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Barchart

Jim Van Meerten

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.

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