In the last trading session, 3.2 million Applied Optoelectronics Inc (NASDAQ:AAOI) shares changed hands as the company’s beta touched 2.35. With the company’s per share price at $25.83 changed hands at -$2.09 or -7.49% during last session, the market valuation stood at $1.24B. AAOI’s last price was a discount, traded about -72.28% off its 52-week high of $44.50. The share price had its 52-week low at $6.70, which suggests the last value was 74.06% up since then. When we look at Applied Optoelectronics Inc’s average trading volume, we note the 10-day average is 3.31 million shares, with the 3-month average coming to 3.85 million.
Analysts gave the Applied Optoelectronics Inc (AAOI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.17. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended AAOI as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
Applied Optoelectronics Inc (NASDAQ:AAOI) trade information
Instantly AAOI was in red as seen at the end of in last trading. With action 5.26%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -29.92%, with the 5-day performance at 5.26% in the green. However, in the 30-day time frame, Applied Optoelectronics Inc (NASDAQ:AAOI) is -29.92% down. Looking at the short shares, we see there were 8.46 million shares sold at short interest cover period of 2.97 days.
The consensus price target for the stock as assigned by Wall Street analysts is 17, meaning bulls need a downside of -51.94% from its current market value. According to analyst projections, AAOI’s forecast low is 17 with 17 as the target high. To hit the forecast high, the stock’s price needs a 34.19% surge from its current level, while the stock would need to tank 34.19% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -74.26%. The 2025 estimates are for Applied Optoelectronics Inc earnings to decrease by -92.82%.
AAOI Dividends
Applied Optoelectronics Inc is expected to release its next quarterly earnings report in March.
Applied Optoelectronics Inc (NASDAQ:AAOI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.73% of Applied Optoelectronics Inc shares while 69.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.44%. There are 69.01% institutions holding the Applied Optoelectronics Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.8533% of the shares, roughly 3.01 million AAOI shares worth $24.98 million.
AMERIPRISE FINANCIAL INC holds the second largest percentage of outstanding shares, with 5.6214% or 2.16 million shares worth $17.88 million as of 2024-06-30.
