The stock of Applied Optoelectronics Inc. (NASDAQ:AAOI) last traded at $12.39, down -14.20% from the previous session.
Data from the available sources indicates that Applied Optoelectronics Inc. (NASDAQ:AAOI) is covered by 3 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.50 and a low of $11.50, we find $12.00. Given the previous closing price of $14.44, this indicates a potential downside of -16.9 percent. AAOI stock price is now 89.20% away from the 50-day moving average and 272.28% away from the 200-day moving average. The market capitalization of the company currently stands at $463.88M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
In total, 1 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $12.00 as their price target over the next twelve months.
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, Chang Hung-Lun (Fred), insider sold 13,637 shares of the company’s stock on Aug 10. The stock was sold for $192,050 at an average price of $14.08. Upon completion of the transaction, the insider now directly owns 221,854 shares in the company, valued at $2.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10, *** Kuo David C sold 10,000 shares of the business’s stock. A total of $137,305 was realized by selling the stock at an average price of $13.73. This leaves the insider owning 127,878 shares of the company worth $1.58 million. Insiders disposed of 312,965 shares of company stock worth roughly $3.88 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 EAM INVESTORS, LLC during the first quarter worth $9,383,000. ASSENAGON ASSET MANAGEMENT S.A. invested $2,131,000 in shares of AAOI during the first quarter. In the first quarter, CLOUDALPHA CAPITAL MANAGEMENT LIMITED/HONG KONG acquired a new stake in Applied Optoelectronics Inc. valued at approximately $756,000. GSA CAPITAL PARTNERS LLP acquired a new stake in AAOI for approximately $333,000. SQUAREPOINT OPS LLC purchased a new stake in AAOI valued at around $189,000 in the second quarter. In total, there are 69 active investors with 33.70% ownership of the company’s stock.
With an opening price of $14.00 on Friday morning, Applied Optoelectronics Inc. (NASDAQ: AAOI) set off the trading day. During the past 12 months, Applied Optoelectronics Inc. has had a low of $1.60 and a high of $14.77. As of last week, the company has a debt-to-equity ratio of 0.77, a current ratio of 0.80, and a quick ratio of 0.40. The fifty day moving average price for AAOI is $6.75 and a two-hundred day moving average price translates $3.38 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 -32.50% and return on equity was -38.40% 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.
