Applied Optoelectronics Inc (NASDAQ:AAOI) price on Wednesday, April 30, fall -0.23% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $12.79.
A look at the stock’s price movement, the close in the last trading session was $12.82, moving within a range at $11.865 and $12.82. The beta value (5-Year monthly) was 2.573. Turning to its 52-week performance, $44.50 and $6.70 were the 52-week high and 52-week low respectively. Overall, AAOI moved -16.68% over the past month.
Applied Optoelectronics Inc’s market cap currently stands at around $710.02 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Analysts have a consensus estimate of 99.37M for the company’s revenue for the quarter, with a low and high estimate of 98.3M and 101.1M respectively. The average forecast suggests up to a 144.32% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 529.95M, representing a 112.52% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AAOI is a 50% 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.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend AAOI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AAOI’s current price about 7.09% and -24.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.53, while 7-day volatility ratio is 7.98% and 13.38% in the 30-day chart. Further, Applied Optoelectronics Inc (AAOI) has a beta value of 2.55, and an average true range (ATR) of 1.63. Analysts have given the company’s stock an average 52-week price target of $17.5, forecast between a low of $11.5 and high of $23. Looking at the price targets, the low is 10.09% off current price level while to achieve the yearly target high, price needs to move -79.83%. Nonetheless, investors will most likely welcome a -36.83% jump to $17.5 which is the analysts’ median price.
If we refocus on Applied Optoelectronics Inc (NASDAQ:AAOI), historical trading data shows that trading volumes averaged 2.69 over the past 10 days and 4.29 million over the past 3 months. The company’s latest data on shares outstanding shows there are 55.51 million shares.
The 6.78% of Applied Optoelectronics Inc’s shares are in the hands of company insiders while institutional holders own 56.09% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.59 million on 2025-04-15, giving us a short ratio of 2.31. The data shows that as of 2025-04-15 short interest in Applied Optoelectronics Inc (AAOI) stood at 2002.0 of shares outstanding, with shares short falling to 9.73 million registered in 2025-03-14. Current price change has pushed the stock -65.30% 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.
