Applied Optoelectronics Inc (AAOI) concluded trading on Thursday at a closing price of $11.66, with 2.35 million shares of worth about $27.39 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 53.62% during that period and on April 18, 2024 the price saw a loss of about -2.67%. Currently the company’s common shares owned by public are about 38.15M shares, out of which, 35.57M shares are available for trading.
Stock saw a price change of -2.10% in past 5 days and over the past one month there was a price change of -14.26%. Year-to-date (YTD), AAOI shares are showing a performance of -39.65% which increased to 430.00% 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 2.87 million. The stock is currently trading -10.96% below its 20-day simple moving average (SMA20), while that difference is down -23.47% for SMA50 and it goes to -13.01% lower than SMA200.
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Applied Optoelectronics Inc (NASDAQ: AAOI) currently have 38.15M outstanding shares and institutions hold larger chunk of about 64.02% of that.
The stock has a current market capitalization of $447.74M and its 3Y-monthly beta is at 2.07. It has posted earnings per share of -$1.79 in the same period. It has Quick Ratio of 1.16 while making debt-to-equity ratio of 0.56. 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 8.74% while standing at 5.89% over the month.
Analysts are in expectations that Applied Optoelectronics Inc (AAOI) stock would likely to be making an EPS of $AAON, Inc. in the current quarter, while forecast for next quarter EPS is $85.24 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Aadi Bioscience, Inc. which is $ADVANCED VOICE RECOGNITION SYS 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 $Armada Acquisition Corp. I in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 77.88% while it is estimated to increase by 1037.46% in next year. EPS is likely to grow at an annualized rate of 13.00% for next 5-years, compared to annual growth of -74.26% made by the stock over the past 5-years.
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 B. Riley Securities on February 23, 2024 offering a Neutral rating for the stock and assigned a target price range of between $22 and $16 to it. Coverage by Rosenblatt stated Applied Optoelectronics Inc (AAOI) stock as a Buy in their note to investors on January 30, 2024, suggesting a price target of $23 for the stock. On December 13, 2023, B. Riley Securities Reiterated their recommendations, while on August 04, 2023, B. Riley Securities Upgrade their ratings for the stock with a price target of $11.50. Stock get a Sell rating from Craig Hallum on February 25, 2022.
