While Applied Optoelectronics Inc has underperformed by -8.17%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AAOI rose by 425.00%, with highs and lows ranging from $24.75 to $1.60, whereas the simple moving average fell by -17.29% in the last 200 days.
On February 23, 2024, B. Riley Securities Downgraded Applied Optoelectronics Inc (NASDAQ: AAOI) to Neutral. A report published by Rosenblatt on January 30, 2024, Initiated its previous ‘Buy’ rating for AAOI. B. Riley Securities also reiterated AAOI shares as ‘Buy’, quoting a target price of $22 on the company’s shares in a report dated December 13, 2023. B. Riley Securities August 04, 2023d the rating to Buy on August 04, 2023, and set its price target from $2.50 to $11.50. Craig Hallum February 25, 2022d its ‘Hold’ rating to ‘Sell’ for AAOI, as published in its report on February 25, 2022. Needham also rated the stock as ‘Buy’.
Analysis of Applied Optoelectronics Inc (AAOI)
Further, the quarter-over-quarter decrease in sales is -1.84%, showing a negative trend in the upcoming months.
One of the most important indicators of Applied Optoelectronics Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -28.06% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.16, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and AAOI is recording 2.84M average volume. On a monthly basis, the volatility of the stock is set at 6.26%, whereas on a weekly basis, it is put at 10.85%, with a loss of -0.27% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.00, showing growth from the present price of $11.13, which can serve as yet another indication of whether AAOI is worth investing in or should be passed over.
How Do You Analyze Applied Optoelectronics Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.36%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 63.83% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AAOI shares are owned by institutional investors to the tune of 63.83% at present.
