In the last trading session, 5.56 million shares of the Applied Optoelectronics Inc (NASDAQ:AAOI) were traded, and its beta was 2.63. Most recently the company’s share price was $17.09, and it changed around $1.62 or 10.47% from the last close, which brings the market valuation of the company to $959.42M. AAOI currently trades at a discount to its 52-week high of $44.50, offering almost -160.39% off that amount. The share price’s 52-week low was $6.70, which indicates that the current value has risen by an impressive 60.8% since then. We note from Applied Optoelectronics Inc’s average daily trading volume that its 10-day average is 4.92 million shares, with the 3-month average coming to 4.11 million.
Applied Optoelectronics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.75. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 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 -0.08 for the current quarter.
Applied Optoelectronics Inc (NASDAQ:AAOI) trade information
Instantly AAOI has showed a green trend with a performance of 10.47% 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 19.76 on recent trading dayincreased the stock’s daily price by 13.51%. The company’s shares are currently down -53.64% year-to-date, but still up 1.30% over the last five days. On the other hand, Applied Optoelectronics Inc (NASDAQ:AAOI) is -9.43% down in the 30-day period. We can see from the shorts that 10.92 million shares have been sold at a short interest cover period of 2.85 day(s).
The consensus price target as assigned by Wall Street analysts is $17.5, which translates to bulls needing to increase their stock price by 2.34% from its current value. Analyst projections state that AAOI is forecast to be at a low of $11.5 and a high of $23.
Applied Optoelectronics Inc (AAOI) estimates and forecasts
The year-over-year growth rate is expected to be 92.54%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 104.96M in revenue for the current quarter. 4 analysts expect Applied Optoelectronics Inc to make 120.33M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 43.27M and 65.15M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 142.56%. Forecasts for the next quarter put sales growth at 84.69%.
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 on 2025-May-07.
AMERIPRISE FINANCIAL INC, with 5.4783% or 2.16 million shares worth $17.88 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
