Alert: Major Price Decline (4/4/24)-AXT Inc (NASDAQ: AXTI).


AXT Inc (NASDAQ: AXTI) stock suffered a major decline of -34.9% on 4/4/24. The shares closed at $3.22. Moreover, exceptionally high trading volume at 209% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -31.6% during the last week.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, AXTI is expected to continue to be a modest Value Builder.

AXT has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. AXT has a slightly negative Appreciation Score of 36 but a very high Power Rating of 91, with the High Neutral Value Trend Rating the result.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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