The trading price of Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) floating higher at last check on current market day and closing at $41.18, 9.35% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $37.5 and $41.38. In examining the 52-week price action we see that the stock hit a 52-week high of $47.45 and a 52-week low of $19.38. Over the past month, the stock has gained 2.31% in value.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Alpha & Omega Semiconductor Ltd, whose market valuation is $1.18 billion at the time of this writing, is expected to release its quarterly earnings report in September. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.22 per share this quarter, however they have predicted annual earnings per share of 0.77 for current year and 1.28 for next year.
Analysts have forecast the company to bring in revenue of 180.07M for the current quarter, with the likely lows of 180M and highs of 180.2M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 709.53M.
On the technical side, indicators suggest AOSL has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned AOSL a recommendation rating is 3. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Alpha & Omega Semiconductor Ltd (AOSL) as Underweight, while 1 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that AOSL’s price is currently 13.19% off the SMA20 and 7.76% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.81, and weekly volatility stands at 5.15%. When measured over the past 30 days, the indicator reaches 6.02%. Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL)’s beta value is currently sitting at 2.42, while the Average True Range indicator is currently displaying 2.39. With analysts defining $21-$42 as the low and high price targets, we arrive at a consensus price target of $31.5 for the trailing 12-month period. The current price is about 49.0% off the estimated low and -1.99% off the forecast high, based on this estimate. Investors will be thrilled if AOSL’s share price rises to $31.5, which is the median consensus price. At that level, AOSL’s share price would be 23.51% above current price.
To see how Alpha & Omega Semiconductor Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: AOSL stock’s performance was 9.35% at last check in today’s session, and 37.18% in the past year.
An evaluation of the daily trading volume of Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) indicates that the 3-month average is 384.01K. However, this figure has increased over the past 10 days to an average of 0.24.
Currently, records show that 28.97 million of the company’s shares remain outstanding. The insiders hold 19.64% of outstanding shares, whereas institutions hold 68.22%. The stats also highlight that short interest as of 2024-08-15, stood at 0.79 million shares, resulting in a short ratio of 1.74 at that time. From this, we can conclude that short interest is 381.00 of the company’s total outstanding shares. It is noteworthy that short shares in August were down slightly from the previous month’s figure, which was 0.94 million. However, since the stock’s price has seen 58.02% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
