In the latest trading session, 0.51 million Applied Optoelectronics Inc (NASDAQ:AAOI) shares changed hands as the company’s beta touched 2.05. With the company’s most recent per share price at $14.70 changing hands around $0.02 or 0.16% at last look, the market valuation stands at $564.60M. AAOI’s current price is a discount, trading about -68.37% off its 52-week high of $24.75. The share price had its 52-week low at $1.60, which suggests the last value was 89.12% up since then. When we look at Applied Optoelectronics Inc’s average trading volume, we note the 10-day average is 1.78 million shares, with the 3-month average coming to 3.29 million.
Applied Optoelectronics Inc (NASDAQ:AAOI) trade information
Instantly AAOI is in green as seen in intraday trades today. With action 13.27%, the performance over the past five days has been green. The jump to weekly highs of 15.22 added 0.16% to the stock’s daily price. The company’s shares are showing year-to-date downside of -23.90%, with the 5-day performance at 13.27% in the green. However, in the 30-day time frame, Applied Optoelectronics Inc (NASDAQ:AAOI) is 3.91% up. Looking at the short shares, we see there were 9.15 million shares sold at short interest cover period of 2.05 days.
Applied Optoelectronics Inc (AAOI) estimates and forecasts
Data shows that the Applied Optoelectronics Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 53.48% over the past 6 months, a 107.14% in annual growth rate that is considerably higher than the industry average of 1.40%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Applied Optoelectronics Inc will fall -16.00%, while the growth in revenue is estimated to hit 42.90% for the next quarter. Year-over-year growth is forecast to reach 32.30% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $43.59 million. 4 analysts are of the opinion that Applied Optoelectronics Inc’s revenue for the quarter ending Jun 2024 will be $57.19 million. The company’s revenue for the corresponding quarters a year ago was $53.03 million and $45.43 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -17.80%. The estimates for the next quarter sales put growth at 25.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -74.26%. The 2024 estimates are for Applied Optoelectronics Inc earnings to increase by 77.60%, but the outlook for the next 5-year period is at 13.00% per year.
AAOI Dividends
Applied Optoelectronics Inc is expected to release its next quarterly earnings report between May 02 and May 06.
Applied Optoelectronics Inc (NASDAQ:AAOI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.24% of Applied Optoelectronics Inc shares while 67.87% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 70.88%. There are 67.87% institutions holding the Applied Optoelectronics Inc stock share, with Driehaus Capital Management, LLC the top institutional holder. As of Dec 30, 2023, the company held 7.20% of the shares, roughly 2.77 million AAOI shares worth $40.97 million.
Portolan Capital Management, LLC holds the second largest percentage of outstanding shares, with 4.01% or 1.54 million shares worth $22.79 million as of Dec 30, 2023.
Among Mutual Funds, the top two as of Dec 30, 2023 were Vanguard Total Stock Market Index Fund and Oberweis Micro-Cap Portfolio. With 0.94 million shares estimated at $13.98 million under it, the former controlled 2.46% of total outstanding shares. On the other hand, Oberweis Micro-Cap Portfolio held about 2.21% of the shares, roughly 0.85 million shares worth around $12.58 million.
