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Things To Consider Before You Buy Alpha and Omega Semiconductor Limited (NASDAQ: AOSL)

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares, rose in value on Friday, May 13, with the stock price up by 21.93% to the previous day’s close as strong demand from buyers drove the stock to $40.48.

Actively observing the price movement in the recent trading, the stock is buoying the session at $33.20, falling within a range of $31.65 and $34.16. The value of beta (5-year monthly) is 2.56 whereas the PE ratio is 2.12 over 12-month period. Referring to stock’s 52-week performance, its high was $69.99, and the low was $23.66. On the whole, AOSL has fluctuated by -25.26% over the past month.

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With the market capitalization of Alpha and Omega Semiconductor Limited currently standing at about $1.04 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 11, 2022 – Apr 15, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.04, which is expected to increase to $1.05 for fiscal year $4.12 and then to about $4.24 by fiscal year 2023. Data indicates that the EPS growth is expected to be 40.60% in 2023, while the next year’s EPS growth is forecast to be 2.90%.

Analysts have estimated the company’s revenue for the quarter at $188 million, with a low estimate of $188 million and a high estimate of $188 million. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $749.5 million, representing an increase of 14.10% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AOSL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0.12, with the price of AOSL currently trading nearly -4.20% and -16.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.75, while the 7-day volatility ratio is showing 10.51% which for the 30-day chart, stands at 7.20%. Furthermore, Alpha and Omega Semiconductor Limited (AOSL)’s beta value is 2.47, and its average true range (ATR) is 3.30. The company’s stock has been forecasted to trade at an average price of $57.33 over the course of the next 52 weeks, with a low of $40.00 and a high of $70.00. Based on these price targets, the low is 1.19% off current price, whereas the price has to move -72.92% to reach the yearly target high. Additionally, analysts’ median price of $62.00 is likely to be welcomed by investors because it represents a decrease of -53.16% from the current levels.

A comparison of Alpha and Omega Semiconductor Limited (AOSL) with its peers suggests the former has fared considerably weaker in the market. AOSL showed an intraday change of 21.93% in today’s session so far, and over the past year, it grew by 21.39%%. In comparison, Vishay Intertechnology Inc. (VSH) has moved higher at 2.87% today and is down -17.56% over the past 12 months. On the other hand, the price of Texas Instruments Incorporated (TXN) has risen 2.42% today. The stock, however, is off -7.31% from where it was a year ago. Additionally, there is a gain of 5.83% for ON Semiconductor Corporation (ON) in recent trading while the stock has seen an overall depriciation of 45.07%% over the past year. The PE ratio stands at 2.12 for Alpha and Omega Semiconductor Limited, compared to 8.38 for Vishay Intertechnology Inc., and 18.97 for Texas Instruments Incorporated. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 2.30%. Meanwhile, the Dow Jones Industrial Improved by 1.51%.

Data on historical trading for Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) indicates that the trading volumes over the past 10 days have averaged 0.64 million and over the past 3 months, they’ve averaged 649.53K. According to company’s latest data on outstanding shares, there are 26.59 million shares outstanding.

Nearly 20.00% of Alpha and Omega Semiconductor Limited’s shares belong to company insiders and institutional investors own 60.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.66 million shares as on Jan 13, 2022, resulting in a short ratio of 1.09. According to the data, the short interest in Alpha and Omega Semiconductor Limited (AOSL) stood at 2.51% of shares outstanding as of Jan 13, 2022; the number of short shares registered in Dec 14, 2021 reached 0.6 million. The stock has fallen by -45.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AOSL stock heading into the next quarter.

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