Applied Optoelectronics Inc (NASDAQ: AAOI) is -20.50% 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 $14.19 in the last trading session, with the day’s gains setting it 1.17%.
Currently trading at $15.36, the stock is 10.85% and 40.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.48 million and changing 8.21% at the moment leaves the stock 17.26% off its SMA200. AAOI registered 72.39% gain for a year compared to 6-month loss of 22.68%. The firm has a 50-day simple moving average (SMA 50) of $11.0693 and a 200-day simple moving average (SMA200) of $13.063025.
The stock witnessed a 25.49% gain in the last 1 month and extending the period to 3 months gives it a 79.86%, and is 11.83% 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 9.35% over the week and 9.16% over the month.
Applied Optoelectronics Inc (AAOI) has around 2149 employees, a market worth around $628.22M and $206.94M in sales. Fwd P/E is 26.74. Profit margin for the company is -34.84%. Distance from 52-week low is 130.63% and -37.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.99%).
with sales reaching $62.6M over the same period.The EPS is expected to shrink by -60.20% this year, but quarterly earnings will post 12.60% year-over-year. Quarterly sales are estimated to grow 0.10% in year-over-year returns.
Applied Optoelectronics Inc (AAOI) Top Institutional Holders
179.0 institutions hold shares in Applied Optoelectronics Inc (AAOI), with institutional investors hold 76.08% of the company’s shares. The shares outstanding are 38.15M, and float is at 37.56M with Short Float at 30.38%. Institutions hold 71.72% 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 sale by Kuo David C, the company’s ***. SEC filings show that Kuo David C sold 10,000 shares of the company’s common stock on Sep 24 ’24 at a price of $15.02 per share for a total of $0.15 million. Following the sale, the insider now owns 0.13 million shares.
Still, SEC filings show that on May 14 ’24, Yeh William H (Director) acquired 9,800 shares at an average price of $10.54 for $0.1 million. The insider now directly holds 217,055 shares of Applied Optoelectronics Inc (AAOI).
