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As of close of business last night, Applied Optoelectronics Inc’s stock clocked out at $13.19, down -9.72% from its previous closing price of $14.61. In other words, the price has decreased by -$9.72 from its previous closing price. On the day, 2.94 million shares were traded. AAOI stock price reached its highest trading level at $14.71 during the session, while it also had its lowest trading level at $13.16.
Ratios:
To gain a deeper understanding of AAOI’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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.
Yeh William H bought 8,000 shares of AAOI for $102,000 on Mar 18 ’24. The Director now owns 207,255 shares after completing the transaction at $12.75 per share. On Mar 18 ’24, another insider, Lin Che-Wei, who serves as the Director of the company, bought 31,370 shares for $12.70 each. As a result, the insider paid 398,283 and bolstered with 220,133 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 597485888 and an Enterprise Value of 638009472. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.61 while its Price-to-Book (P/B) ratio in mrq is 2.87. Its current Enterprise Value per Revenue stands at 3.083 whereas that against EBITDA is -16.301.
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 36.54%, while the 200-Day Moving Average is calculated to be -1.29%.
Shares Statistics:
It appears that AAOI traded 2.30M shares on average per day over the past three months and 3174230 shares per day over the past ten days. A total of 38.15M shares are outstanding, with a floating share count of 37.55M. Insiders hold about 8.18% of the company’s shares, while institutions hold 74.69% stake in the company. Shares short for AAOI as of 1724976000 were 11139156 with a Short Ratio of 4.83, compared to 1722384000 on 9728271. Therefore, it implies a Short% of Shares Outstanding of 11139156 and a Short% of Float of 28.57.
