In the latest trading session, 2.11 million Applied Optoelectronics Inc (NASDAQ:AAOI) shares changed hands as the company’s beta touched 2.42. With the company’s most recent per share price at $23.25 changing hands around $1.14 or 5.13% at last look, the market valuation stands at $1.16B. AAOI’s current price is a discount, trading about -91.4% 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 71.18% up since then. When we look at Applied Optoelectronics Inc’s average trading volume, we note the 10-day average is 6.44 million shares, with the 3-month average coming to 3.95 million.
Analysts gave the Applied Optoelectronics Inc (AAOI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.67. 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 -0.04.
Applied Optoelectronics Inc (NASDAQ:AAOI) trade information
Instantly AAOI is in green as seen in intraday trades today. With action 64.28%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -36.94%, with the 5-day performance at 64.28% in the green. However, in the 30-day time frame, Applied Optoelectronics Inc (NASDAQ:AAOI) is -14.03% down. Looking at the short shares, we see there were 9.62 million shares sold at short interest cover period of 2.44 days.
The consensus price target for the stock as assigned by Wall Street analysts is 17.5, meaning bulls need a downside of -32.86% from its recent market value. According to analyst projections, AAOI’s forecast low is 11.5 with 23 as the target high. To hit the forecast high, the stock’s price needs a 1.08% surge from its current level, while the stock would need to tank 50.54% for it to hit the projected low.
Applied Optoelectronics Inc (AAOI) estimates and forecasts
Year-over-year growth is forecast to reach 112.52% 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 99.37M. 4 analysts are of the opinion that Applied Optoelectronics Inc’s revenue for the current quarter will be 114.62M. The company’s revenue for the corresponding quarters a year ago was 40.67M and 43.27M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 144.32%. The estimates for the next quarter sales put growth at 164.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -6.34%. The 2025 estimates are for Applied Optoelectronics Inc earnings to increase by 181.64%.
Applied Optoelectronics Inc (NASDAQ:AAOI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.90% of Applied Optoelectronics Inc shares while 64.09% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.39%. There are 64.09% 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.
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 Dec 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 1.36 shares estimated at $30.37 million under it, the former controlled 2.73% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.20% of the shares, roughly 1.1 shares worth around $24.52 million.
