Applied Optoelectronics Inc [NASDAQ: AAOI] stock went on an upward path that rose over 19.33% on Wednesday, amounting to a one-week price increase of more than 24.98%.
Over the last 12 months, AAOI stock rose by 135.62%. The one-year Applied Optoelectronics Inc stock forecast points to a potential downside of -52.23. The average equity rating for AAOI stock is currently 1.75, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.54 billion, with 45.08 million shares outstanding and 41.48 million shares in the current float. Compared to the average trading volume of 3.03M shares, AAOI stock reached a trading volume of 6566903 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $22.38 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 1.75. 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.
Raymond James have made an estimate for Applied Optoelectronics Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 03, 2024. While these analysts kept the previous recommendation, B. Riley Securities dropped their target price from $22 to $16. The new note on the price target was released on February 23, 2024, representing the official price target for Applied Optoelectronics Inc stock. Previously, the target price had yet another raise to $23, while Rosenblatt analysts kept a Buy rating on AAOI stock. On December 13, 2023, analysts increased their price target for AAOI shares from 13.50 to 22.
The Average True Range (ATR) for Applied Optoelectronics Inc is set at 2.34, with the Price to Sales ratio for AAOI stock in the period of the last 12 months amounting to 7.33. The Price to Book ratio for the last quarter was 7.21, with the Price to Cash per share for the same quarter was set at 0.92.
AAOI Stock Performance Analysis:
Applied Optoelectronics Inc [AAOI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 24.98. With this latest performance, AAOI shares gained by 93.25% in over the last four-week period, additionally plugging by 184.39% over the last 6 months – not to mention a rise of 135.62% 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 80.42, with the RSI for the last a single of trading hit 83.75, and the three-weeks RSI is set at 77.67 for Applied Optoelectronics Inc [AAOI]. The present Moving Average for the last 50 days of trading for this stock 18.19, while it was recorded at 28.98 for the last single week of trading, and 13.31 for the last 200 days.
Insight into Applied Optoelectronics Inc Fundamentals:
Applied Optoelectronics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.06 and a Current Ratio set at 1.61.
AAOI Stock EPS
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] Institutonal Ownership Details
There are presently around $68.11%, or 71.89%% of AAOI stock, in the hands of institutional investors. The top three institutional holders of AAOI stocks are: BLACKROCK INC. with ownership of 3.01 million shares, which is approximately 7.8533%. AMERIPRISE FINANCIAL INC, holding 2.16 million shares of the stock with an approximate value of $$17.88 million in AAOI stocks shares; and AMERIPRISE FINANCIAL INC, currently with $$17.86 million in AAOI stock with ownership which is approximately 5.6175%.
