In the last trading session, 5.8 million Applied Optoelectronics Inc (NASDAQ:AAOI) shares changed hands as the company’s beta touched 2.33. With the company’s per share price at $27.32 changed hands at $0.28 or 1.04% during last session, the market valuation stood at $1.31B. AAOI’s last price was a discount, traded about -62.88% 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 75.48% up since then.
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’s EPS for the current quarter is expected to be -0.02.
Applied Optoelectronics Inc (NASDAQ:AAOI) trade information
Instantly AAOI was in green as seen at the end of in last trading. With action 5.48%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -25.88%, with the 5-day performance at 5.48% in the green. However, in the 30-day time frame, Applied Optoelectronics Inc (NASDAQ:AAOI) is -15.94% down.
The consensus price target for the stock as assigned by Wall Street analysts is 17, meaning bulls need a downside of -60.71% 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 37.77% surge from its current level, while the stock would need to tank 37.77% for it to hit the projected low.
Applied Optoelectronics Inc (AAOI) estimates and forecasts
Year-over-year growth is forecast to reach 14.43% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 99.92M. 4 analysts are of the opinion that Applied Optoelectronics Inc’s revenue for the current quarter will be 98.53M. The company’s revenue for the corresponding quarters a year ago was 60.45M and 40.67M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 65.29%. The estimates for the next quarter sales put growth at 142.26%.
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 -92.63%.
AAOI Dividends
Applied Optoelectronics Inc is expected to release its next quarterly earnings report in March.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.6175% or 2.15 million shares worth $17.86 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 1.34 shares estimated at $36.69 million under it, the former controlled 2.87% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.25% of the shares, roughly 1.06 shares worth around $28.85 million.
