Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Applied Optoelectronics Inc (NASDAQ: AAOI) closed at $16.45 in the last session, up 10.11% from day before closing price of $14.94. In other words, the price has increased by $10.11 from its previous closing price. On the day, 4.28 million shares were traded. AAOI stock price reached its highest trading level at $17.17 during the session, while it also had its lowest trading level at $15.06.
Ratios:
We take a closer look at AAOI’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 672734272 and an Enterprise Value of 771329536. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.25 while its Price-to-Book (P/B) ratio in mrq is 3.59. Its current Enterprise Value per Revenue stands at 3.727 whereas that against EBITDA is -19.707.
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 $6.66. The 50-Day Moving Average of the stock is 44.82%, while the 200-Day Moving Average is calculated to be 26.52%.
Shares Statistics:
According to the various share statistics, AAOI traded on average about 2.38M shares per day over the past 3-months and 2468910 shares per day over the past 10 days. A total of 38.15M shares are outstanding, with a floating share count of 37.56M. Insiders hold about 8.16% of the company’s shares, while institutions hold 73.74% stake in the company. Shares short for AAOI as of 1726185600 were 11411982 with a Short Ratio of 4.80, compared to 1723680000 on 10390433. Therefore, it implies a Short% of Shares Outstanding of 11411982 and a Short% of Float of 29.270000000000003.
