With 3.01 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.63 million shares. The 52-week range on AAOI shows that it touched its highest point at $44.50 and its lowest point at $6.70 during that stretch. It currently has a 1-year price target of $35.89. Beta for the stock currently stands at 2.60.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AAOI was down-trending over the past week, with a drop of -16.92%, but this was down by -49.11% over a month. Three-month performance dropped to -56.29% while six-month performance rose 27.60%. The stock gained 1.55% in the past year, while it has lost -59.12% so far this year. A look at the trailing 12-month EPS for AAOI yields -4.29 with Next year EPS estimates of 1.92. For the next quarter, that number is -0.04. This implies an EPS growth rate of 181.64% for this year and 197.17% for next year.
Float and Shares Shorts:
At present, 49.39 million AAOI shares are outstanding with a float of 46.48 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AAOI since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.79982 being high and -$0.81982 being low. For AAOI, this leads to a yearly average estimate of -$0.80982. Based on analyst estimates, the high estimate for the next quarter is $0.13 and the low estimate is $0.01. The average estimate for the next quarter is thus $0.07.
