Applied Optoelectronics Inc (AAOI) concluded trading on Thursady at a closing price of $20.35, with 6.07 million shares of worth about $123.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 31.46% during that period and on Thursady the price saw a gain of about 6.04%. Currently the company’s common shares owned by public are about 35.54M shares, out of which, 32.81M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 107 times over the past 12 months. They bought 1,159,565 shares in 20 of the transactions. In 87 selling transactions, insiders dumped 431,655 shares.
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However, the stock later moved at a day high price of 20.87, or with a gain of 6.04%. Stock saw a price change of -2.54% in past 5 days and over the past one month there was a price change of 12.24%. Year-to-date (YTD), AAOI shares are showing a performance of 5.33% which increased to 648.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.60 but also hit the highest price of $24.75 during that period. The average intraday trading volume for Applied Optoelectronics Inc shares is 3.27 million. The stock is currently trading 9.34% above its 20-day simple moving average (SMA20), while that difference is up 5.34% for SMA50 and it goes to 80.55% higher than SMA200.
Applied Optoelectronics Inc (NASDAQ: AAOI) currently have 35.54M outstanding shares and institutions hold larger chunk of about 68.89% of that.
The stock has a current market capitalization of $723.24M and its 3Y-monthly beta is at 2.10. It has posted earnings per share of -$2.12 in the same period. It has Quick Ratio of 0.51 while making debt-to-equity ratio of 0.74. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AAOI, volatility over the week remained 11.22% while standing at 9.89% over the month.
Analysts are in expectations that Applied Optoelectronics Inc (AAOI) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is -$0.01 and it is $0.43 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.02 which is $0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.19 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 197.90% while it is estimated to increase by 145.87% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Rosenblatt on January 30, 2024 offering a Buy rating for the stock and assigned a target price of $23 to it. Coverage by B. Riley Securities stated Applied Optoelectronics Inc (AAOI) stock as a Buy in their note to investors on December 13, 2023, suggesting a price target of $22 for the stock. On August 04, 2023, B. Riley Securities Upgrade their recommendations, while on February 25, 2022, Craig Hallum Downgrade their ratings for the stock with a price target of $2.50. Stock get a Hold rating from Needham on March 02, 2021.
