Applied Optoelectronics Inc (NASDAQ:AAOI) saw an upside of 3.95% to $10.14 after adding $0.39 on Wednesday. The 5-day average trading volume is 1,383,578 shares of the company’s common stock. It has gained $10.39 in the past week and touched a new high 5 times within the past 5 days. An average of 2,260,084 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,903,980.
AAOI’s 1-month performance is -21.86% or -$2.84 on its low of $8.82 reached on 09/13/23. The company’s shares have touched a 52-week low of $1.60 and high of $16.26, with the stock’s rally to the 52-week high happening on 08/24/23. YTD, AAOI has achieved 436.24% or $8.26 and has reached a new high 33 times. However, the current price is down -37.67% from the 52-week high price.
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Insider Transactions
AAOI stock investors last saw insider trading activity on Sep 14. Murry Stefan J. (Chief Financial Officer) most recently sold 15,000 shares at $15.88 per share on Aug 22. This transaction cost the insider $238,216. Director, Yeh William H, sold 10,000 shares at a price of $15.22 on Aug 21. Then, on Aug 10, Chang Hung-Lun (Fred) sold 13,637 shares at a price of $14.08 per share. This transaction amounted to $192,050.
Valuation Metrics
AAOI stock has a beta of 1.76. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.53 while the price-to-book (PB) in the most recent quarter is 1.97.
Applied Optoelectronics Inc’s quick ratio for the period ended June 29 was 0.42, with the current ratio over the same period at 0.77. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.03, while the total debt to equity was 0.81. In terms of profitability, the gross margin trailing 12 months is 15.22%. The trailing 12-month EBITDA margin is -16.07% while for the period ending June 29, Applied Optoelectronics Inc’s operating margin was -29.11%. The firm’s gross profit as reported stood at $33.63 million against revenue of $222.82 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 14.64% to -$16.94 million, while revenue of -$16.29 million was 3.84% off the previous quarter. Analysts expected AAOI to announce -$0.28 per share in earnings in its latest quarter, but it posted -$0.21, representing a 25.00% surprise. EBITDA for the quarter stood at more than -$10.46 million. AAOI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 193.62 million, with total debt at $132.09 million. Shareholders hold equity totaling $32.13 million.
Let’s look briefly at Applied Optoelectronics Inc (AAOI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 45.15% to suggest the stock is trending Neutral, with historical volatility in this time period at 47.95%.
The stock’s 5-day moving average is $9.64, reflecting a +3.15% or $0.31 change from its current price. AAOI is currently trading -28.01% above its 20-day SMA, +442.78% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +32.33% and SMA200 by+365.60%.
Stochastic %K and %D was 22.42% and 17.24% and the average true range (ATR) pointed at 0.89. The RSI (14) points at 45.30%, while the 14-day stochastic is at 32.00% with the period’s ATR at 1.06. The stock’s 9-day MACD Oscillator is pointing at 0.05 and -0.31 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Applied Optoelectronics Inc (NASDAQ: AAOI), B. Riley Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for AAOI stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AAOI as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is AAOI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $11.50 and a high of $20.00, with their median price target at $15.75. Looking at these predictions, the average price target given by analysts is for Applied Optoelectronics Inc (AAOI) stock is $15.75.
