Currently, there are 38.15M common shares owned by the public and among those 35.51M shares have been available to trade.
The company’s stock has a 5-day price change of 40.05% and 6.54% over the past three months. AAOI shares are trading -38.46% year to date (YTD), with the 12-month market performance up to 30.09% higher. It has a 12-month low price of $5.86 and touched a high of $24.75 over the same period. AAOI has an average intraday trading volume of 1.93 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 33.96%, 16.64%, and -10.70% respectively.
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Institutional ownership of Applied Optoelectronics Inc (NASDAQ: AAOI) shares accounts for 69.32% of the company’s 38.15M shares outstanding.
It has a market capitalization of $462.64M and a beta (3y monthly) value of 1.99. The earnings-per-share (ttm) stands at -$1.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.00% over the week and 7.81% over the month.
Earnings per share for the fiscal year are expected to decrease by -12.50%, and 255.20% over the next financial year. EPS should grow at an annualized rate of 13.00% over the next five years, compared to -74.26% over the past 5-year period.
Looking at the support for the AAOI, a number of firms have released research notes about the stock. B. Riley Securities stated their Neutral rating for the stock in a research note on February 23, 2024, with the firm’s price target at $22-$16. Rosenblatt coverage for the Applied Optoelectronics Inc (AAOI) stock in a research note released on January 30, 2024 offered a Buy rating with a price target of $23. B. Riley Securities was of a view on December 13, 2023 that the stock is Buy, while B. Riley Securities gave the stock Buy rating on August 04, 2023, issuing a price target of $2.50- $11.50. Craig Hallum on their part issued Sell rating on February 25, 2022.
