Applied Optoelectronics Inc (NASDAQ:AAOI)’s traded shares stood at 2.12 million during the last session, with the company’s beta value hitting 1.98. At the close of trading, the stock’s price was $17.01, to imply a decrease of -3.52% or -$0.62 in intraday trading. The AAOI share’s 52-week high remains $24.75, putting it -45.5% down since that peak but still an impressive 60.85% since price per share fell to its 52-week low of $6.66. The company has a valuation of $695.71M, with an average of 2.59 million shares in intraday trading volume over the past 10 days and average of 2.45 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Applied Optoelectronics Inc (AAOI), translating to a mean rating of 1.75. Of 1 analyst(s) looking at the stock, 0 analyst(s) give AAOI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.17.
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Applied Optoelectronics Inc (NASDAQ:AAOI) trade information
After registering a -3.52% downside in the last session, Applied Optoelectronics Inc (AAOI) has traded red over the past five days. The 5-day price performance for the stock is -10.33%, and 6.45% over 30 days. With these gigs, the year-to-date price performance is -11.96%. Short interest in Applied Optoelectronics Inc (NASDAQ:AAOI) saw shorts transact 11.02 million shares and set a 3.86 days time to cover.
The extremes give us $11.5 and $23 for target low and target high price respectively. As such, AAOI has been trading -35.21% off suggested target high and 32.39% from its likely low.
Applied Optoelectronics Inc (AAOI) estimates and forecasts
Looking at statistics comparing Applied Optoelectronics Inc share performance against respective industry, we note that the company has underperformed competitors. Applied Optoelectronics Inc (AAOI) shares are 56.77% up over the last 6 months, with its year-to-date growth rate lower than industry average at -61.90% against -3.30%. Revenue is forecast to shrink -240.00% this quarter before jumping 50.00% for the next one. The rating firms project that company’s revenue will grow 12.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 62.6M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 98.55M.Earnings reports from the last fiscal year show that sales brought in 62.55M and 60.45M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 0.10% before jumping 63.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -74.26% for the past 5-year period. While 2024 is set for a -60.40% return in earnings, projections for the next 5 years are at 13.00% annually.
AAOI Dividends
Applied Optoelectronics Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Applied Optoelectronics Inc (NASDAQ:AAOI)’s Major holders
Applied Optoelectronics Inc insiders hold 5.73% of total outstanding shares, with institutional holders owning 71.72% of the shares at 76.08% float percentage. In total, 71.72% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 3.01 million shares (or 7.8533% of shares), all amounting to roughly $24.98 million.
The next major institution holding the largest number of shares is AMERIPRISE FINANCIAL INC with 2.16 million shares, or about 5.6214% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $17.88 million.
