The growth track for Applied Optoelectronics Inc (AAOI) has changed recently

With 2.36 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.63 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $11.19 whereas the lowest price it dropped to was $10.215. The 52-week range on AAOI shows that it touched its highest point at $24.75 and its lowest point at $1.64 during that stretch. It currently has a 1-year price target of $15.33. Beta for the stock currently stands at 2.02.

Price Performance and Earnings:

Three-month performance dropped to -40.54% while six-month performance rose 19.17%. The stock gained 560.35% in the past year, while it has lost -42.24% so far this year. A look at the trailing 12-month EPS for AAOI yields -1.83 with Next year EPS estimates of 0.78. For the next quarter, that number is -0.29. This implies an EPS growth rate of 1.79% for this year and 289.90% for next year. EPS is expected to grow by 13.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -74.26%.

Float and Shares Shorts:

At present, 38.15 million AAOI shares are outstanding with a float of 35.90 million shares on hand for trading. On 2024-04-15, short shares totaled 9.21 million, which was 2378.0 higher than short shares on 1710460800. In addition to Dr. Chih-Hsiang Lin Ph.D. as the firm’s Founder, Chairman of the Board, President & CEO, Dr. Stefan J. Murry Ph.D. serves as its CFO & Chief Strategy Officer.

Institutional Ownership:

Through their ownership of 0.70508003 of AAOI’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, AAOI reported revenue of $60453000.0 and operating income of -$4505000.0. The EBITDA in the recently reported quarter was -$6723000.0 and diluted EPS was -$0.38.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AAOI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.