Applied Optoelectronics Inc (NASDAQ:AAOI) shares, rose in value, with the stock price down by -1.29% to the previous day’s close as strong demand from buyers drove the stock to $15.35.
Actively observing the price movement in the recent trading, the stock is buoying the session at $15.55. Referring to stock’s 52-week performance, its high was $44.50, and the low was $6.70. On the whole, AAOI has fluctuated by -45.49% over the past month.
With the market capitalization of Applied Optoelectronics Inc currently standing at about $762.15 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 529.95M, with a low estimate of 98.3M and a high estimate of 101.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 99.37M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AAOI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of AAOI currently trading nearly -36.15% and -46.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 27.95, while the 7-day volatility ratio is showing 16.48% which for the 30-day chart, stands at 13.50%. Furthermore, Applied Optoelectronics Inc (AAOI)’s beta value is 2.56, and its average true range (ATR) is 3.20.
A comparison of Applied Optoelectronics Inc (AAOI) with its peers suggests the former has fared considerably weaker in the market. AAOI showed an intraday change of -1.29% in today’s session so far, and over the past year, it grew by 4.14%%.
Data on historical trading for Applied Optoelectronics Inc (NASDAQ:AAOI) indicates that the trading volumes over the past 3 months, they’ve averaged 3.67 million. According to company’s latest data on outstanding shares, there are 49.39 million shares outstanding.
Nearly 6.40% of Applied Optoelectronics Inc’s shares belong to company insiders and institutional investors own 62.64% of the company’s shares. The stock has fallen by -58.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AAOI stock heading into the next quarter.
