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After finishing at $14.20 in the prior trading day, Applied Optoelectronics Inc (NASDAQ: AAOI) closed at $13.83, down -2.61%. In other words, the price has decreased by -$2.61 from its previous closing price. On the day, 1.55 million shares were traded. AAOI stock price reached its highest trading level at $14.15 during the session, while it also had its lowest trading level at $13.56.
Ratios:
Our goal is to gain a better understanding of AAOI by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 565587520 and an Enterprise Value of 664182720. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.73 while its Price-to-Book (P/B) ratio in mrq is 3.01. Its current Enterprise Value per Revenue stands at 3.209 whereas that against EBITDA is -16.97.
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 37.33%, while the 200-Day Moving Average is calculated to be 3.69%.
Shares Statistics:
The stock has traded on average 2.33M shares per day over the past 3-months and 2251940 shares per day over the last 10 days, according to various share statistics. 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 73.71% stake in the company. Shares short for AAOI as of 1724976000 were 11139156 with a Short Ratio of 4.78, compared to 1722384000 on 9728271. Therefore, it implies a Short% of Shares Outstanding of 11139156 and a Short% of Float of 28.57.
