Applied Optoelectronics Inc (NASDAQ:AAOI) does about 3.42M shares in volume on a normal day but saw 3653332 shares change hands in the recent trading day. The company now has a market cap of 1.84B USD. Its current market price is $36.16, marking a decrease of -7.00% compared to the previous close of $38.88. The 52 week high reached by this stock is $44.50 whilst the lowest price level in 52 weeks is $6.70. The script in recent trading has seen the stock touch a high of $17 and a low of $17.
Applied Optoelectronics Inc (AAOI) has a 20-day trading average at $34.55 and the current price is -18.74% off the 52-week high compared with 439.70% distance from its 52-week low. The 50-day simple moving average of the closing price is $24.01 and its 200-day simple moving average is $14.44. If we look at the stock’s price movements over the week, volatility stands at 15.58%, which decreases to 13.13% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 57.07 to suggest the stock is neutral.
1 analysts observing the Applied Optoelectronics Inc (AAOI) stock have set the 12-month price targets for the company’s shares at between $17 and $17. The consensus objective for the share price is $27.94, suggesting that the stock has a potential downside of -29.42% over the period. The median price target is -112.71% away from the current levels at $17.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 03, 2024 when Raymond James upgraded the stock to “Outperform” and issued a price target of $17. B. Riley Securities downgraded the stock to “Neutral” from Buy on February 23, 2024 at a price target of $22-$16. Rosenblatt initiated its price target at $23.
The current price level is 4.65%, 50.62%, and 150.46% away from its SMA20, SMA50, and SMA200 respectively, with the AAOI price moving below the 50-day SMA on current market day. Applied Optoelectronics Inc (AAOI) stock is down -11.24% over the week and 102.01% over the past month. Its price is 87.16% year-to-date and 104.76% over the past year.
Its 12-month price target is $17. To reach the target analysts have set, the stock logically needs to shrink -29.42 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $17, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $17.
The company has a return on investment of -27.62% and return on equity of -41.44%. The forward price to earnings ratio is 49.22. The beta has a value of 2.37. Price to book ratio is 7.65 and price to sales ratio is 8.77.
