In yesterday’s Wall Street session, Applied Optoelectronics Inc. (NASDAQ:AAOI) shares traded at $12.19, down -1.53% from the previous session.
AAOI stock price is now 106.89% away from the 50-day moving average and 283.81% away from the 200-day moving average. The market capitalization of the company currently stands at $231.98M.
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With the price target enhanced from $2.50 to $11.50, B. Riley Securities Upgraded its rating from Neutral to Buy for Applied Optoelectronics Inc. (NASDAQ: AAOI).
In other news, Murry Stefan J., Chief Financial Officer sold 3,000 shares of the company’s stock on Feb 17. The stock was sold for $8,885 at an average price of $2.96. Upon completion of the transaction, the Chief Financial Officer now directly owns 189,859 shares in the company, valued at $2.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01, Chief Financial Officer Murry Stefan J. sold 4,600 shares of the business’s stock. A total of $11,718 was realized by selling the stock at an average price of $2.55. This leaves the insider owning 192,859 shares of the company worth $2.35 million. Insiders disposed of 312,965 shares of company stock worth roughly $3.82 million over the past 1 year. A total of 8.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AAOI stock. A new stake in Applied Optoelectronics Inc. shares was purchased by ASSENAGON ASSET MANAGEMENT S.A. during the first quarter worth $2,096,000. CLOUDALPHA CAPITAL MANAGEMENT LIMITED/HONG KONG invested $744,000 in shares of AAOI during the first quarter. In the first quarter, GAMCO INVESTORS, INC. ET AL acquired a new stake in Applied Optoelectronics Inc. valued at approximately $414,000. GSA CAPITAL PARTNERS LLP acquired a new stake in AAOI for approximately $327,000. SQUAREPOINT OPS LLC purchased a new stake in AAOI valued at around $186,000 in the second quarter. In total, there are 69 active investors with 33.70% ownership of the company’s stock.
On Tuesday morning Applied Optoelectronics Inc. (NASDAQ: AAOI) stock kicked off with the opening price of $11.63. During the past 12 months, Applied Optoelectronics Inc. has had a low of $1.60 and a high of $13.17. As of last week, the company has a debt-to-equity ratio of 0.87, a current ratio of 0.80, and a quick ratio of 0.40. The fifty day moving average price for AAOI is $6.10 and a two-hundred day moving average price translates $3.22 for the stock.
The latest earnings results from Applied Optoelectronics Inc. (NASDAQ: AAOI) was released for Jun, 2023. According to the Communication Equipment Company, earnings per share came in at -$0.21, beating analysts’ expectations of -$0.28 by 0.07. This compares to -$0.52 EPS in the same period last year. The net profit margin was -29.70% and return on equity was -34.20% for AAOI. The company reported revenue of $41.62 million for the quarter, compared to $52.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.43 percent. For the current quarter, analysts expect AAOI to generate $62.61M in revenue.
Applied Optoelectronics Inc.(AAOI) Company Profile
Applied Optoelectronics, Inc. designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, subassemblies, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to internet data center operators, cable television and telecom equipment manufacturers, and internet service providers through its direct and indirect sales channels. Applied Optoelectronics, Inc. was incorporated in 1997 and is headquartered in Sugar Land, Texas.
