Applied Optoelectronics Inc (NASDAQ: AAOI) has seen a decline in its stock price by -4.73 in relation to its previous close of 18.51. However, the company has experienced a 1.35% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-17 that SUGAR LAND, Texas, Oct. 17, 2024 (GLOBE NEWSWIRE) — Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced that it will release financial results for its third quarter ended September 30, 2024 on Thursday, November 7, 2024.
Is It Worth Investing in Applied Optoelectronics Inc (NASDAQ: AAOI) Right Now?
Additionally, the 36-month beta value for AAOI is 1.98. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 2 rating it as “sell.”
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The public float for AAOI is 37.56M and currently, short sellers hold a 29.35% ratio of that float. The average trading volume of AAOI on October 22, 2024 was 2.45M shares.
AAOI’s Market Performance
The stock of Applied Optoelectronics Inc (AAOI) has seen a 1.35% increase in the past week, with a 25.43% rise in the past month, and a 96.82% gain in the past quarter. The volatility ratio for the week is 8.98%, and the volatility levels for the past 30 days are at 9.48% for AAOI. The simple moving average for the last 20 days is 8.37% for AAOI stock, with a simple moving average of 36.89% for the last 200 days.
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 31.97% 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 -28.75% of loss for the given period.
Volatility was left at 9.48%, however, over the last 30 days, the volatility rate increased by 8.98%, as shares surge +12.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +128.03% upper at present.
During the last 5 trading sessions, AAOI rose by +2.87%, which changed the moving average for the period of 200-days by -11.17% in comparison to the 20-day moving average, which settled at $16.29. In addition, Applied Optoelectronics Inc saw -8.72% 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 Kuo David C, who sale 10,000 shares at the price of $15.02 back on Sep 24 ’24. After this action, Kuo David C now owns 132,921 shares of Applied Optoelectronics Inc, valued at $150,150 using the latest closing price.
Kuo David C, the Officer of Applied Optoelectronics Inc, proposed sale 10,000 shares at $15.02 during a trade that took place back on Sep 24 ’24, which means that Kuo David C is holding shares at $150,150 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 3.93. 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
In conclusion, Applied Optoelectronics Inc (AAOI) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
