Analyst is positioned long AXTI but skeptical of further parabolic upside; expects steady gains from earnings improvement and backlog conversion longer-term
Analyst holds position (in it), doesn't see new catalyst for parabolic move, but expects long-term appreciation as earnings improve and backlog converts
@CifrOracle Idk, I'm in it and I think it's probably too late now to experience another parabolic move. Don't personally see the catalyst for it. Will keep going up longer term as their earnings improve though + backlog converts.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -0.7% | -1.0% |
| 1 week | -20.1% | -16.2% |
| 1 month | -40.5% | -40.1% |
| 3 months | — | — |
| 6 months | — | — |