Intrinsic value of AXT - AXTI

Previous Close

$7.55

  Intrinsic Value

$2.80

stock screener

  Rating & Target

str. sell

-63%

Previous close

$7.55

 
Intrinsic value

$2.80

 
Up/down potential

-63%

 
Rating

str. sell

We calculate the intrinsic value of AXTI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  15.10
  14.09
  13.18
  12.36
  11.63
  10.96
  10.37
  9.83
  9.35
  8.91
  8.52
  8.17
  7.85
  7.57
  7.31
  7.08
  6.87
  6.68
  6.52
  6.36
  6.23
  6.11
  5.99
  5.90
  5.81
  5.73
  5.65
  5.59
  5.53
  5.48
Revenue, $m
  114
  130
  147
  165
  184
  204
  225
  247
  271
  295
  320
  346
  373
  401
  431
  461
  493
  526
  560
  596
  633
  671
  712
  754
  797
  843
  891
  940
  992
  1,047
Variable operating expenses, $m
  71
  81
  92
  103
  115
  128
  141
  155
  169
  184
  200
  217
  234
  251
  270
  289
  308
  329
  351
  373
  396
  420
  445
  472
  499
  528
  558
  589
  621
  655
Fixed operating expenses, $m
  26
  26
  27
  27
  28
  28
  29
  30
  30
  31
  32
  32
  33
  34
  35
  35
  36
  37
  38
  39
  39
  40
  41
  42
  43
  44
  45
  46
  47
  48
Total operating expenses, $m
  97
  107
  119
  130
  143
  156
  170
  185
  199
  215
  232
  249
  267
  285
  305
  324
  344
  366
  389
  412
  435
  460
  486
  514
  542
  572
  603
  635
  668
  703
Operating income, $m
  17
  22
  28
  34
  41
  48
  55
  63
  71
  79
  88
  97
  106
  116
  126
  137
  148
  160
  172
  184
  197
  211
  225
  240
  255
  271
  288
  306
  324
  343
EBITDA, $m
  22
  28
  35
  42
  49
  57
  65
  74
  83
  92
  102
  112
  123
  134
  146
  158
  170
  183
  197
  211
  225
  241
  257
  273
  291
  309
  328
  348
  368
  390
Interest expense (income), $m
  0
  0
  0
  0
  1
  1
  1
  2
  2
  2
  3
  3
  3
  4
  4
  5
  5
  5
  6
  6
  7
  7
  8
  9
  9
  10
  10
  11
  12
  13
  13
Earnings before tax, $m
  17
  22
  28
  34
  40
  47
  54
  61
  69
  77
  85
  94
  103
  112
  122
  132
  143
  154
  165
  177
  190
  203
  216
  230
  245
  261
  277
  294
  312
  330
Tax expense, $m
  5
  6
  7
  9
  11
  13
  14
  16
  19
  21
  23
  25
  28
  30
  33
  36
  39
  42
  45
  48
  51
  55
  58
  62
  66
  70
  75
  79
  84
  89
Net income, $m
  12
  16
  20
  25
  29
  34
  39
  44
  50
  56
  62
  68
  75
  82
  89
  96
  104
  112
  121
  129
  138
  148
  158
  168
  179
  190
  202
  215
  227
  241

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  194
  222
  251
  282
  315
  350
  386
  424
  463
  505
  548
  592
  639
  687
  737
  790
  844
  900
  959
  1,020
  1,083
  1,150
  1,218
  1,290
  1,365
  1,443
  1,525
  1,610
  1,699
  1,792
Adjusted assets (=assets-cash), $m
  194
  222
  251
  282
  315
  350
  386
  424
  463
  505
  548
  592
  639
  687
  737
  790
  844
  900
  959
  1,020
  1,083
  1,150
  1,218
  1,290
  1,365
  1,443
  1,525
  1,610
  1,699
  1,792
Revenue / Adjusted assets
  0.588
  0.586
  0.586
  0.585
  0.584
  0.583
  0.583
  0.583
  0.585
  0.584
  0.584
  0.584
  0.584
  0.584
  0.585
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.583
  0.585
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
Average production assets, $m
  43
  49
  55
  62
  69
  77
  84
  93
  101
  110
  120
  130
  140
  150
  161
  173
  185
  197
  210
  223
  237
  252
  267
  283
  299
  316
  334
  353
  372
  393
Working capital, $m
  57
  65
  73
  82
  92
  102
  113
  124
  135
  147
  160
  173
  187
  201
  215
  231
  246
  263
  280
  298
  316
  336
  356
  377
  399
  421
  445
  470
  496
  523
Total debt, $m
  4
  9
  13
  18
  24
  29
  35
  41
  48
  54
  61
  69
  76
  84
  92
  101
  109
  118
  128
  138
  148
  159
  170
  182
  194
  206
  220
  233
  248
  263
Total liabilities, $m
  32
  36
  41
  46
  51
  57
  62
  69
  75
  82
  89
  96
  103
  111
  119
  128
  137
  146
  155
  165
  176
  186
  197
  209
  221
  234
  247
  261
  275
  290
Total equity, $m
  163
  186
  210
  236
  264
  293
  323
  355
  388
  423
  459
  496
  535
  576
  618
  662
  707
  754
  804
  855
  908
  963
  1,021
  1,081
  1,144
  1,210
  1,278
  1,349
  1,424
  1,502
Total liabilities and equity, $m
  195
  222
  251
  282
  315
  350
  385
  424
  463
  505
  548
  592
  638
  687
  737
  790
  844
  900
  959
  1,020
  1,084
  1,149
  1,218
  1,290
  1,365
  1,444
  1,525
  1,610
  1,699
  1,792
Debt-to-equity ratio
  0.030
  0.050
  0.060
  0.080
  0.090
  0.100
  0.110
  0.120
  0.120
  0.130
  0.130
  0.140
  0.140
  0.150
  0.150
  0.150
  0.150
  0.160
  0.160
  0.160
  0.160
  0.160
  0.170
  0.170
  0.170
  0.170
  0.170
  0.170
  0.170
  0.180
Adjusted equity ratio
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838
  0.838

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  12
  16
  20
  25
  29
  34
  39
  44
  50
  56
  62
  68
  75
  82
  89
  96
  104
  112
  121
  129
  138
  148
  158
  168
  179
  190
  202
  215
  227
  241
Depreciation, amort., depletion, $m
  5
  6
  7
  7
  8
  9
  10
  11
  12
  13
  14
  15
  17
  18
  19
  21
  22
  23
  25
  27
  28
  30
  32
  34
  36
  38
  40
  42
  44
  47
Funds from operations, $m
  17
  22
  27
  32
  37
  43
  49
  55
  62
  69
  76
  84
  92
  100
  108
  117
  126
  136
  146
  156
  167
  178
  190
  202
  215
  228
  242
  256
  272
  288
Change in working capital, $m
  7
  8
  9
  9
  10
  10
  11
  11
  12
  12
  13
  13
  14
  14
  15
  15
  16
  16
  17
  18
  19
  19
  20
  21
  22
  23
  24
  25
  26
  27
Cash from operations, $m
  10
  14
  18
  23
  28
  33
  39
  44
  51
  57
  64
  71
  78
  86
  94
  102
  110
  119
  128
  138
  148
  159
  170
  181
  193
  205
  218
  232
  246
  260
Maintenance CAPEX, $m
  -4
  -5
  -6
  -7
  -7
  -8
  -9
  -10
  -11
  -12
  -13
  -14
  -15
  -17
  -18
  -19
  -21
  -22
  -23
  -25
  -27
  -28
  -30
  -32
  -34
  -36
  -38
  -40
  -42
  -44
New CAPEX, $m
  -5
  -6
  -6
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -11
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -19
  -20
Cash from investing activities, $m
  -9
  -11
  -12
  -14
  -14
  -16
  -17
  -18
  -20
  -21
  -22
  -24
  -25
  -28
  -29
  -30
  -33
  -34
  -36
  -38
  -41
  -42
  -45
  -48
  -50
  -53
  -56
  -59
  -61
  -64
Free cash flow, $m
  0
  3
  6
  10
  13
  17
  22
  26
  31
  36
  41
  47
  52
  58
  65
  71
  78
  85
  92
  100
  108
  116
  124
  133
  143
  152
  163
  173
  184
  196
Issuance/(repayment) of debt, $m
  4
  4
  5
  5
  5
  6
  6
  6
  6
  7
  7
  7
  8
  8
  8
  8
  9
  9
  10
  10
  10
  11
  11
  12
  12
  13
  13
  14
  14
  15
Issuance/(repurchase) of shares, $m
  9
  7
  4
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  13
  11
  9
  6
  5
  6
  6
  6
  6
  7
  7
  7
  8
  8
  8
  8
  9
  9
  10
  10
  10
  11
  11
  12
  12
  13
  13
  14
  14
  15
Total cash flow (excl. dividends), $m
  13
  14
  15
  16
  19
  23
  27
  32
  37
  43
  48
  54
  60
  66
  73
  80
  87
  94
  102
  110
  118
  127
  136
  145
  155
  165
  176
  187
  199
  211
Retained Cash Flow (-), $m
  -21
  -23
  -25
  -26
  -27
  -29
  -30
  -32
  -33
  -35
  -36
  -37
  -39
  -41
  -42
  -44
  -45
  -47
  -49
  -51
  -53
  -55
  -58
  -60
  -63
  -65
  -68
  -71
  -75
  -78
Prev. year cash balance distribution, $m
  42
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  34
  -9
  -9
  -10
  -9
  -6
  -3
  0
  4
  8
  12
  16
  21
  26
  31
  36
  41
  47
  53
  59
  65
  71
  78
  85
  92
  100
  107
  116
  124
  133
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  32
  -8
  -8
  -8
  -7
  -4
  -2
  0
  2
  4
  6
  7
  8
  9
  9
  9
  9
  9
  8
  7
  7
  6
  5
  4
  4
  3
  2
  2
  1
  1
Current shareholders' claim on cash, %
  96.4
  94.0
  92.7
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3
  92.3

AXT, Inc. (AXT) is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. The Company is engaged in the design, development, manufacture and distribution of compound semiconductor substrates and sale of materials. The Company provides alternative or specialty materials in the form of substrates or wafers, including compound and single element substrates. Its compound substrates combine indium with phosphorous (InP) or gallium with arsenic (GaAs). Its single element substrates are made from germanium (Ge). The Company uses its Vertical Gradient Freeze (VGF) technique for growing single crystal Indium Phosphide (InP), Gallium Arsenide (GaAs) and Germanium (Ge) ingots used to produce wafers for diverse electronic and optoelectronic device and circuit applications.

FINANCIAL RATIOS  of  AXT (AXTI)

Valuation Ratios
P/E Ratio 41.6
Price to Sales 3.1
Price to Book 1.9
Price to Tangible Book
Price to Cash Flow 19.2
Price to Free Cash Flow 24.9
Growth Rates
Sales Growth Rate 3.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -25%
Cap. Spend. - 3 Yr. Gr. Rate -9.7%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 3.9%
Ret/ On Assets - 3 Yr. Avg. 0.7%
Return On Total Capital 4.5%
Ret/ On T. Cap. - 3 Yr. Avg. 0.8%
Return On Equity 4.5%
Return On Equity - 3 Yr. Avg. 0.8%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 32.1%
Gross Margin - 3 Yr. Avg. 24.7%
EBITDA Margin 13.6%
EBITDA Margin - 3 Yr. Avg. 8.2%
Operating Margin 7.4%
Oper. Margin - 3 Yr. Avg. -0%
Pre-Tax Margin 7.4%
Pre-Tax Margin - 3 Yr. Avg. 1.6%
Net Profit Margin 7.4%
Net Profit Margin - 3 Yr. Avg. 1.2%
Effective Tax Rate 16.7%
Eff/ Tax Rate - 3 Yr. Avg. -11.1%
Payout Ratio 0%

AXTI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AXTI stock intrinsic value calculation we used $98.673 million for the last fiscal year's total revenue generated by AXT. The default revenue input number comes from 0001 income statement of AXT. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AXTI stock valuation model: a) initial revenue growth rate of 15.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for AXTI is calculated based on our internal credit rating of AXT, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of AXT.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AXTI stock the variable cost ratio is equal to 62.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $25 million in the base year in the intrinsic value calculation for AXTI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for AXT.

Corporate tax rate of 27% is the nominal tax rate for AXT. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AXTI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AXTI are equal to 37.5%.

Life of production assets of 8.4 years is the average useful life of capital assets used in AXT operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AXTI is equal to 50%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $183.82 million for AXT - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 39.511 million for AXT is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of AXT at the current share price and the inputted number of shares is $0.3 billion.

RELATED COMPANIES Price Int.Val. Rating
VECO Veeco Instrume 10.65 37.53  str.buy
QRVO Qorvo 78.62 28.09  str.sell
SWKS Skyworks Solut 92.17 78.40  hold

COMPANY NEWS

▶ Should You Investigate AXT Inc (NASDAQ:AXTI) At US$7.55?   [Sep-24-18 09:45AM  Simply Wall St.]
▶ AXT: 2Q Earnings Snapshot   [Jul-25-18 06:15PM  Associated Press]
▶ AXT, Inc. to Host Earnings Call   [02:30PM  ACCESSWIRE]
▶ Spotlight On AXT Incs (NASDAQ:AXTI) Fundamentals   [Jun-22-18 01:01PM  Simply Wall St.]
▶ AXT: 1Q Earnings Snapshot   [Apr-25-18 06:09PM  Associated Press]
▶ AXT, Inc. to Host Earnings Call   [12:15PM  ACCESSWIRE]
▶ AXT, Inc. Updates Expectations for the First Quarter 2018   [Apr-11-18 05:02PM  GlobeNewswire]
▶ AXT meets 4Q profit forecasts   [Feb-21-18 06:55PM  Associated Press]
▶ AXT, Inc. to Host Earnings Call   [12:00PM  ACCESSWIRE]
▶ ETFs with exposure to AXT, Inc. : December 22, 2017   [Dec-22-17 11:33AM  Capital Cube]
▶ ETFs with exposure to AXT, Inc. : December 11, 2017   [Dec-11-17 01:32PM  Capital Cube]
▶ ETFs with exposure to AXT, Inc. : November 30, 2017   [Nov-30-17 01:29PM  Capital Cube]
▶ AXT, Inc.: Leads amongst peers with strong fundamentals   [Nov-21-17 11:00AM  Capital Cube]
▶ ETFs with exposure to AXT, Inc. : October 26, 2017   [Oct-26-17 10:19AM  Capital Cube]
▶ AXT beats Street 3Q forecasts   [Oct-25-17 06:55PM  Associated Press]
▶ AXT, Inc. to Host Earnings Call   [07:50AM  ACCESSWIRE]
▶ ETFs with exposure to AXT, Inc. : October 16, 2017   [Oct-16-17 09:48AM  Capital Cube]
▶ Two Techs And Two Biotechs Breaking Out   [Oct-05-17 12:24PM  Forbes]
▶ ETFs with exposure to AXT, Inc. : October 2, 2017   [Oct-02-17 10:41AM  Capital Cube]
▶ ETFs with exposure to AXT, Inc. : September 18, 2017   [Sep-18-17 05:29PM  Capital Cube]
▶ ETFs with exposure to AXT, Inc. : September 6, 2017   [Sep-05-17 08:03PM  Capital Cube]
▶ AXT Appoints Wilson Lin as Chief Operating Officer   [Aug-22-17 06:30AM  GlobeNewswire]
▶ ETFs with exposure to AXT, Inc. : August 8, 2017   [Aug-08-17 04:03PM  Capital Cube]
▶ AXT, Inc.: Leads amongst peers with strong fundamentals   [Jul-28-17 03:25PM  Capital Cube]
▶ Why Shares of AXT Inc. Are Up Today   [Jul-27-17 12:47PM  Motley Fool]
▶ AXT meets 2Q profit forecasts   [12:00AM  Associated Press]
▶ AXT, Inc. Announces Second Quarter 2017 Financial Results   [Jul-26-17 04:10PM  GlobeNewswire]
▶ ETFs with exposure to AXT, Inc. : July 13, 2017   [Jul-13-17 03:33PM  Capital Cube]
▶ ETFs with exposure to AXT, Inc. : July 3, 2017   [Jul-03-17 02:55PM  Capital Cube]
▶ ETFs with exposure to AXT, Inc. : June 5, 2017   [Jun-05-17 02:02PM  Capital Cube]
▶ ETFs with exposure to AXT, Inc. : May 26, 2017   [May-26-17 12:59PM  Capital Cube]
▶ ETFs with exposure to AXT, Inc. : April 27, 2017   [Apr-27-17 03:45PM  Capital Cube]
▶ Why Shares of AXT Inc. Jumped Today   [12:24PM  Motley Fool]
▶ AXT tops Street 1Q forecasts   [Apr-26-17 06:20PM  Associated Press]
▶ Why Shares of AXT Inc. Dropped Today   [Mar-16-17 11:49AM  Motley Fool]
▶ Why Shares of AXT Inc. Dropped Today   [11:49AM  at Motley Fool]
▶ Why Shares of AXT Inc. Slumped on Thursday   [Mar-02-17 11:45AM  at Motley Fool]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.