The stock of Applied Optoelectronics Inc (AAOI) has gone up by 12.72% for the week, with a 49.28% rise in the past month and a 21.27% rise in the past quarter. The volatility ratio for the week is 9.99%, and the volatility levels for the past 30 days are 8.55% for AAOI. The simple moving average for the past 20 days is 32.94% for AAOI’s stock, with a -4.28% simple moving average for the past 200 days.
Is It Worth Investing in Applied Optoelectronics Inc (NASDAQ: AAOI) Right Now?
Moreover, the 36-month beta value for AAOI is 1.92. 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.”
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The public float for AAOI is 37.38M and currently, short sellers hold a 27.80% of that float. On September 09, 2024, AAOI’s average trading volume was 2.20M shares.
AAOI) stock’s latest price update
The stock of Applied Optoelectronics Inc (NASDAQ: AAOI) has increased by 8.33 when compared to last closing price of 11.81. Despite this, the company has experienced a 12.72% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-27 that Applied Optoelectronics reported mixed Q2/2024 results, with revenue in line but gross margins below expectations, and continued negative free cash flow. The company continued to sell newly issued shares into the open market, thus resulting in substantial dilution for common equity holders. Following substantial delays, revenues under two supply agreements with key customer Microsoft are expected to ramp in the second half of the year.
Analysts’ Opinion of AAOI
Many brokerage firms have already submitted their reports for AAOI stocks, with Raymond James repeating the rating for AAOI by listing it as a “Outperform.” The predicted price for AAOI in the upcoming period, according to Raymond James is $17 based on the research report published on September 03, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see AAOI reach a price target of $16, previously predicting the price at $22. The rating they have provided for AAOI stocks is “Neutral” according to the report published on February 23rd, 2024.
Rosenblatt gave a rating of “Buy” to AAOI, setting the target price at $23 in the report published on January 30th of the current year.
AAOI Trading at 40.20% 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 -48.31% of loss for the given period.
Volatility was left at 8.55%, however, over the last 30 days, the volatility rate increased by 9.99%, as shares surge +65.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +50.23% upper at present.
During the last 5 trading sessions, AAOI rose by +12.78%, which changed the moving average for the period of 200-days by -11.48% in comparison to the 20-day moving average, which settled at $9.88. In addition, Applied Optoelectronics Inc saw -33.78% 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 Yeh William H, who purchase 9,800 shares at the price of $10.54 back on May 14 ’24. After this action, Yeh William H now owns 217,055 shares of Applied Optoelectronics Inc, valued at $103,292 using the latest closing price.
Yeh William H, the Director of Applied Optoelectronics Inc, purchase 8,000 shares at $12.75 during a trade that took place back on Mar 18 ’24, which means that Yeh William H is holding 207,255 shares at $102,000 based on the most recent closing price.
Stock Fundamentals for AAOI
Current profitability levels for the company are sitting at:
- -0.29 for the present operating margin
- 0.28 for the gross margin
The net margin for Applied Optoelectronics Inc stands at -0.35. The total capital return value is set at -0.22. Equity return is now at value -41.23, with -20.46 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 -0.42. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is -13.11.
Currently, EBITDA for the company is -26.84 million with net debt to EBITDA at -1.82. When we switch over and look at the enterprise to sales, we see a ratio of 3.0. The receivables turnover for the company is 3.56for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.
Conclusion
To wrap up, the performance of Applied Optoelectronics Inc (AAOI) has been better 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.
