AXT (AXTI) Soars 17.0%: Is Further Upside Left in the Stock?

Group 1: AXT (AXTI) Overview - AXT shares increased by 17% to close at $6.06, with notable trading volume exceeding typical levels [1] - The stock has gained 9.1% over the past four weeks, driven by demand for indium phosphide substrates related to AI data center connectivity and high-speed transceiver applications [1] Group 2: Financial Expectations - AXT is projected to report a quarterly loss of $0.12 per share, reflecting a year-over-year decline of 140% [2] - Expected revenues for AXT are $19.91 million, down 15.8% from the same quarter last year [2] Group 3: Earnings Estimates and Stock Performance - The consensus EPS estimate for AXT has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] - AXT holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [3] Group 4: Industry Comparison - AXT is part of the Zacks Electronics - Semiconductors industry, where Sequans (SQNS) also holds a Zacks Rank of 3 (Hold) [3][4] - Sequans has an unchanged EPS estimate of -$1.8 for the upcoming report, representing a 106.2% decline from the previous year [4]