
Less: Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests	(35)	318
Net loss attributable to AXT, Inc.	$ (2,083)	$ (3,348)
Net loss attributable to AXT, Inc. per common share:
Basic	$ (0.05)	$ (0.08)
Diluted	$ (0.05)	$ (0.08)
Weighted-average number of common shares outstanding:
Basic	42,987	42,498
Diluted	42,987	42,498

AXTI Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash	$ 25,793,000	$ 37,752,000
Restricted cash	13,807,000	12,362,000
Short-term investments	1,667,000	2,140,000
Accounts receivable, net of allowances for credit losses of $579 and $579 as of March 31, 2024 and December 31, 2023	25,058,000	19,256,000
Inventories	85,943,000	86,503,000
Prepaid expenses and other current assets	11,474,000	12,643,000
Total current assets	163,742,000	170,656,000
Property, plant and equipment, net	163,122,000	166,348,000
Operating lease right-of-use assets	2,657,000	2,799,000
Other assets	19,443,000	18,898,000
Total assets	348,964,000	358,701,000
Current liabilities:
Accounts payable	10,262,000	9,617,000
Accrued liabilities	12,697,000	19,019,000
Short-term loans	49,048,000	52,921,000
Total current liabilities	72,007,000	81,557,000
Noncurrent operating lease liabilities	2,211,000	2,351,000
Other long-term liabilities	9,655,000	5,647,000
Total liabilities	83,873,000	89,555,000
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests (Note 18)	40,581,000	41,663,000
Stockholders' equity:
Preferred stock Series A, $0.001 par value; 2,000 shares authorized; 883 shares issued and outstanding as of March 31, 2024 and December 31, 2023 (Liquidation preference of $7,920 and $7,875 as of March 31, 2024 and December 31, 2023)	3,532,000	3,532,000
Common stock, $0.001 par value; 70,000 shares authorized; 44,399 and 44,239 shares issued and outstanding as of March 31, 2024 and December 31, 2023	44,000	44,000
Additional paid-in capital	239,257,000	238,452,000
Accumulated deficit	(34,123,000)	(32,040,000)
Accumulated other comprehensive loss	(7,626,000)	(5,999,000)
Total AXT, Inc. stockholders' equity	201,084,000	203,989,000
Noncontrolling interests	23,426,000	23,494,000
Total stockholders' equity	224,510,000	227,483,000
Total liabilities, redeemable noncontrolling interests and stockholders' equity	$ 348,964,000	$ 358,701,000

About AXT Inc

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide for use in data center connectivity using light/lasers, 5G communications, fiber optic lasers and detectors, passive optical networks, silicon photonics, photonic integrated circuits, terrestrial solar cells, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging. It also provides semi-insulating gallium arsenide (GaAs) substrates for use in Wi-Fi and IoT devices, transistors, direct broadcast television, power amplifiers, satellite communications, and solar cells; and semi-conducting GaAs substrates that are used in LED, screen displays, printer head lasers and LEDs, 3-D sensing using VCSELs, data center communication using VCSELs, sensors for industrial robotics/near-infrared sensors, optical couplers, solar cells, night vision goggles, lidar for robotics and autonomous vehicles, and other lasers, as well as laser machining, cutting, and drilling. In addition, the company offers germanium substrates for use in multi-junction solar cells for satellites, optical sensors and detectors, terrestrial concentrated photo voltaic cells, infrared detectors, and carrier wafer for LED. Further, it provides 6N+ and 7N+ purified gallium, boron trioxide, gallium-magnesium alloy, pyrolytic boron nitride (pBN) crucibles, and pBN insulating parts. It sells its products through direct salesforce in the United States, China, and Europe, as well as through independent sales representatives and distributors in Japan, Taiwan, Korea, and internationally. The company was formerly known as American Xtal Technology, Inc. and changed its name to AXT, Inc. in July 2000. AXT, Inc. was incorporated in 1986 and is headquartered in Fremont, California.

CEO	Dr. Morris S. Young Ph.D.
WEBSITE	axt.com
INDUSTRY	Semiconductors
EMPLOYEES	1559

AXT Inc Frequently Asked Questions

What is the ticker symbol for AXT Inc? What does AXTI stand for in stocks?

AXTI is the stock ticker symbol of AXT Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of AXT Inc (AXTI)?

As of Fri May 17 2024, market cap of AXT Inc is 146.07 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AXTI stock?

You can check AXTI's fair value in chart for subscribers.

What is the fair value of AXTI stock?

You can check AXTI's fair value in chart for subscribers. The fair value of AXT Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of AXT Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AXTI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is AXT Inc a good stock to buy?

The fair value guage provides a quick view whether AXTI is over valued or under valued. Whether AXT Inc is cheap or expensive depends on the assumptions which impact AXT Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AXTI.

What is AXT Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, AXTI's PE ratio (Price to Earnings) is -8.79 and Price to Sales (PS) ratio is 1.85. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AXTI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on AXT Inc's stock?

In the past 10 years, AXT Inc has provided 0.042 (multiply by 100 for percentage) rate of return.