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An announcement from AXT ( (AXTI) ) is now available.
AXT, Inc. recently appointed Leonard J. Leblanc to its Board of Directors, filling a vacancy left by the passing of Ms. Christine Russell. Mr. Leblanc, who has a rich history with the company and extensive experience in finance and corporate governance, will serve as a Class III director until July 2027. His familiarity with AXT’s operations and strategic needs is seen as crucial during this critical period. Additionally, Jesse Chen has been appointed as the Chair of the Audit Committee, bringing his expertise as an ‘audit committee financial expert’ to the role.
The most recent analyst rating on (AXTI) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on AXT stock, see the AXTI Stock Forecast page.
Spark’s Take on AXTI Stock
According to Spark, TipRanks’ AI Analyst, AXTI is a Neutral.
AXT’s overall stock score reflects significant financial and operational challenges, including declining revenue and profitability issues. Technical indicators are mixed, providing little support. While future guidance suggests some potential improvement, current valuation metrics and corporate events indicate ongoing risks.
To see Spark’s full report on AXTI stock, click here.
More about AXT
Average Trading Volume: 470,600
Technical Sentiment Signal: Sell
Current Market Cap: $87.56M
See more insights into AXTI stock on TipRanks’ Stock Analysis page.