Applied Optoelectronics Inc (NASDAQ:AAOI) shares, rose in value, with the stock price down by -1.75% to the previous day’s close as strong demand from buyers drove the stock to $10.66.
Actively observing the price movement in the last trading, the stock closed the session at $10.85. The value of beta (5-year monthly) was 2.05. Referring to stock’s 52-week performance, its high was $24.75, and the low was $1.60. On the whole, AAOI has fluctuated by -26.18% over the past month.
With the market capitalization of Applied Optoelectronics Inc currently standing at about $409.34 million, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024 – May 06, 2024.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AAOI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AAOI currently trading nearly -13.30% and -26.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.16, while the 7-day volatility ratio is showing 7.15% which for the 30-day chart, stands at 6.38%. Furthermore, Applied Optoelectronics Inc (AAOI)’s beta value is 2.09, and its average true range (ATR) is 0.89.
A comparison of Applied Optoelectronics Inc (AAOI) with its peers suggests the former has fared considerably weaker in the market. AAOI showed an intraday change of -1.75% in last session, and over the past year, it grew by 430.35%%.
Data on historical trading for Applied Optoelectronics Inc (NASDAQ:AAOI) indicates that the trading volumes over the past 3 months, they’ve averaged 2.80 million. According to company’s latest data on outstanding shares, there are 38.15 million shares outstanding.
Nearly 7.36% of Applied Optoelectronics Inc’s shares belong to company insiders and institutional investors own 65.76% of the company’s shares. The stock has fallen by -44.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AAOI stock heading into the next quarter.
