Applied Optoelectronics Inc (NASDAQ: AAOI) Stock Dropped -13.66% Over A Month – Is There Any Hope Of A Gain?

During the last session, Applied Optoelectronics Inc (NASDAQ:AAOI)’s traded shares were 2.73 million, with the beta value of the company hitting 2.32. At the end of the trading day, the stock’s price was $25.03, reflecting an intraday loss of -10.13% or -$2.82. The 52-week high for the AAOI share is $44.50, that puts it down -77.79 from that peak though still a striking 73.23% gain since the share price plummeted to a 52-week low of $6.70. The company’s market capitalization is $1.20B, and the average intraday trading volume over the past 10 days was 2.65 million shares, and the average trade volume was 3.44 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 2.17. 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.

Applied Optoelectronics Inc (NASDAQ:AAOI) trade information

Applied Optoelectronics Inc (AAOI) registered a -10.13% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -10.13% in intraday trading to $25.03, hitting a weekly high. The stock’s 5-day price performance is -11.12%, and it has moved by -13.66% in 30 days. Based on these gigs, the overall price performance for the year is 24.96%. The short interest in Applied Optoelectronics Inc (NASDAQ:AAOI) is 9.55 million shares and it means that shorts have 3.25 day(s) to cover.

The consensus price target of analysts on Wall Street is $17, which implies a decrease of -47.24% 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 32.08% off the target high and 32.08% off the low.

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 -92.82% in 2025.

AAOI Dividends

Applied Optoelectronics Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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.