During the last session, Applied Optoelectronics Inc (NASDAQ:AAOI)’s traded shares were 1.73 million, with the beta value of the company hitting 1.97. At the end of the trading day, the stock’s price was $15.62, reflecting an intraday loss of -4.46% or -$0.73. The 52-week high for the AAOI share is $24.75, that puts it down -58.45 from that peak though still a striking 57.11% gain since the share price plummeted to a 52-week low of $6.70. The company’s market capitalization is $638.79M, and the average intraday trading volume over the past 10 days was 2.26 million shares, and the average trade volume was 2.51 million shares over the past three months.
Applied Optoelectronics Inc (AAOI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.75. AAOI has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.17.
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Applied Optoelectronics Inc (NASDAQ:AAOI) trade information
Applied Optoelectronics Inc (AAOI) registered a -4.46% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.46% in intraday trading to $15.62, hitting a weekly high. The stock’s 5-day price performance is -10.49%, and it has moved by 13.60% in 30 days. Based on these gigs, the overall price performance for the year is 110.23%. The short interest in Applied Optoelectronics Inc (NASDAQ:AAOI) is 10.92 million shares and it means that shorts have 4.44 day(s) to cover.
The consensus price target of analysts on Wall Street is $17.5, which implies an increase of 10.74% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11.5 and $23 respectively. As a result, AAOI is trading at a discount of -47.25% off the target high and 26.38% off the low.
Applied Optoelectronics Inc (AAOI) estimates and forecasts
Statistics show that Applied Optoelectronics Inc has underperformed its competitors in share price, compared to the industry in which it operates. Applied Optoelectronics Inc (AAOI) shares have gone up 50.92% during the last six months, with a year-to-date growth rate less than the industry average at -61.90% against -3.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -240.00% this quarter and then jump 50.00% in the quarter after that. In the rating firms’ projections, revenue will increase 12.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 62.6M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 98.55M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 62.55M and 60.45M respectively. In this case, analysts expect current quarter sales to grow by 0.10% and then jump by 63.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -74.26%. While earnings are projected to return -60.40% in 2024, the next five years will return 13.00% per annum.
AAOI Dividends
Applied Optoelectronics Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Applied Optoelectronics Inc (NASDAQ:AAOI)’s Major holders
Applied Optoelectronics Inc insiders own 5.73% of total outstanding shares while institutional holders control 72.14%, with the float percentage being 76.52%. BLACKROCK INC. is the largest shareholder of the company, while 184.0 institutions own stock in it. As of 2024-06-30, the company held over 3.01 million shares (or 7.8533% of all shares), a total value of $24.98 million in shares.
The next largest institutional holding, with 2.16 million shares, is of AMERIPRISE FINANCIAL INC’s that is approximately 5.6214% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $17.88 million.
