At the last check on Friday, Applied Optoelectronics Inc.’s (NASDAQ:AAOI) stock was down -$0.24, moving down -1.86 percent to $12.69. The average number of shares traded per day over the past five days has been 3,921,425 shares. 2 times new highs have been achieved over the past 5 days, with a $0.21 gain in that time frame. In the last twenty days, the average volume was 5,687,461, while in the previous 50 days, it was 4,626,460.
Since last month, AAOI stock rose 56.28%. Shares of the company fell to $5.86 on 07/31/23, the lowest level in the past month. A 52-week high of $15.90 was reached on 08/15/23 after having rallying from a 52-week low of $1.60. Since the beginning of this year, AAOI’s stock price has risen by 571.43% or $10.71, and marked a new high 31 times. However, the stock has declined by -20.19% since its 52-week high.
AAOI stock investors should be aware that Applied Optoelectronics Inc. (AAOI) stock had its last reported insider trading activity 7 days ago on Aug 11. Lin Chih-Hsiang (Thompson), the President and CEO of the company, purchased of 15,802 shares for $12.60 on Aug 11. It resulted in a $199,173 investment by the insider. Chang Hung-Lun (Fred) sold 13,637 shares at an average price of $14.08 on Aug 10. The insider now owns 221,854 shares following the transaction. On Aug 10, Kuo David C sold 10,000 shares at $13.73 apiece. The transaction was valued at $137,305.
Financial Health
In the three months ended June 29, Applied Optoelectronics Inc.’s quick ratio stood at 0.40, while its current ratio was 0.80, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 15.60% percent. In the year ended June 29, EBITDA margin amounted to -16.07%, whereas operating margins totaled -29.10%. Based on annual data, AAOI earned $33.63 million in gross profit and brought in $222.82 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -17.70%. Return on equity (ROE) for the past 12 months was -38.40%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AAOI’s revenue fell -27.87% to $53.03 million during the quarter, while net income inched up to $40.9 million. While analysts expected Applied Optoelectronics Inc. to report -$0.28 quarterly earnings, the actual figure was -$0.21 per share, beating the consensus estimate by 25.00%. During the quarter, the company generated -$10.46 million in EBITDA. The liabilities of Applied Optoelectronics Inc. were 193.62 million at the end of its most recent quarter ended June 29, and its total debt was $132.09 million. The value of shareholders’ equity is $32.13 million.
Technical Picture
This quick technical analysis looks at Applied Optoelectronics Inc.’s (AAOI) price momentum. With a historical volatility rate of 169.43%, the RSI 9-day stood at 56.65% on 17 August.
With respect to its five-day moving average, the current Applied Optoelectronics Inc. price is up by +1.69% percent or $0.21. At present, AAOI shares trade +59.29% above its 20-day simple moving average and +632.56% percent above its 100-day simple moving average. However, the stock is currently trading approximately +363.24% above its SMA50 and +358.18% above its SMA200.
Stochastic coefficient K was 68.93% and Stochastic coefficient D was 77.35%, while ATR was 1.81. Given the Stochastic reading of 64.97% for the 14-day period, the RSI (14) reading has been calculated as 59.07%. As of today, the MACD Oscillator reading stands at -0.41, while the 14-day reading stands at 1.16.
Analyst Ratings
B. Riley Securities upgraded its rating on Applied Optoelectronics Inc. (NASDAQ: AAOI) to a Buy in a note to investors on August 04, 2023. The analysts firm previously had a Neutral rating on the stock.Applied Optoelectronics Inc. (AAOI) has been rated Overweight by analysts. According to 0 brokerage firms, AAOI is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Applied Optoelectronics Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $12.00, the current consensus forecast for the stock is $11.50 – $12.50. Based on these forecasts, analysts predict Applied Optoelectronics Inc. (AAOI) will achieve an average price target of $12.00.
