The closing price of Applied Optoelectronics Inc (NASDAQ: AAOI) was $14.76 for the day, down -0.54% from the previous closing price of $14.84. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 2767537 shares were traded.
Ratios:
Our analysis of AAOI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.85. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.38.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, B. Riley Securities on February 23, 2024, Downgraded its rating to Neutral and sets its target price to $16 from $22 previously.
On January 30, 2024, Rosenblatt started tracking the stock assigning a Buy rating and target price of $23.
B. Riley Securities reiterated its Buy rating for the stock on December 13, 2023, while the target price for the stock was revised from $13.50 to $22.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 27 ’24 when Yeh William H bought 10,000 shares for $15.29 per share. The transaction valued at 152,900 led to the insider holds 199,255 shares of the business.
Murry Stefan J. sold 20,000 shares of AAOI for $341,592 on Jan 16 ’24. The Chief Financial Officer now owns 200,488 shares after completing the transaction at $17.08 per share. On Dec 15 ’23, another insider, Yeh Shu-Hua (Joshua), who serves as the *** See Remarks of the company, sold 20 shares for $23.71 each. As a result, the insider received 474 and left with 251,331 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AAOI now has a Market Capitalization of 566.37M and an Enterprise Value of 642.08M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.60 while its Price-to-Book (P/B) ratio in mrq is 2.62. Its current Enterprise Value per Revenue stands at 2.95 whereas that against EBITDA is -24.52.
Stock Price History:
Over the past 52 weeks, AAOI has reached a high of $24.75, while it has fallen to a 52-week low of $1.60. The 50-Day Moving Average of the stock is 17.92, while the 200-Day Moving Average is calculated to be 12.09.
Shares Statistics:
AAOI traded an average of 3.58M shares per day over the past three months and 3.41M shares per day over the past ten days. A total of 38.15M shares are outstanding, with a floating share count of 35.44M. Insiders hold about 7.69% of the company’s shares, while institutions hold 63.82% stake in the company. Shares short for AAOI as of Feb 15, 2024 were 8.08M with a Short Ratio of 2.26, compared to 7.94M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 21.18% and a Short% of Float of 22.06%.
Earnings Estimates
The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of -$0.29 for the current quarter, with a high estimate of -$0.24 and a low estimate of -$0.32, while EPS last year was -$0.25. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.04 and low estimates of -$0.2.
Analysts are recommending an EPS of between $0.05 and -$0.47 for the fiscal current year, implying an average EPS of -$0.09. EPS for the following year is $0.87, with 3 analysts recommending between $1.01 and $0.67.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $43.98M to a low estimate of $43M. As of the current estimate, Applied Optoelectronics Inc’s year-ago sales were $53.03M, an estimated decrease of -17.80% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $57.19M, an increase of 25.90% over than the figure of -$17.80% in the same quarter last year. There is a high estimate of $60.6M for the next quarter, whereas the lowest estimate is $52.78M.
A total of 4 analysts have provided revenue estimates for AAOI’s current fiscal year. The highest revenue estimate was $303.1M, while the lowest revenue estimate was $251.63M, resulting in an average revenue estimate of $287.93M. In the same quarter a year ago, actual revenue was $217.65M, up 32.30% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $432.04M in the next fiscal year. The high estimate is $473.1M and the low estimate is $379.83M. The average revenue growth estimate for next year is up 50.10% from the average revenue estimate for this year.
