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AXT (AXTI) Looks Good: Stock Adds 9.8% in Session

AXT, Inc. AXTI was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.92 to $6.55 in the past one-month time frame.

The company has seen no estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

AXT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

AXT, Inc. Price

AXT, Inc. Price

AXT, Inc. price | AXT, Inc. Quote

 

A better-ranked stock in the Computer and Technology sector is Synaptics Incorporated SYNA, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Hottest Tech Mega-Trend of All

Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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Synaptics Incorporated (SYNA): Free Stock Analysis Report
 
AXT Inc (AXTI): Free Stock Analysis Report
 
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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