While Applied Optoelectronics Inc has overperformed by 12.76%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AAOI rose by 125.78%, with highs and lows ranging from $44.50 to $6.70, whereas the simple moving average jumped by 171.36% in the last 200 days.
On September 03, 2024, Raymond James Upgraded Applied Optoelectronics Inc (NASDAQ: AAOI) to Outperform. A report published by B. Riley Securities on February 23, 2024, Downgraded its rating to ‘Neutral’ for AAOI. Rosenblatt also rated AAOI shares as ‘Buy’, setting a target price of $23 on the company’s shares in an initiating report dated January 30, 2024. B. Riley Securities Reiterated the rating as Buy on December 13, 2023, but set its price target from $13.50 to $22. B. Riley Securities August 04, 2023d its ‘Neutral’ rating to ‘Buy’ for AAOI, as published in its report on August 04, 2023. Craig Hallum’s report from February 25, 2022 suggests a price prediction of $2.50 for AAOI shares, giving the stock a ‘Sell’ rating. Needham also rated the stock as ‘Hold’.
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Analysis of Applied Optoelectronics Inc (AAOI)
Further, the quarter-over-quarter increase in sales is 4.16%, showing a positive trend in the upcoming months.
One of the most important indicators of Applied Optoelectronics Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -41.44% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.06, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and AAOI is recording 3.35M average volume. On a monthly basis, the volatility of the stock is set at 13.12%, whereas on a weekly basis, it is put at 14.57%, with a loss of -5.68% over the past seven days. Furthermore, long-term investors anticipate a median target price of $27.94, showing decline from the present price of $38.88, which can serve as yet another indication of whether AAOI is worth investing in or should be passed over.
How Do You Analyze Applied Optoelectronics Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.80%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 67.63% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AAOI shares are owned by institutional investors to the tune of 67.63% at present.
