Applied Optoelectronics Inc (AAOI) concluded trading on Thursday at a closing price of $8.40, with 3.05 million shares of worth about $25.62 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -46.60% during that period and on August 01, 2024 the price saw a loss of about -12.04%. Currently the company’s common shares owned by public are about 38.15M shares, out of which, 35.56M shares are available for trading.
Stock saw a price change of -2.44% in past 5 days and over the past one month there was a price change of 6.33%. Year-to-date (YTD), AAOI shares are showing a performance of -56.52% which increased to 19.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.48 but also hit the highest price of $24.75 during that period. The average intraday trading volume for Applied Optoelectronics Inc shares is 2.01 million. The stock is currently trading -9.31% below its 20-day simple moving average (SMA20), while that difference is down -14.72% for SMA50 and it goes to -36.98% 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 69.11% of that.
The stock has a current market capitalization of $326.84M and its 3Y-monthly beta is at 1.97. It has posted earnings per share of -$1.83 in the same period. It has Quick Ratio of 1.06 while making debt-to-equity ratio of 0.60. 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 12.61% while standing at 10.05% over the month.
Stock’s fiscal year EPS is expected to drop by -12.39% while it is estimated to increase by 255.25% 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.
