Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AXT Inc shares valued at $40,929 were purchased by YOUNG MORRIS S on Feb 25 ’25. At $1.36 per share, YOUNG MORRIS S acquired 30,000 shares. The insider’s holdings grew to 2,449,490 shares worth approximately $3.23 million following the completion of this transaction.
As published in a research note from Craig Hallum on February 23, 2024, AXT Inc [AXTI] has been rated up from a Hold to a Buy and the price target has been revised to $3.75 from $2.25. Analysts at B. Riley Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late February. As of February 17, 2023, Craig Hallum has decreased its “Buy” rating to a “Hold” for AXTI. Earlier on June 27, 2022, Needham initiated its rating. Their recommendation was “a Buy” for AXTI stock.
Analyzing AXTI Stock Performance
During the last five days, there has been a drop of approximately -42.48%. Over the course of the year, AXT Inc shares have dropped approximately -39.17%. Shares of the company reached a 52-week high of $2.6200 on 02/19/25 and a 52-week low of $1.2900 on 02/26/25. A 50-day SMA is recorded $2.1229, while a 200-day SMA reached $2.6398. Nevertheless, trading volume fell to 1.04 million shares from 1.23 million shares the previous day.
Support And Resistance Levels for AXT Inc (AXTI)
According to the 24-hour chart, there is a support level at 1.2817, which, if violated, would cause prices to drop to 1.2433. In the upper region, resistance lies at 1.3667. The next price resistance is at 1.4133. RSI (Relative Strength Index) is 26.60 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.6056, which suggests the price will decrease in the coming days. Percent R is at 97.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
