Applied Optoelectronics Inc (NASDAQ:AAOI) price on Thursday, March 20, fall -0.24% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $21.08.
A look at the stock’s price movement, the close in the last trading session was $21.13, moving within a range at $20.725 and $21.74. The beta value (5-Year monthly) was 2.362. Turning to its 52-week performance, $44.50 and $6.70 were the 52-week high and 52-week low respectively. Overall, AAOI moved -22.87% over the past month.
Applied Optoelectronics Inc’s market cap currently stands at around $1.06 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Analysts have a consensus estimate of 99.37M for the company’s revenue for the quarter, with a low and high estimate of 98.3M and 101.1M respectively. The average forecast suggests up to a 144.32% 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 529.89M, representing a 112.50% 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 AAOI is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
1 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, 1 recommend AAOI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 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.
AAOI’s current price about 4.88% and -16.87% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.57, while 7-day volatility ratio is 10.95% and 13.91% in the 30-day chart. Further, Applied Optoelectronics Inc (AAOI) has a beta value of 2.45, and an average true range (ATR) of 2.90. Analysts have given the company’s stock an average 52-week price target of $17.5, forecast between a low of $11.5 and high of $23. Looking at the price targets, the low is 45.45% off current price level while to achieve the yearly target high, price needs to move -9.11%. Nonetheless, investors will most likely welcome a 16.98% jump to $17.5 which is the analysts’ median price.
If we refocus on Applied Optoelectronics Inc (NASDAQ:AAOI), historical trading data shows that trading volumes averaged 5.88 over the past 10 days and 4.03 million over the past 3 months. The company’s latest data on shares outstanding shows there are 49.39 million shares.
The 6.40% of Applied Optoelectronics Inc’s shares are in the hands of company insiders while institutional holders own 62.37% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.62 million on 2025-02-28, giving us a short ratio of 2.44. The data shows that as of 2025-02-28 short interest in Applied Optoelectronics Inc (AAOI) stood at 2034.0 of shares outstanding, with shares short rising to 9.55 million registered in 2025-01-31. Current price change has pushed the stock -42.81% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AAOI stock continues to rise going into the next quarter.
