This Stock Is Up 2,386% in a Year. Is the Party Over?

• AXT Inc. (AXTI) has surged 2,386.88% over the past 52 weeks, recently hitting an all-time high of $46.81.

• AXTI maintains strong technical momentum, with a 100% “Buy” Barchart opinion.

• Fundamentals show strong revenue and earnings growth estimates.

• Despite bullish technicals, price appreciation is decelerating, short interest is rising, and analyst price targets lag the current price.

Author’s Note: AXT Inc. was featured on Nov. 12 when it scored a 3-year high at $11.88.  Friday it closed at $37.90.  Nice gain if you bought back then.

Valued at $2.10 billion, AXT Inc. (AXTI) designs, develops, manufactures and distributes high-performance compound semiconductor substrates, as well as opto-electronic semiconductor devices such as high-brightness light emitting devices and vertical cavity surface emitting lasers.

I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. AXTI checks those boxes. Since the Trend Seeker issued a new “Buy” on Feb. 6, shares are up 64.09%.

Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

AXT Inc. scored an all-time high of $46.81 on March 2.

• AXTI has a Weighted Alpha of +1,684.76.

• AXT Inc. has a 100% “Buy” opinion from Barchart.

• The stock has gained 2,386.88% over the past 52 weeks.

• AXT Inc. has its Trend Seeker “Buy” signal intact.

• The stock recently traded at $42.79 with a 50-day moving average of $22.11.

• AXTI has made 10 new highs and is up 98.57% over the past month.

• Relative Strength Index (RSI) is at 72.67.

• There’s a technical support level around $36.39.

• $2.10 billion market capitalization.

• Revenue is expected to grow 41.87% this year and another 41.19% next year.

• Earnings are estimated to increase 100.98% this year and an additional 11,566.75% next year.