The 36-month beta value for AAOI is at 2.02. 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 41.48M, and currently, shorts hold a 26.07% of that float. The average trading volume for AAOI on November 18, 2024 was 2.99M shares.
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AAOI) stock’s latest price update
Applied Optoelectronics Inc (NASDAQ: AAOI)’s stock price has plunge by 6.33relation to previous closing price of 26.80. Nevertheless, the company has seen a 0.73% surge in its stock price over the last five trading sessions. 247wallst.com reported 2024-11-15 that It’s hard to tell what the next big thing in artificial intelligence (AI) will be.
AAOI’s Market Performance
Applied Optoelectronics Inc (AAOI) has seen a 0.73% rise in stock performance for the week, with a 53.45% gain in the past month and a 224.55% surge in the past quarter. The volatility ratio for the week is 8.20%, and the volatility levels for the past 30 days are at 9.93% for AAOI. The simple moving average for the past 20 days is 38.01% for AAOI’s stock, with a 115.95% simple moving average for the past 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 63.10% 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 -2.31% of loss for the given period.
Volatility was left at 9.93%, however, over the last 30 days, the volatility rate increased by 8.20%, as shares surge +52.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +116.90% upper at present.
During the last 5 trading sessions, AAOI fell by -0.18%, which changed the moving average for the period of 200-days by +49.97% in comparison to the 20-day moving average, which settled at $20.64. In addition, Applied Optoelectronics Inc saw 47.49% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AAOI starting from BLACK RICHARD B, who proposed sale 30,000 shares at the price of $27.23 back on Nov 15 ’24. After this action, BLACK RICHARD B now owns shares of Applied Optoelectronics Inc, valued at $816,900 using the latest closing price.
Chen Min-Chu (Mike), the Director of Applied Optoelectronics Inc, proposed sale 9,790 shares at $27.18 during a trade that took place back on Nov 14 ’24, which means that Chen Min-Chu (Mike) is holding shares at $266,092 based on the most recent closing price.
Stock Fundamentals for AAOI
Current profitability levels for the company are sitting at:
- -0.33 for the present operating margin
- 0.26 for the gross margin
The net margin for Applied Optoelectronics Inc stands at -0.39. The total capital return value is set at -0.24. Equity return is now at value -41.44, with -20.64 for asset returns.
Based on Applied Optoelectronics Inc (AAOI), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at -0.4. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is -8.41.
Currently, EBITDA for the company is -26.18 million with net debt to EBITDA at -1.45. When we switch over and look at the enterprise to sales, we see a ratio of 6.63. The receivables turnover for the company is 2.79for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.61.
Conclusion
In conclusion, Applied Optoelectronics Inc (AAOI) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
