Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) shares, rose in value on Friday, May 09, with the stock price up by 5.27% to the previous day’s close as strong demand from buyers drove the stock to $21.76.
Actively observing the price movement in the last trading, the stock closed the session at $20.67. Referring to stock’s 52-week performance, its high was $53.29, and the low was $15.90. On the whole, AOSL has fluctuated by -4.73% over the past month.
With the market capitalization of Alpha & Omega Semiconductor Ltd currently standing at about $640.07 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 689.7M, with a low estimate of 170M and a high estimate of 170.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 170.03M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AOSL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of AOSL currently trading nearly 14.07% and -4.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.29, while the 7-day volatility ratio is showing 6.67% which for the 30-day chart, stands at 7.33%. Furthermore, Alpha & Omega Semiconductor Ltd (AOSL)’s beta value is 2.08, and its average true range (ATR) is 1.72.
A comparison of Alpha & Omega Semiconductor Ltd (AOSL) with its peers suggests the former has fared considerably weaker in the market. AOSL showed an intraday change of 5.27% in last session, and over the past year, it shrunk by -2.33%%.
Data on historical trading for Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) indicates that the trading volumes over the past 3 months, they’ve averaged 567.50K. According to company’s latest data on outstanding shares, there are 29.75 million shares outstanding.
Nearly 19.52% of Alpha & Omega Semiconductor Ltd’s shares belong to company insiders and institutional investors own 71.34% of the company’s shares. The stock has fallen by -41.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AOSL stock heading into the next quarter.
