Currently, there are 38.15M common shares owned by the public and among those 37.55M shares have been available to trade.
The company’s stock has a 5-day price change of 17.67% and 86.03% over the past three months. AAOI shares are trading -17.29% year to date (YTD), with the 12-month market performance up to 66.81% higher. It has a 12-month low price of $6.66 and touched a high of $24.75 over the same period. AAOI has an average intraday trading volume of 2.32 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 28.50%, 55.81%, and 20.03% respectively.
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Institutional ownership of Applied Optoelectronics Inc (NASDAQ: AAOI) shares accounts for 73.71% of the company’s 38.15M shares outstanding.
It has a market capitalization of $653.58M and a beta (3y monthly) value of 1.95. The earnings-per-share (ttm) stands at -$1.92. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.77% over the week and 9.14% over the month.
Earnings per share for the fiscal year are expected to decrease by -60.05%, and 185.47% 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. Raymond James stated their Outperform rating for the stock in a research note on September 03, 2024, with the firm’s price target at $17. B. Riley Securities coverage for the Applied Optoelectronics Inc (AAOI) stock in a research note released on February 23, 2024 offered a Neutral rating with a price target of $16. Rosenblatt was of a view on January 30, 2024 that the stock is Buy, while B. Riley Securities gave the stock Buy rating on December 13, 2023, issuing a price target of $13.50- $22. B. Riley Securities on their part issued Buy rating on August 04, 2023.
