The 36-month beta value for AAOI is at 2.09. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 as “hold,” and 2 as “sell.”
The public float for AAOI is 35.57M, and currently, shorts hold a 25.60% of that float. The average trading volume for AAOI on April 17, 2024 was 2.86M shares.
AAOI) stock’s latest price update
The stock of Applied Optoelectronics Inc (NASDAQ: AAOI) has increased by 7.44 when compared to last closing price of 11.16.Despite this, the company has seen a loss of -0.91% in its stock price over the last five trading days. InvestorPlace reported 2024-04-08 that It may sound counterintuitive but if you want big gains, you have to think small, as in small-cap stocks. Here, the idea is to trade predictability for maximum profit potential.
AAOI’s Market Performance
AAOI’s stock has fallen by -0.91% in the past week, with a monthly drop of -5.59% and a quarterly drop of -30.65%. The volatility ratio for the week is 6.10% while the volatility levels for the last 30 days are 5.51% for Applied Optoelectronics Inc The simple moving average for the last 20 days is -9.34% for AAOI’s stock, with a simple moving average of -10.12% for the last 200 days.
Analysts’ Opinion of AAOI
Many brokerage firms have already submitted their reports for AAOI stocks, with B. Riley Securities repeating the rating for AAOI by listing it as a “Neutral.” The predicted price for AAOI in the upcoming period, according to B. Riley Securities is $16 based on the research report published on February 23, 2024 of the current year 2024.
Rosenblatt, on the other hand, stated in their research note that they expect to see AAOI reach a price target of $23. The rating they have provided for AAOI stocks is “Buy” according to the report published on January 30th, 2024.
B. Riley Securities gave a rating of “Buy” to AAOI, setting the target price at $22 in the report published on December 13th of the previous year.
AAOI Trading at -22.79% from the 50-Day Moving Average
After a stumble in the market that brought AAOI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.56% of loss for the given period.
Volatility was left at 5.51%, however, over the last 30 days, the volatility rate increased by 6.10%, as shares sank -7.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.33% lower at present.
During the last 5 trading sessions, AAOI fell by -0.91%, which changed the moving average for the period of 200-days by +120.81% in comparison to the 20-day moving average, which settled at $13.18. In addition, Applied Optoelectronics Inc saw -37.94% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AAOI starting from Lin Che-Wei, who purchase 31,370 shares at the price of $12.70 back on Mar 18 ’24. After this action, Lin Che-Wei now owns 220,133 shares of Applied Optoelectronics Inc, valued at $398,283 using the latest closing price.
Lin Chih-Hsiang (Thompson), the President and CEO of Applied Optoelectronics Inc, purchase 11,780 shares at $12.66 during a trade that took place back on Mar 18 ’24, which means that Lin Chih-Hsiang (Thompson) is holding 1,218,160 shares at $149,169 based on the most recent closing price.
Stock Fundamentals for AAOI
Current profitability levels for the company are sitting at:
- -0.19 for the present operating margin
- 0.27 for the gross margin
The net margin for Applied Optoelectronics Inc stands at -0.28. The total capital return value is set at -0.14. Equity return is now at value -28.06, with -14.06 for asset returns.
Based on Applied Optoelectronics Inc (AAOI), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at -0.07. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is -7.57.
Currently, EBITDA for the company is -26.84 million with net debt to EBITDA at -2.37. When we switch over and look at the enterprise to sales, we see a ratio of 2.46. The receivables turnover for the company is 4.51for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.85.
Conclusion
In conclusion, Applied Optoelectronics Inc (AAOI) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
