During the recent session, Applied Optoelectronics Inc (NASDAQ:AAOI)’s traded shares were 2.09 million, with the beta value of the company hitting 2.39. At the last check today, the stock’s price was $36.61, reflecting an intraday gain of 10.94% or $3.61. The 52-week high for the AAOI share is $44.50, that puts it down -21.55 from that peak though still a striking 81.7% gain since the share price plummeted to a 52-week low of $6.70. The company’s market capitalization is $1.65B, and the average intraday trading volume over the past 10 days was 4.65 million shares, and the average trade volume was 3.49 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 2.20. 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.
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Applied Optoelectronics Inc (NASDAQ:AAOI) trade information
Applied Optoelectronics Inc (AAOI) registered a 10.94% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 10.94% in intraday trading to $36.61, hitting a weekly high. The stock’s 5-day price performance is -5.84%, and it has moved by 34.30% in 30 days. Based on these gigs, the overall price performance for the year is 69.33%. The short interest in Applied Optoelectronics Inc (NASDAQ:AAOI) is 9.27 million shares and it means that shorts have 2.05 day(s) to cover.
The consensus price target of analysts on Wall Street is $17, which implies a decrease of -115.35% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $17 and $17 respectively. As a result, AAOI is trading at a premium of 53.56% off the target high and 53.56% 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 263.19% during the last six months, with a year-to-date growth rate less than the industry average at -92.86% against -0.90.
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 -92.08% in 2024.
AAOI Dividends
Applied Optoelectronics Inc is due to release its next quarterly earnings in January. 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 5.07% of total outstanding shares while institutional holders control 68.26%, with the float percentage being 71.90%. BLACKROCK INC. is the largest shareholder of the company, while 191.0 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.
