Applied Optoelectronics Inc [AAOI] Revenue clocked in at $217.65 million, down -39.65% YTD: What’s Next?

Applied Optoelectronics Inc [NASDAQ: AAOI] closed the trading session at $11.66.

The stocks have a year to date performance of -39.65 percent and weekly performance of -2.10 percent. The stock has been moved at 53.62 percent over the last six months. The stock has performed -14.26 percent around the most recent 30 days and changed -29.84 percent over the most recent 3-months.

If compared to the average trading volume of 2.87M shares, AAOI reached to a volume of 2349049 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $18.00 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 2.00. 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.

B. Riley Securities have made an estimate for Applied Optoelectronics Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 23, 2024. While these analysts kept the previous recommendation, Rosenblatt raised their target price to Buy. The new note on the price target was released on January 30, 2024, representing the official price target for Applied Optoelectronics Inc stock. Previously, the target price had yet another raise from $13.50 to $22, while B. Riley Securities kept a Buy rating on AAOI stock. On August 04, 2023, analysts increased their price target for AAOI shares from 2.50 to 11.50.

The Average True Range (ATR) for Applied Optoelectronics Inc is set at 0.94, with the Price to Sales ratio for AAOI stock in the period of the last 12 months amounting to 2.06. The Price to Book ratio for the last quarter was 2.07, with the Price to Cash per share for the same quarter was set at 1.43.

AAOI stock trade performance evaluation

Applied Optoelectronics Inc [AAOI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.10. With this latest performance, AAOI shares dropped by -14.26% in over the last four-week period, additionally plugging by 53.62% over the last 6 months – not to mention a rise of 430.00% 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 36.72, with the RSI for the last a single of trading hit 35.55, and the three-weeks RSI is set at 39.04 for Applied Optoelectronics Inc [AAOI]. The present Moving Average for the last 50 days of trading for this stock 15.08, while it was recorded at 11.60 for the last single week of trading, and 13.43 for the last 200 days.

Applied Optoelectronics Inc [AAOI]: An insightful look at the core fundamentals

Applied Optoelectronics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.16 and a Current Ratio set at 1.85.

Earnings per share (EPS) analysis for Applied Optoelectronics Inc [AAOI] stock

With the latest financial reports released by the company, Applied Optoelectronics Inc posted -0.25/share EPS, while the average EPS was predicted by analysts to be reported at -0.18/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -38.90%. 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%.

Applied Optoelectronics Inc [AAOI]: Institutional Ownership

The top three institutional holders of AAOI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in AAOI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in AAOI stock with ownership which is approximately 5.8386%.

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