Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) price is hovering higher on current market day and jumping 9.54% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $46.55, with intraday deals fluctuating between $46.915 and $51.69. The company’s 5Y monthly beta was ticking 2.427. Taking into account the 52-week price action we note that the stock hit a 52-week high of $47.45 and 52-week low of $19.38. The stock added 53.35% on its value in the past month.
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Alpha & Omega Semiconductor Ltd, which has a market valuation of $1.48 billion, is expected to release its quarterly earnings report in January.
On average, analysts have forecast the company’s revenue for the quarter will hit 170.07M, with the likely lows of 170M and highs of 170.1M. The average estimate suggests sales growth for the quarter will likely rise by 2.89% 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 683.4M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 3.97% 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 AOSL a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% 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, 3 analysts have assigned AOSL a recommendation rating as follows: 0 rate it as a Hold; 2 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Alpha & Omega Semiconductor Ltd (AOSL) stock as Underweight, with 1 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 AOSL’s price is at present 47.81% off the SMA20 and 44.28% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 72.04, with weekly volatility standing at 12.42%. The indicator jumps to 11.35% when calculated based on the past 30 days. Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL)’s beta value is holding at 2.47, while the average true range (ATR) indicator is currently reading 4.00. Considering analysts have assigned the stock a price target range of $42-$42 as the low and high respectively, we find the trailing 12-month average consensus price target to be $42. Based on this estimate, we see that today’s price at last check is roughly 17.63% off the estimated low and 17.63% off the forecast high. Investors will no doubt be excited to see the share price rise to $42, which is the median consensus price, and at that level AOSL would be 17.63% from recent price.
An analysis of the Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) stock in terms of its daily trading volume indicates that the 3-month average is 438.85K. However, this figure increases on the past 10-day timeline to an average of 1.27 million.
Current records show that the company has 29.02M in outstanding shares. The insiders’ percentage holdings are 18.26% of outstanding shares while the percentage share held by institutions stands at 67.87%. The stats also highlight that short interest as of 2024-11-15, stood at 1.07 million shares, which puts the short ratio at the time at 3.36. From this we can glean that short interest is 527.00 of company’s current outstanding shares. Notably, we see that shares short in November rose slightly given the previous month’s figure stood at 0.91 million. But the 95.66% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
