Applied Optoelectronics Inc (NASDAQ: AAOI) is -32.56% lower on its value in year-to-date trading and has touched a low of $6.66 and a high of $24.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AAOI stock was last observed hovering at around $12.52 in the last trading session, with the day’s gains setting it 0.51%.
Currently trading at $13.03, the stock is 28.74% and 40.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.51 million and changing 4.12% at the moment leaves the stock -2.43% off its SMA200. AAOI registered 11.85% gain for a year compared to 6-month loss of -8.63%.
The stock witnessed a 65.99% gain in the last 1 month and extending the period to 3 months gives it a 28.12%, and is 0.23% 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 9.86% over the week and 8.02% over the month.
Applied Optoelectronics Inc (AAOI) has around 2149 employees, a market worth around $532.93M and $206.94M in sales. Fwd P/E is 22.68. Profit margin for the company is -34.84%. Distance from 52-week low is 95.65% and -47.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.99%).
The EPS is expected to shrink by -60.05% this year
177.0 institutions hold shares in Applied Optoelectronics Inc (AAOI), with institutional investors hold 76.17% of the company’s shares. The shares outstanding are 38.15M, and float is at 37.55M with Short Float at 27.67%. Institutions hold 71.81% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.01 million shares valued at $24.98 million. The investor’s holdings represent 7.8533 of the AAOI Shares outstanding. As of 2024-06-30, the second largest holder is AMERIPRISE FINANCIAL INC with 2.16 million shares valued at $17.88 million to account for 5.6214 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.15 million shares representing 5.6175 and valued at over $17.86 million, while HOOD RIVER CAPITAL MANAGEMENT LLC holds 3.5853 of the shares totaling 1.38 million with a market value of $11.4 million.
Applied Optoelectronics Inc (AAOI) Insider Activity
The most recent transaction is an insider purchase by Yeh William H, the company’s Director. SEC filings show that Yeh William H bought 9,800 shares of the company’s common stock on May 14 ’24 at a price of $10.54 per share for a total of $0.1 million. Following the purchase, the insider now owns 0.22 million shares.
Applied Optoelectronics Inc disclosed in a document filed with the SEC on Mar 18 ’24 that Yeh William H (Director) bought a total of 8,000 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $12.75 per share for $0.1 million. Following the transaction, the insider now directly holds 0.21 million shares of the AAOI stock.
Still, SEC filings show that on Mar 18 ’24, Lin Che-Wei (Director) acquired 31,370 shares at an average price of $12.70 for $0.4 million. The insider now directly holds 220,133 shares of Applied Optoelectronics Inc (AAOI).
