Applied Optoelectronics Inc (NASDAQ: AAOI) is 106.94% higher on its value in year-to-date trading and has touched a low of $6.70 and a high of $44.50 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 $36.72 in the last trading session, with the day’s gains setting it 3.1%.
Currently trading at $39.82, the stock is 8.36% and 40.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.82 million and changing 8.44% at the moment leaves the stock 156.27% off its SMA200. AAOI registered 91.29% gain for a year compared to 6-month gain of 369.80%. The firm has a 50-day simple moving average (SMA 50) of $27.8331 and a 200-day simple moving average (SMA200) of $15.410075.
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The stock witnessed a 5.24% loss in the last 1 month and extending the period to 3 months gives it a 159.95%, and is 24.51% 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 14.85% over the week and 12.76% over the month.
Applied Optoelectronics Inc (AAOI) has around 2149 employees, a market worth around $2.07B and $209.55M in sales. Fwd P/E is 44.18. Profit margin for the company is -38.61%. Distance from 52-week low is 494.33% and -10.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.62%).
The EPS is expected to shrink by -92.67% this year
190.0 institutions hold shares in Applied Optoelectronics Inc (AAOI), with institutional investors hold 68.97% of the company’s shares. The shares outstanding are 44.85M, and float is at 43.59M with Short Float at 21.94%. Institutions hold 65.61% 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 BLACK RICHARD B, the company’s Director. SEC filings show that BLACK RICHARD B sold 10,000 shares of the company’s common stock on Dec 16 ’24 at a price of $35.27 per share for a total of $0.35 million. Following the sale, the insider now owns 0.17 million shares.
Still, SEC filings show that on Dec 03 ’24, Yeh William H (Director) disposed off 10,000 shares at an average price of $43.08 for $0.43 million. The insider now directly holds 223,538 shares of Applied Optoelectronics Inc (AAOI).
