Applied Optoelectronics Inc (NASDAQ:AAOI)’s traded shares stood at 1.82 million during the last session, with the company’s beta value hitting 2.39. At the close of trading, the stock’s price was $39.82, to imply an increase of 8.44% or $3.1 in intraday trading. The AAOI share’s 52-week high remains $44.50, putting it -11.75% down since that peak but still an impressive 83.17% since price per share fell to its 52-week low of $6.70. The company has a valuation of $2.07B, with an average of 3.47 million shares in intraday trading volume over the past 10 days and average of 3.70 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 2.20. 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 -0.02.
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Applied Optoelectronics Inc (NASDAQ:AAOI) trade information
After registering a 8.44% upside 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 24.51%, and 5.24% over 30 days. With these gigs, the year-to-date price performance is 106.94%. Short interest in Applied Optoelectronics Inc (NASDAQ:AAOI) saw shorts transact 9.27 million shares and set a 2.05 days time to cover.
The extremes give us $17 and $17 for target low and target high price respectively. As such, AAOI has been trading 57.31% off suggested target high and 57.31% 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 369.80% up over the last 6 months, with its year-to-date growth rate lower than industry average at -92.86% against -1.50%. The rating firms project that company’s revenue will grow 14.43% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 99.92M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 101.36M.Earnings reports from the last fiscal year show that sales brought in 60.45M and 40.67M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 65.29% before jumping 149.21% in the following quarter.
AAOI Dividends
Applied Optoelectronics Inc has its next earnings report out in January. 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 4.88% of total outstanding shares, with institutional holders owning 65.61% of the shares at 68.97% float percentage. In total, 65.61% 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.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Applied Optoelectronics Inc (AAOI) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 1.34 shares. This is just over 2.87% of the total shares, with a market valuation of $53.48 million. Data from the same date shows that the other fund manager holds a little less at 954.02, or 2.04% of the shares, all valued at about 37.99 million.
