Check out this: Applied Optoelectronics Inc (AAOI) could be on the verge of a big rally

Applied Optoelectronics Inc (NASDAQ: AAOI) is 8.75% higher on its value in year-to-date trading and has touched a low of $1.60 and a high of $24.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AAOI stock was last observed hovering at around $20.03 in the last trading session, with the day’s gains setting it 0.98%.

Currently trading at $21.01, the stock is 20.74% and 12.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.63 million and changing 4.89% at the moment leaves the stock 97.83% off its SMA200. AAOI registered 698.86% gain for a year compared to 6-month gain of 69.57%. The firm has a 50-day simple moving average (SMA 50) of $4.14 and a 200-day simple moving average (SMA200) of -$27.25.

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The stock witnessed a 14.56% loss in the last 1 month and extending the period to 3 months gives it a 115.27%, and is 6.43% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.53% over the week and 9.49% over the month.

Fwd P/E is 48.48. Profit margin for the company is -28.54%. Distance from 52-week low is 1213.12% and -12.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.10%).

Applied Optoelectronics Inc quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $65.19M over the same period.The EPS is expected to grow by 51.92% this year, but quarterly earnings will post -0.20% year-over-year. Quarterly sales are estimated to grow 5.90% in year-over-year returns.

Applied Optoelectronics Inc (AAOI) Top Institutional Holders

107 institutions hold shares in Applied Optoelectronics Inc (AAOI), with institutional investors hold 55.23% of the company’s shares. The shares outstanding are 35.54M, and float is at 32.81M with Short Float at 23.87%. Institutions hold 52.74% of the Float.

The top institutional shareholder in the company is Ameriprise Financial, Inc. with over 1.27 million shares valued at $7.56 million. The investor’s holdings represent 3.81% of the AAOI Shares outstanding. As of Jun 29, 2023, the second largest holder is Portolan Capital Management, LLC with 1.21 million shares valued at $7.24 million to account for 3.65% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 1.21 million shares representing 3.63% and valued at over $7.2 million, while Royce & Associates LP holds 3.01% of the shares totaling 1.0 million with a market value of $5.97 million.

Applied Optoelectronics Inc (AAOI) Insider Activity

A total of 39 insider transactions have happened at Applied Optoelectronics Inc (AAOI) in the last six months, with sales accounting for 31 and purchases happening 8 times. The most recent transaction is an insider sale by Murry Stefan J.,the company’sChief Financial Officer. SEC filings show that Murry Stefan J. sold 20,000 shares of the company’s common stock on Jan 16 at a price of $17.08 per share for a total of $0.34 million. Following the sale, the insider now owns 0.2 million shares.

Applied Optoelectronics Inc disclosed in a document filed with the SEC on Dec 15 that Yeh Shu-Hua (Joshua) (*** ) sold a total of 20 shares of the company’s common stock. The trade occurred on Dec 15 and was made at $23.71 per share for $474.0. Following the transaction, the insider now directly holds 0.25 million shares of the AAOI stock.

Still, SEC filings show that on Dec 14, Yeh Shu-Hua (Joshua) (*** ) disposed off 42,779 shares at an average price of $22.39 for $0.96 million. The insider now directly holds 251,351 shares of Applied Optoelectronics Inc (AAOI).

Applied Optoelectronics Inc (AAOI): Who are the competitors?

The company’s main competitors (and peers) include Viavi Solutions Inc. (VIAV) that is trading -10.28% down over the past 12 months. MaxLinear Inc. (MXL) that is -46.01% lower over the same period.