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The closing price of Applied Optoelectronics Inc (NASDAQ: AAOI) was $26.80 for the day, down -4.80% from the previous closing price of $28.15. In other words, the price has decreased by -$4.80 from its previous closing price. On the day, 3.45 million shares were traded. AAOI stock price reached its highest trading level at $28.525 during the session, while it also had its lowest trading level at $26.18.
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 1.61. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.38.
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 Nov 15 ’24 when BLACK RICHARD B bought 30,000 shares for $27.23 per share.
Chen Min-Chu (Mike) bought 9,790 shares of AAOI for $266,092 on Nov 14 ’24. On Nov 08 ’24, another insider, Kuo David C, who serves as the of the company, sold 10,000 shares for $26.93 each. As a result, the insider received 269,273 and left with 118,122 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 1208095744 and an Enterprise Value of 1295287808. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.49 while its Price-to-Book (P/B) ratio in mrq is 5.67. Its current Enterprise Value per Revenue stands at 6.181 whereas that against EBITDA is -26.572.
Stock Price History:
Over the past 52 weeks, AAOI has reached a high of $29.17, while it has fallen to a 52-week low of $6.70. The 50-Day Moving Average of the stock is 56.16%, while the 200-Day Moving Average is calculated to be 103.85%.
Shares Statistics:
AAOI traded an average of 2.95M shares per day over the past three months and 5672980 shares per day over the past ten days. A total of 45.08M shares are outstanding, with a floating share count of 41.48M. Insiders hold about 8.03% of the company’s shares, while institutions hold 67.59% stake in the company. Shares short for AAOI as of 1730332800 were 10813841 with a Short Ratio of 3.66, compared to 1727654400 on 11022317. Therefore, it implies a Short% of Shares Outstanding of 10813841 and a Short% of Float of 27.73.
