Applied Optoelectronics Inc (AAOI) concluded trading on Wednesday at a closing price of $18.97, with 3.62 million shares of worth about $68.59 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 58.35% during that period and on October 16, 2024 the price saw a gain of about 9.02%. Currently the company’s common shares owned by public are about 38.15M shares, out of which, 37.56M shares are available for trading.
Stock saw a price change of 17.32% in past 5 days and over the past one month there was a price change of 39.69%. Year-to-date (YTD), AAOI shares are showing a performance of -1.81% which increased to 147.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.66 but also hit the highest price of $24.75 during that period. The average intraday trading volume for Applied Optoelectronics Inc shares is 2.47 million. The stock is currently trading 22.47% above its 20-day simple moving average (SMA20), while that difference is up 51.65% for SMA50 and it goes to 47.19% higher than SMA200.
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Applied Optoelectronics Inc (NASDAQ: AAOI) currently have 38.15M outstanding shares and institutions hold larger chunk of about 73.74% of that.
The stock has a current market capitalization of $775.87M and its 3Y-monthly beta is at 1.97. It has posted earnings per share of -$1.92 in the same period. It has Quick Ratio of 0.97 while making debt-to-equity ratio of 0.59. 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 9.27% while standing at 9.33% over the month.
Stock’s fiscal year EPS is expected to drop by -60.40% while it is estimated to increase by 185.09% 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 Raymond James on September 03, 2024 offering an Outperform rating for the stock and assigned a target price of $17 to it. Coverage by B. Riley Securities stated Applied Optoelectronics Inc (AAOI) stock as a Neutral in their note to investors on February 23, 2024, suggesting a price target of $16 for the stock. On January 30, 2024, Rosenblatt Initiated their recommendations, while on December 13, 2023, B. Riley Securities Reiterated their ratings for the stock with a price target of $22. Stock get a Buy rating from B. Riley Securities on August 04, 2023.
