On July 30, AXT Inc rose 12.65% in after-hours trading, trading at $53.46/share, with turnover of $7.59 million.

On the news front, the company released its second-quarter earnings report after market close. Market consensus had expected revenue of approximately $34.09 million, representing a 72.36% year-over-year increase, with adjusted EPS of approximately $0.07, up 153.82% year-over-year. The significant after-hours rally indicates market recognition of the earnings performance.

The stock had previously declined over 20% cumulatively across two trading sessions, pressured by B. Riley slashing its price target from $73 to $52 (a nearly 29% reduction while maintaining a Neutral rating) and broader optical communications sector weakness. The current rebound reflects a combination of oversold recovery momentum and earnings catalyst. According to FactSet, the analyst consensus mean price target stands at $96.50 with an overall overweight rating, reflecting broadly positive institutional sentiment toward the company.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)