AXT Price To Sales Ratio from 2010 to 2024
| AXTI Stock | USD 2.97 0.07 2.41% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 1.35026321 | Current Value 2.38 | Quarterly Volatility 0.98751061 |
Check AXT financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AXT main balance sheet or income statement drivers, such as Depreciation And Amortization of 5.6 M, Interest Expense of 1.6 M or Selling General Administrative of 17.8 M, as well as many exotic indicators such as Price To Sales Ratio of 2.38, Dividend Yield of 0.0063 or PTB Ratio of 0.48. AXT financial statements analysis is a perfect complement when working with AXT Valuation or Volatility modules.
AXT | Price To Sales Ratio |
Latest AXT's Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of AXT Inc over the last few years. Price to Sales Ratio is figured by comparing AXT Inc stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on AXT sales, a figure that is much harder to manipulate than other AXT Inc multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period. AXT's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in AXT's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 2.00 X | 10 Years Trend |
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Price To Sales Ratio |
| Timeline |
AXT Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 1.96 | |
| Geometric Mean | 1.75 | |
| Coefficient Of Variation | 50.38 | |
| Mean Deviation | 0.81 | |
| Median | 1.66 | |
| Standard Deviation | 0.99 | |
| Sample Variance | 0.98 | |
| Range | 3.0342 | |
| R-Value | 0.20 | |
| Mean Square Error | 1.01 | |
| R-Squared | 0.04 | |
| Significance | 0.48 | |
| Slope | 0.04 | |
| Total Sum of Squares | 13.65 |
AXT Price To Sales Ratio History
About AXT Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include AXT income statement, its balance sheet, and the statement of cash flows. AXT investors use historical funamental indicators, such as AXT's Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although AXT investors may use each financial statement separately, they are all related. The changes in AXT's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on AXT's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on AXT Financial Statements. Understanding these patterns can help to make the right decision on long term investment in AXT. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 1.35 | 2.38 |
Pair Trading with AXT
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AXT position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AXT will appreciate offsetting losses from the drop in the long position's value.Moving against AXT Stock
| 0.72 | UIS | Unisys Financial Report 7th of May 2024 | PairCorr |
| 0.49 | AAPL | Apple Inc Earnings Call This Week | PairCorr |
| 0.46 | SNOW | Snowflake Financial Report 22nd of May 2024 | PairCorr |
| 0.45 | TWLO | Twilio Inc Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to AXT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AXT when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AXT - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AXT Inc to buy it.
The correlation of AXT is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AXT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AXT Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AXT can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of AXT Correlation against competitors. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for AXT Stock analysis
When running AXT's price analysis, check to measure AXT's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AXT is operating at the current time. Most of AXT's value examination focuses on studying past and present price action to predict the probability of AXT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AXT's price. Additionally, you may evaluate how the addition of AXT to your portfolios can decrease your overall portfolio volatility.
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Is AXT's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AXT. If investors know AXT will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AXT listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.57) | Earnings Share (0.42) | Revenue Per Share 1.777 | Quarterly Revenue Growth (0.24) | Return On Assets (0.04) |
The market value of AXT Inc is measured differently than its book value, which is the value of AXT that is recorded on the company's balance sheet. Investors also form their own opinion of AXT's value that differs from its market value or its book value, called intrinsic value, which is AXT's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AXT's market value can be influenced by many factors that don't directly affect AXT's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AXT's value and its price as these two are different measures arrived at by different means. Investors typically determine if AXT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AXT's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.