Moreover, the 36-month beta value for AAOI is 2.06. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 2 as “sell.”
The public float for AAOI is 35.57M and currently, short sellers hold a 25.60% of that float. On April 23, 2024, AAOI’s average trading volume was 2.84M shares.
AAOI) stock’s latest price update
Applied Optoelectronics Inc (NASDAQ: AAOI) has seen a decline in its stock price by -8.17 in relation to its previous close of 12.12. However, the company has experienced a -0.27% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-19 that 7 Microcaps To Buy Ahead Of Possible Russell 2000 Inclusion
AAOI’s Market Performance
Applied Optoelectronics Inc (AAOI) has experienced a -0.27% fall in stock performance for the past week, with a -25.40% drop in the past month, and a -34.91% drop in the past quarter. The volatility ratio for the week is 10.85%, and the volatility levels for the past 30 days are at 6.26% for AAOI. The simple moving average for the past 20 days is -13.15% for AAOI’s stock, with a -17.29% simple moving average for the past 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 -25.51% 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 -55.03% of loss for the given period.
Volatility was left at 6.26%, however, over the last 30 days, the volatility rate increased by 10.85%, as shares sank -24.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.08% lower at present.
During the last 5 trading sessions, AAOI fell by -0.27%, which changed the moving average for the period of 200-days by +70.97% in comparison to the 20-day moving average, which settled at $12.64. In addition, Applied Optoelectronics Inc saw -42.39% 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 2.31. 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
To wrap up, the performance of Applied Optoelectronics Inc (AAOI) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
