Applied Optoelectronics Inc (NASDAQ:AAOI) shares traded 4.20% higher at $35.50 on Wall Street last session.
AAOI stock price is now 90.77% away from the 50-day moving average and 165.14% away from the 200-day moving average. The market capitalization of the company currently stands at $1.60B.
With the price target maintained at $17, Raymond James recently Upgraded its rating from Mkt Perform to Outperform for Applied Optoelectronics Inc (NASDAQ: AAOI). On February 23, 2024, B. Riley Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $22 to quote $16, while ‘Rosenblatt’ rates the stock as ‘Buy’
In other news, Loboa Elizabeth G, Director bought 13,494 shares of the company’s stock on Nov 21 ’24. The stock was bought for $493,117 at an average price of $36.54. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20 ’24, Officer Murry Stefan J. bought 5,000 shares of the business’s stock. A total of $157,784 was incurred on buying the stock at an average price of $31.56. A total of 7.98% of the company’s stock is owned by insiders.
During the past 12 months, Applied Optoelectronics Inc has had a low of $6.70 and a high of $34.09. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 1.61, and a quick ratio of 1.06. The fifty day moving average price for AAOI is $18.1892 and a two-hundred day moving average price translates $13.30715 for the stock.
The latest earnings results from Applied Optoelectronics Inc (NASDAQ: AAOI) was released for 2024-09-30. The net profit margin was -38.61% and return on equity was -41.44% for AAOI. The company reported revenue of $65.15 million for the quarter, compared to $62.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.16 percent.
