Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) price on current trading day, rose 2.54% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $48.43.
A look at the stock’s price movement, the close in the last trading session was $47.23, moving within a range at $47.04 and $49.77. The beta value (5-Year monthly) was 2.427. Turning to its 52-week performance, $53.29 and $19.38 were the 52-week high and 52-week low respectively. Overall, AOSL moved 77.14% over the past month.
Alpha & Omega Semiconductor Ltd’s market cap currently stands at around $1.41 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 170.07M for the company’s revenue for the quarter, with a low and high estimate of 170M and 170.1M respectively. The average forecast suggests up to a 2.89% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 683.4M, representing a 3.97% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AOSL is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend AOSL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AOSL’s current price about 32.83% and 35.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.56, while 7-day volatility ratio is 11.37% and 11.44% in the 30-day chart. Further, Alpha & Omega Semiconductor Ltd (AOSL) has a beta value of 2.47, and an average true range (ATR) of 4.06. Analysts have given the company’s stock an average 52-week price target of $42, forecast between a low of $42 and high of $42. Looking at the price targets, the low is 13.28% off current price level while to achieve the yearly target high, price needs to move 13.28%. Nonetheless, investors will most likely welcome a 13.28% jump to $42 which is the analysts’ median price.
If we refocus on Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL), historical trading data shows that trading volumes averaged 1.46 over the past 10 days and 464.23K over the past 3 months. The company’s latest data on shares outstanding shows there are 29.02 million shares.
The 18.26% of Alpha & Omega Semiconductor Ltd’s shares are in the hands of company insiders while institutional holders own 67.87% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.07 million on 2024-11-15, giving us a short ratio of 3.36. The data shows that as of 2024-11-15 short interest in Alpha & Omega Semiconductor Ltd (AOSL) stood at 526.9999799999999 of shares outstanding, with shares short rising to 0.91 million registered in 2024-10-15. Current price change has pushed the stock 85.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AOSL stock continues to rise going into the next quarter.
