Applied Optoelectronics Inc (NASDAQ: AAOI) is -9.66% lower 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 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 $30.15 in the last trading session, with the day’s gains setting it 3.15%.
Currently trading at $33.30, the stock is -2.61% and -1.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.5 million and changing 10.45% at the moment leaves the stock 93.51% off its SMA200. AAOI registered 110.63% gain for a year compared to 6-month gain of 245.08%. The firm has a 50-day simple moving average (SMA 50) of $33.4647 and a 200-day simple moving average (SMA200) of $17.106874.
The stock witnessed a -1.97% loss in the last 1 month and extending the period to 3 months gives it a 79.32%, and is 19.83% 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 10.47% over the week and 10.30% over the month.
Applied Optoelectronics Inc (AAOI) has around 2149 employees, a market worth around $1.60B and $209.55M in sales. Fwd P/E is 37.01. Profit margin for the company is -38.61%. Distance from 52-week low is 397.01% and -25.17% 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 -92.82% this year
194.0 institutions hold shares in Applied Optoelectronics Inc (AAOI), with institutional investors hold 73.13% of the company’s shares. The shares outstanding are 44.85M, and float is at 44.75M with Short Float at 18.81%. Institutions hold 69.65% 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
Applied Optoelectronics Inc disclosed in a document filed with the SEC on Jan 15 ’25 that BLACK RICHARD B (Director) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Jan 15 ’25 and was made at $29.00 per share for $0.29 million. Following the transaction, the insider now directly holds 0.16 million shares of the AAOI stock.
Still, SEC filings show that on Jan 16 ’25, Murry Stefan J. (Chief Financial Officer) disposed off 4,000 shares at an average price of $31.72 for $0.13 million. The insider now directly holds 212,129 shares of Applied Optoelectronics Inc (AAOI).
