In the last trading session, 1.51 million shares of the Applied Optoelectronics Inc (NASDAQ:AAOI) were traded, and its beta was 2.32. Most recently the company’s share price was $29.61, and it changed around -$0.77 or -2.53% from the last close, which brings the market valuation of the company to $1.42B. AAOI currently trades at a discount to its 52-week high of $44.50, offering almost -50.29% off that amount. The share price’s 52-week low was $6.70, which indicates that the current value has risen by an impressive 77.37% since then. We note from Applied Optoelectronics Inc’s average daily trading volume that its 10-day average is 3.08 million shares, with the 3-month average coming to 3.89 million.
Applied Optoelectronics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.17. If we narrow it down even further, the data shows that 1 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended AAOI as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.
Applied Optoelectronics Inc (NASDAQ:AAOI) trade information
Instantly AAOI has showed a red trend with a performance of -2.53% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 30.80 on recent trading dayincreased the stock’s daily price by 3.86%. The company’s shares are currently down -19.67% year-to-date, but still up 6.05% over the last five days. On the other hand, Applied Optoelectronics Inc (NASDAQ:AAOI) is -10.22% down in the 30-day period. We can see from the shorts that 8.46 million shares have been sold at a short interest cover period of 2.97 day(s).
The consensus price target as assigned by Wall Street analysts is $17, which translates to bulls needing to decrease their stock price by -74.18% from its current value. Analyst projections state that AAOI is forecast to be at a low of $17 and a high of $17.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -74.26%.
AAOI Dividends
Applied Optoelectronics Inc’s next quarterly earnings report is expected to be released in March.
Applied Optoelectronics Inc (NASDAQ:AAOI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.10% of Applied Optoelectronics Inc shares, and 70.20% of them are in the hands of institutional investors. The stock currently has a share float of 73.98%. Applied Optoelectronics Inc stock is held by 200.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.8533% of the shares, which is about 3.01 million shares worth $24.98 million.
AMERIPRISE FINANCIAL INC, with 5.6214% or 2.16 million shares worth $17.88 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 1.34 shares worth $39.76 million, making up 2.87% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.06 shares worth around $31.27 million, which represents about 2.25% of the total shares outstanding.
