Applied Optoelectronics Inc (NASDAQ: AAOI) has seen a rise in its stock price by 16.14 in relation to its previous close of 36.42. However, the company has experienced a 19.15% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-26 that SUGAR LAND, Texas, Nov. 26, 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 the Company will present via a fireside chat at the following investor conference:
Is It Worth Investing in Applied Optoelectronics Inc (NASDAQ: AAOI) Right Now?
Moreover, the 36-month beta value for AAOI is 2.25. 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 41.55M and currently, short sellers hold a 23.66% of that float. On November 29, 2024, AAOI’s average trading volume was 3.28M shares.
AAOI’s Market Performance
AAOI stock saw an increase of 19.15% in the past week, with a monthly gain of 158.72% and a quarterly increase of 272.69%. The volatility ratio for the week is 10.46%, and the volatility levels for the last 30 days are 11.19% for Applied Optoelectronics Inc (AAOI). The simple moving average for the last 20 days is 49.00% for AAOI stock, with a simple moving average of 205.43% 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 100.81% 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 able to rebound, for now settling with 6.79% of gains for the given period.
Volatility was left at 11.19%, however, over the last 30 days, the volatility rate increased by 10.46%, as shares surge +173.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +200.60% upper at present.
During the last 5 trading sessions, AAOI rose by +20.24%, which changed the moving average for the period of 200-days by +104.43% in comparison to the 20-day moving average, which settled at $28.41. In addition, Applied Optoelectronics Inc saw 118.94% 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 8,162 shares at the price of $37.18 back on Nov 26 ’24. After this action, BLACK RICHARD B now owns shares of Applied Optoelectronics Inc, valued at $303,430 using the latest closing price.
Murry Stefan J., the Chief Financial Officer of Applied Optoelectronics Inc, sale 5,000 shares at $31.56 during a trade that took place back on Nov 20 ’24, which means that Murry Stefan J. is holding 216,129 shares at $157,784 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 9.41. 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
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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
