Investor’s Delight: Applied Optoelectronics Inc (AAOI) Closes Weak at 10.38, Down -1.89

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The closing price of Applied Optoelectronics Inc (NASDAQ: AAOI) was $10.38 for the day, down -1.89% from the previous closing price of $10.58. In other words, the price has decreased by -$1.89 from its previous closing price. On the day, 1.11 million shares were traded. AAOI stock price reached its highest trading level at $10.68 during the session, while it also had its lowest trading level at $10.24.

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 1.06 and its Current Ratio is at 1.79. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.41.

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 May 14 ’24 when Yeh William H bought 9,800 shares for $10.54 per share. The transaction valued at 103,292 led to the insider holds 217,055 shares of the business.

Lin Che-Wei bought 31,370 shares of AAOI for $398,283 on Mar 18 ’24. The Director now owns 220,133 shares after completing the transaction at $12.70 per share. On Mar 18 ’24, another insider, Lin Chih-Hsiang (Thompson), who serves as the President and CEO of the company, bought 11,780 shares for $12.66 each. As a result, the insider paid 149,169 and bolstered with 1,218,160 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 411645888 and an Enterprise Value of 511948352. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.97 while its Price-to-Book (P/B) ratio in mrq is 2.05. Its current Enterprise Value per Revenue stands at 2.494 whereas that against EBITDA is -17.816.

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 $2.36. The 50-Day Moving Average of the stock is -10.85%, while the 200-Day Moving Average is calculated to be -24.11%.

Shares Statistics:

AAOI traded an average of 1.88M shares per day over the past three months and 1613700 shares per day over the past ten days. A total of 38.15M shares are outstanding, with a floating share count of 35.73M. Insiders hold about 8.16% of the company’s shares, while institutions hold 76.04% stake in the company. Shares short for AAOI as of 1715731200 were 9882112 with a Short Ratio of 5.25, compared to 1713139200 on 9210139. Therefore, it implies a Short% of Shares Outstanding of 9882112 and a Short% of Float of 26.709998000000002.

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