Applied Optoelectronics Inc (NASDAQ:AAOI) has a beta value of 1.96 and has seen 2.3 million shares traded in the last trading session. The company, currently valued at $742.47M, closed the last trade at $16.84 per share which meant it gained $1.22 on the day or 7.81% during that session. The AAOI stock price is -46.97% off its 52-week high price of $24.75 and 60.21% above the 52-week low of $6.70. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.22 million shares traded. The 3-month trading volume is 2.48 million shares.
The consensus among analysts is that Applied Optoelectronics Inc (AAOI) is Buy stock at the moment, with a recommendation rating of 1.75. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.17.
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Applied Optoelectronics Inc (NASDAQ:AAOI) trade information
Sporting 7.81% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AAOI stock price touched $16.84 or saw a rise of 5.39%. Year-to-date, Applied Optoelectronics Inc shares have moved -12.84%, while the 5-day performance has seen it change -3.44%. Over the past 30 days, the shares of Applied Optoelectronics Inc (NASDAQ:AAOI) have changed 18.63%. Short interest in the company has seen 10.92 million shares shorted with days to cover at 4.44.
Wall Street analysts have a consensus price target for the stock at $17.5, which means that the shares’ value could jump 3.77% from current levels. The projected low price target is $11.5 while the price target rests at a high of $23.0. In that case, then, we find that the current price level is -36.58% off the targeted high while a plunge would see the stock lose 31.71% from current levels.
Applied Optoelectronics Inc (AAOI) estimates and forecasts
Figures show that Applied Optoelectronics Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 52.12% over the past 6 months, with this year growth rate of -61.90%, compared to -3.50% for the industry. Revenue growth from the last financial year stood is estimated to be 12.60%.
4 analysts offering their estimates for the company have set an average revenue estimate of 62.6M for the current quarter. 4 have an estimated revenue figure of 98.55M for the next ending quarter. Year-ago sales stood 62.55M and 60.45M respectively for this quarter and the next, and analysts expect sales will grow by 0.10% for the current quarter and 12.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -74.26% over the past 5 years. Earnings growth for 2024 is a modest -60.40% while over the next 5 years, the company’s earnings are expected to increase by 13.00%.
AAOI Dividends
Applied Optoelectronics Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Applied Optoelectronics Inc (NASDAQ:AAOI)’s Major holders
Insiders own 5.73% of the company shares, while shares held by institutions stand at 73.18% with a share float percentage of 77.62%. Investors are also buoyed by the number of investors in a company, with Applied Optoelectronics Inc having a total of 185.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 3.01 million shares worth more than $24.98 million. As of 2024-06-30, BLACKROCK INC. held 7.8533% of shares outstanding.
The other major institutional holder is AMERIPRISE FINANCIAL INC, with the holding of over 2.16 million shares as of 2024-06-30. The firm’s total holdings are worth over $17.88 million and represent 5.6214% of shares outstanding.
