But why did it jumped 17% one day & tumbled 14% the next day?
Trading at a P/E ratio exceeding 4000x, AXT is priced for hyper growth perfection. When the broad market skids in surging bond yields, speculative stocks like AXT are the first to get sold off.
Over the past year, AXT insiders have dumped USD 78.2 million worth of shares with zero insider buying.
Buy or Wait?
I would wait and let the technical retracement run its course. Historically extreme pullbacks take a few consecutive sessions to find a true support floor.
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- MabelReedΒ·08-19TOP4000x PE alone tells me nothing here. A bottleneck material with real scarcity gets priced on future cash flow, not a backward snapshot lol2Report
- zumaΒ·08-20thx2Report