In the last trading session, 5.75 million shares of the Applied Optoelectronics Inc (NASDAQ:AAOI) were traded, and its beta was 2.35. Most recently the company’s share price was $21.86, and it changed around -$2.18 or -9.07% from the last close, which brings the market valuation of the company to $1.05B. AAOI currently trades at a discount to its 52-week high of $44.50, offering almost -103.57% off that amount. The share price’s 52-week low was $6.70, which indicates that the current value has risen by an impressive 69.35% since then.
Applied Optoelectronics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 1 out of 5 analysts rate the stock as a Sell; another 2 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 is expected to report earnings per share of -0.04 for the current quarter.
Applied Optoelectronics Inc (NASDAQ:AAOI) trade information
Instantly AAOI has showed a red trend with a performance of -9.07% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 31.00 on recent trading dayincreased the stock’s daily price by 29.48%. The company’s shares are currently down -40.69% year-to-date, but still down -19.16% over the last five days. On the other hand, Applied Optoelectronics Inc (NASDAQ:AAOI) is -17.60% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $17, which translates to bulls needing to decrease their stock price by -28.59% from its current value. Analyst projections state that AAOI is forecast to be at a low of $17 and a high of $17.
Applied Optoelectronics Inc (AAOI) estimates and forecasts
The year-over-year growth rate is expected to be 112.52%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 99.37M in revenue for the current quarter. 4 analysts expect Applied Optoelectronics Inc to make 114.62M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 40.67M and 43.27M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 144.32%. Forecasts for the next quarter put sales growth at 164.90%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -6.34%.
AAOI Dividends
Applied Optoelectronics Inc’s next quarterly earnings report is expected to be released in April.
VANGUARD GROUP INC, with 5.6175% or 2.15 million shares worth $17.86 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
