24/7 Market News Snapshot 09 July, 2025 – AXT Inc (NASDAQ:AXTI)
DENVER, Colo., 09 July, 2025 (www.247marketnews.com) – (NASDAQ:AXTI) are discussed in this article.
AXT Inc. (AXTI) opened trading at $2.42 today but has seen a significant drop, currently trading at $2.08, reflecting a decline of 12.15%. This bearish trend highlights increased selling pressure, potentially linked to broader market sentiments or specific news affecting the company. The trading volume is notable at 1.06 million shares, indicating heightened investor interest compared to average levels. If support levels do not hold, this price movement could signify a continuation of the bearish trend. Traders will be monitoring for any potential rebound around the $2.00 mark, while resistance is expected near the opening price of $2.42. In making investment decisions, it is advisable to consider both market conditions and the underlying fundamentals of the company.
In addition, AXT has provided an update regarding its projected financial performance for the second quarter of 2025. The company anticipates preliminary revenue in the range of $17.5 million to $18 million, which marks a deviation from previous guidance of $20 million to $22 million. This adjustment has arisen primarily due to difficulties in obtaining export control permits for gallium arsenide products, along with an unexpected downturn in demand from the Chinese market.
CEO Morris Young remarked on the company’s efforts in addressing these challenges while acknowledging the growing demand for indium phosphide within the AI sector. He noted that the subsidiary had received its first export control permits for this product late last quarter. Despite these obstacles, AXT is focusing on improving gross margins, expecting to achieve high single-digit margins for Q2 2025.
AXT will disclose full financial results in its upcoming earnings call on July 31, 2025, providing stakeholders with valuable insights into its financial performance and strategic initiatives in response to the current market landscape.