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The closing price of Applied Optoelectronics Inc (NASDAQ: AAOI) was $16.84 for the day, up 7.81% from the previous closing price of $15.62. In other words, the price has increased by $7.81 from its previous closing price. On the day, 2.3 million shares were traded. AAOI stock price reached its highest trading level at $17.06 during the session, while it also had its lowest trading level at $15.91.
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 0.97 and its Current Ratio is at 1.64. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.43.
On February 23, 2024, B. Riley Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $22 to $16.
On January 30, 2024, Rosenblatt started tracking the stock assigning a Buy rating and target price of $23.Rosenblatt initiated its Buy rating on January 30, 2024, with a $23 target price.
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 Sep 24 ’24 when Kuo David C sold 10,000 shares for $15.02 per share. The transaction valued at 150,150 led to the insider holds 132,921 shares of the business.
Kuo David C bought 10,000 shares of AAOI for $150,150 on Sep 24 ’24. On May 14 ’24, another insider, Yeh William H, who serves as the Director of the company, bought 9,800 shares for $10.54 each. As a result, the insider paid 103,292 and bolstered with 217,055 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 688683584 and an Enterprise Value of 787278848. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.59 while its Price-to-Book (P/B) ratio in mrq is 3.67. Its current Enterprise Value per Revenue stands at 3.804 whereas that against EBITDA is -20.115.
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 $6.70. The 50-Day Moving Average of the stock is 14.90%, while the 200-Day Moving Average is calculated to be 31.59%.
Shares Statistics:
AAOI traded an average of 2.48M shares per day over the past three months and 2220190 shares per day over the past ten days. A total of 38.15M shares are outstanding, with a floating share count of 37.61M. Insiders hold about 8.03% of the company’s shares, while institutions hold 73.84% stake in the company. Shares short for AAOI as of 1728950400 were 10922656 with a Short Ratio of 4.40, compared to 1726185600 on 11411982. Therefore, it implies a Short% of Shares Outstanding of 10922656 and a Short% of Float of 28.01.
