If you would have invested in $AXTI , 2 months ago your investment would have been 300%. If you would have invested in $AXTI , a year ago your investment would have been 5446%. Even Gold ( $GLD) and Bitcoin ( $BTC) will fail in this marathon. $AXTI doesn't have a positive P/E. $AXTI is not profitable and not expected to be profitable in the next year based on these forecasts. Current $AXTI Sales per share 49.5x. AXTI is losing money — EPS forecasts are -$0.04 to -$0.20 per quarter. So investors can’t use P/E. For unprofitable growth/speculative stocks, they use P/S instead. AXTI makes indium phosphide and gallium arsenide wafers for AI data centers, 5G, and photonics. The stock is up +5,446% in 1 year because the market is pricing in explosive future demand. Analyst price target = $22.80 vs current $78.76 = -70.9% downside. MarketBeat consensus rating: Hold