Applied Optoelectronics Inc. [NASDAQ: AAOI] gained 3.06% on the last trading session, reaching $10.79 price per share at the time. The company report on January 4, 2021 that SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Applied Optoelectronics, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors.
Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Applied Optoelectronics, Inc. (NASDAQ: AAOI).
If you are a shareholder of Applied Optoelectronics, Inc. and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at:.
Applied Optoelectronics Inc. represents 22.74 million in outstanding shares, while the company has a total market value of $240.62 million with the latest information. AAOI stock price has been found in the range of $10.37 to $10.94.
If compared to the average trading volume of 730.61K shares, AAOI reached a trading volume of 939716 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Applied Optoelectronics Inc. [AAOI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AAOI shares is $10.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AAOI stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Needham have made an estimate for Applied Optoelectronics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 09, 2020. While these analysts kept the previous recommendation, B. Riley Securities raised their target price from $11 to $9. The new note on the price target was released on November 06, 2020, representing the official price target for Applied Optoelectronics Inc. stock. Previously, the target price had yet another raise to $10, while Northland Capital analysts kept a Market Perform rating on AAOI stock.
The Average True Range (ATR) for Applied Optoelectronics Inc. is set at 0.46, with the Price to Sales ratio for AAOI stock in the period of the last 12 months amounting to 1.04. The Price to Book ratio for the last quarter was 0.93, with the Price to Cash per share for the same quarter was set at 2.10.
Trading performance analysis for AAOI stock
Applied Optoelectronics Inc. [AAOI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.89. With this latest performance, AAOI shares gained by 28.30% in over the last four-week period, additionally sinking by -4.00% over the last 6 months – not to mention a drop of -24.78% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AAOI stock in for the last two-week period is set at 74.13, with the RSI for the last a single of trading hit 79.99, and the three-weeks RSI is set at 67.94 for Applied Optoelectronics Inc. [AAOI]. The present Moving Average for the last 50 days of trading for this stock 8.56, while it was recorded at 10.42 for the last single week of trading, and 10.14 for the last 200 days.
Applied Optoelectronics Inc. [AAOI]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Applied Optoelectronics Inc. [AAOI] shares currently have an operating margin of -25.54 and a Gross Margin at +23.94. Applied Optoelectronics Inc.’s Net Margin is presently recorded at -34.60.
Return on Total Capital for AAOI is now -11.69, given the latest momentum, and Return on Invested Capital for the company is -17.27. Return on Equity for this stock declined to -21.91, with Return on Assets sitting at -14.15. When it comes to the capital structure of this company, Applied Optoelectronics Inc. [AAOI] has a Total Debt to Total Equity ratio set at 51.99. Additionally, AAOI Total Debt to Total Capital is recorded at 34.21, with Total Debt to Total Assets ending up at 30.49. Long-Term Debt to Equity for the company is recorded at 37.14, with the Long-Term Debt to Total Capital now at 24.43.
Reflecting on the efficiency of the workforce at the company, Applied Optoelectronics Inc. [AAOI] managed to generate an average of -$21,204 per employee. Receivables Turnover for the company is 5.86 with a Total Asset Turnover recorded at a value of 0.41.Applied Optoelectronics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.70.
Applied Optoelectronics Inc. [AAOI]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Applied Optoelectronics Inc. posted -0.18/share EPS, while the average EPS was predicted by analysts to be reported at -0.23/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 21.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AAOI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Applied Optoelectronics Inc. go to 13.00%.
An analysis of insider ownership at Applied Optoelectronics Inc. [AAOI]
There are presently around $121 million, or 48.90% of AAOI stock, in the hands of institutional investors. The top three institutional holders of AAOI stocks are: BLACKROCK INC. with ownership of 3,339,133, which is approximately 11.273% of the company’s market cap and around 5.40% of the total institutional ownership; VANGUARD GROUP INC, holding 1,463,109 shares of the stock with an approximate value of $15.79 million in AAOI stocks shares; and STATE STREET CORP, currently with $6.54 million in AAOI stock with ownership of nearly 1.526% of the company’s market capitalization.
Positions in Applied Optoelectronics Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 54 institutional holders increased their position in Applied Optoelectronics Inc. [NASDAQ:AAOI] by around 1,753,766 shares. Additionally, 46 investors decreased positions by around 2,423,560 shares, while 23 investors held positions by with 7,006,458 shares. The mentioned changes placed institutional holdings at 11,183,784 shares, according to the latest SEC report filing. AAOI stock had 15 new institutional investments in for a total of 753,343 shares, while 17 institutional investors sold positions of 1,272,014 shares during the same period.