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AXT Faces Nasdaq Compliance Challenge After Board Loss

Story Highlights
  • AXT, Inc. announced the passing of board member Christine Russell on July 11, 2025.
  • The company is temporarily non-compliant with Nasdaq rules and is seeking a new director to regain compliance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AXT Faces Nasdaq Compliance Challenge After Board Loss

Elevate Your Investing Strategy:

AXT ( (AXTI) ) just unveiled an update.

AXT, Inc. announced the passing of Ms. Christine Russell, a member of its Board of Directors, on July 11, 2025. Ms. Russell, who joined the board in December 2019, was a key figure in the company’s governance, serving as Chair of the Audit Committee and participating in other committees. Her passing has left the company temporarily non-compliant with Nasdaq’s requirement for a minimum of three independent directors on the Audit Committee. AXT has until July 11, 2026, to regain compliance and is actively seeking a new independent director to fill the vacancy.

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 stock score reflects a challenging financial landscape with declining revenue and profitability. Despite technical indicators suggesting positive momentum, valuation issues and cautious earnings call sentiment weigh heavily. Corporate events offer mixed implications, with notable export challenges but potential growth opportunities in AI-related demand.

To see Spark’s full report on AXTI stock, click here.

More about AXT

Average Trading Volume: 456,043

Technical Sentiment Signal: Hold

Current Market Cap: $109M

Find detailed analytics on AXTI stock on TipRanks’ Stock Analysis page.

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