Applied Optoelectronics Inc (NASDAQ:AAOI) price on Thursday, May 09,fall -2.68% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $10.54.
A look at the stock’s price movement, the close in the last trading session was $10.83. Turning to its 52-week performance, $24.75 and $1.64 were the 52-week high and 52-week low respectively. Overall, AAOI moved -10.30% over the past month.
Applied Optoelectronics Inc’s market cap currently stands at around $408.21 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AAOI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
AAOI’s current price about -5.31% and -17.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.95, while 7-day volatility ratio is 8.54% and 7.59% in the 30-day chart. Further, Applied Optoelectronics Inc (AAOI) has a beta value of 2.03, and an average true range (ATR) of 0.89.
If we refocus on Applied Optoelectronics Inc (NASDAQ:AAOI), historical trading data shows that trading volumes averaged 2.62 million over the past 3 months. The company’s latest data on shares outstanding shows there are 38.15 million shares.
The 7.72% of Applied Optoelectronics Inc’s shares are in the hands of company insiders while institutional holders own 67.66% of the company’s shares. Current price change has pushed the stock -45.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AAOI stock continues to rise going into the next quarter.