Applied Optoelectronics Inc (NASDAQ:AAOI) price closed higher on Tuesday, November 12, and jumping 0.88% above its previous close.
A look at the daily price movement shows that the last close reads $28.29, with intraday deals fluctuated between $27.2 and $28.93. The company’s 5Y monthly beta was ticking 1.961. Taking into account the 52-week price action we note that the stock hit a 52-week high of $28.70 and 52-week low of $6.70. The stock added 54.94% on its value in the past month.
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
Applied Optoelectronics Inc, which has a market valuation of $1.29 billion, is expected to release its quarterly earnings report in December.
On average, analysts have forecast the company’s revenue for the quarter will hit 99.92M, with the likely lows of 99M and highs of 100.69M. The average estimate suggests sales growth for the quarter will likely rise by 65.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 249.05M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 14.40% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give AAOI a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned AAOI a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Applied Optoelectronics Inc (AAOI) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that AAOI’s price is at present 51.29% off the SMA20 and 75.54% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 80.95, with weekly volatility standing at 18.54%. The indicator jumps to 10.19% when calculated based on the past 30 days. Applied Optoelectronics Inc (NASDAQ:AAOI)’s beta value is holding at 2.12, while the average true range (ATR) indicator is currently reading 2.04. Considering analysts have assigned the stock a price target range of $11.5-$23 as the low and high respectively, we find the trailing 12-month average consensus price target to be $17.5. Based on this estimate, we see that current price is roughly 59.71% off the estimated low and 19.41% off the forecast high. Investors will no doubt be excited to see the share price rise to $17.5, which is the median consensus price, and at that level AAOI would be 38.68% from current price.
An analysis of the Applied Optoelectronics Inc (NASDAQ:AAOI) stock in terms of its daily trading volume indicates that the 3-month average is 2.85 million. However, this figure increases on the past 10-day timeline to an average of 5.29 million.
Current records show that the company has 45.08M in outstanding shares. The insiders’ percentage holdings are 8.03% of outstanding shares while the percentage share held by institutions stands at 69.77%. The stats also highlight that short interest as of 2024-10-15, stood at 10.92 million shares, which puts the short ratio at the time at 4.44. From this we can glean that short interest is 2801.00 of company’s current outstanding shares. Notably, we see that shares short in October fall slightly given the previous month’s figure stood at 11.41 million. But the 47.72% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
