Applied Optoelectronics Inc (AAOI) concluded trading on Wednesday at a closing price of $33.97, with 4.97 million shares of worth about $168.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 282.98% during that period and on December 18, 2024 the price saw a gain of about 5.79%. Currently the company’s common shares owned by public are about 44.85M shares, out of which, 41.92M shares are available for trading.
Stock saw a price change of 0.88% in past 5 days and over the past one month there was a price change of 24.34%. Year-to-date (YTD), AAOI shares are showing a performance of 75.83% which increased to 50.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.70 but also hit the highest price of $44.50 during that period. The average intraday trading volume for Applied Optoelectronics Inc shares is 3.55 million. The stock is currently trading -7.38% below its 20-day simple moving average (SMA20), while that difference is up 27.19% for SMA50 and it goes to 125.00% higher than SMA200.
Applied Optoelectronics Inc (NASDAQ: AAOI) currently have 44.85M outstanding shares and institutions hold larger chunk of about 67.63% of that.
The stock has a current market capitalization of $1.53B and its 3Y-monthly beta is at 2.39. It has posted earnings per share of -$2.07 in the same period. It has Quick Ratio of 1.06 while making debt-to-equity ratio of 0.57. 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 11.27% while standing at 12.13% over the month.
Stock’s fiscal year EPS is expected to drop by -92.08% while it is estimated to increase by 213.26% in next year.
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 December 10, 2024 offering a Sell rating for the stock and assigned a target price range of between $14 and $14 to it. Coverage by Raymond James stated Applied Optoelectronics Inc (AAOI) stock as an Outperform in their note to investors on September 03, 2024, suggesting a price target of $17 for the stock. On February 23, 2024, B. Riley Securities Downgrade their recommendations, while on January 30, 2024, Rosenblatt Initiated their ratings for the stock with a price target of $23. Stock get a Buy rating from B. Riley Securities on December 13, 2023.
