A share price of Applied Optoelectronics Inc [AAOI] is currently trading at $14.47, up 6.40%. An important factor to consider is whether the stock is rising or falling in short-term value. The AAOI shares have gain 3.51% over the last week, with a monthly amount drifted -27.03%, and not seem to be holding up well over a long-time horizon.
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On 22, February 2024, CORRECTION – Applied Optoelectronics Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, In a release issued under the same headline earlier today by Applied Optoelectronics, Inc. (NASDAQ: AAOI), please note the third bullet point under the section “First Quarter 2024 Business Outlook” cited non-GAAP net losses ranging from $18.9 million to $20.8 million. By contrast, those numbers should have indicated a net loss ranging from $10.9 million to $12.6 million.
From an analyst’s perspective:
Applied Optoelectronics Inc [NASDAQ: AAOI] stock has seen the most recent analyst activity on February 23, 2024, when B. Riley Securities downgraded its rating to a Neutral and also revised its price target to $16 from $22. Previously, Rosenblatt started tracking the stock with Buy rating on January 30, 2024, and set its price target to $23. On December 13, 2023, B. Riley Securities reiterated its Buy rating and revised its price target to $22 on the stock. B. Riley Securities upgraded its rating to a Buy and increased its price target to $11.50 on August 04, 2023. Craig Hallum downgraded its rating to a Sell and reduced its price target to $2.50 on February 25, 2022. Needham downgraded its rating to Hold for this stock on March 02, 2021. In a note dated November 09, 2020, Needham reiterated an Buy rating on this stock and revised its target price from $22 to $9.
Applied Optoelectronics Inc experienced fluctuations in its stock price throughout the past year between $1.60 and $24.75. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Applied Optoelectronics Inc [NASDAQ: AAOI] shares were valued at $14.47 at the most recent close of the market. An investor can expect a potential drop of -3.25% based on the average AAOI price forecast.
Analyzing the AAOI fundamentals
Trailing Twelve Months sales for Applied Optoelectronics Inc [NASDAQ:AAOI] were 217.65M which represents -1.84% decline. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at -0.19%, Pretax Profit Margin comes in at -0.26%, and Net Profit Margin reading is -0.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.33 and Total Capital is -0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.79 points at the first support level, and at 13.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.89, and for the 2nd resistance point, it is at 15.31.
Applied Optoelectronics Inc [AAOI] reported earnings per share of $0.04 for its fiscal quarter that ended on 12/30/2023. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.05 per share as compared to estimates of -$0.05 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Applied Optoelectronics Inc [NASDAQ:AAOI] is 1.85. On the other hand, the Quick Ratio is 1.16, and the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 2.55, the price to book ratio is 2.57.
Transactions by insiders
Recent insider trading involved Lin Che-Wei, Director, that happened on Mar 18 ’24 when 31370.0 shares were purchased. President and CEO, Lin Chih-Hsiang (Thompson) completed a deal on Mar 18 ’24 to buy 11780.0 shares. Meanwhile, Director Yeh William H bought 8000.0 shares on Mar 18 ’24.
