Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) price on Friday, May 23, fall -1.80% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $20.73.
A look at the stock’s price movement, the close in the last trading session was $21.11. Turning to its 52-week performance, $53.29 and $15.90 were the 52-week high and 52-week low respectively. Overall, AOSL moved 6.20% over the past month.
Alpha & Omega Semiconductor Ltd’s market cap currently stands at around $616.92 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 170.03M for the company’s revenue for the quarter, with a low and high estimate of 170M and 170.1M respectively. The average forecast suggests up to a 5.42% 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 689.7M, representing a 4.93% 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 AOSL 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 100% Sell category.
3 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, 2 recommend AOSL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 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.
AOSL’s current price about -3.04% and -5.72% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.20, while 7-day volatility ratio is 2.47% and 3.86% in the 30-day chart. Further, Alpha & Omega Semiconductor Ltd (AOSL) has a beta value of 2.09, and an average true range (ATR) of 1.42. Analysts have given the company’s stock an average 52-week price target of $31.5, forecast between a low of $21 and high of $42. Looking at the price targets, the low is -1.3% off current price level while to achieve the yearly target high, price needs to move -102.6%. Nonetheless, investors will most likely welcome a -51.95% jump to $31.5 which is the analysts’ median price.
If we refocus on Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL), historical trading data shows that trading volumes averaged 530.85K over the past 3 months. The company’s latest data on shares outstanding shows there are 29.75 million shares.
The 19.51% of Alpha & Omega Semiconductor Ltd’s shares are in the hands of company insiders while institutional holders own 76.26% of the company’s shares. Current price change has pushed the stock -44.02% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AOSL stock continues to rise going into the next quarter.
