A look at Applied Optoelectronics Inc’s (AAOI) recent performance gives investors their first glimpse of hope.

On Friday, Applied Optoelectronics Inc (NASDAQ: AAOI) opened lower -3.04% from the last session, before settling in for the closing price of $10.54. Price fluctuations for AAOI have ranged from $1.64 to $24.75 over the past 52 weeks.

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Technology Sector giant saw their annual sales slid by -2.51% over the last five years. Company’s average yearly earnings per share was noted 1.79% at the time writing. With a float of $35.74 million, this company’s outstanding shares have now reached $38.15 million.

The firm has a total of 2149 workers. Let’s measure their productivity.

Applied Optoelectronics Inc (AAOI) Insider Activity

A key investor’s attitude towards the stock of the Communication Equipment industry is another important factor to consider. The insider ownership of Applied Optoelectronics Inc is 7.72%, while institutional ownership is 71.47%. The most recent insider transaction that took place on Mar 18 ’24, was worth 398,283. In this transaction Director of this company bought 31,370 shares at a rate of $12.70, taking the stock ownership to the 220,133 shares. Before that another transaction happened on Mar 18 ’24, when Company’s President and CEO bought 11,780 for $12.66, making the entire transaction worth $149,169. This insider now owns 1,218,160 shares in total.

Applied Optoelectronics Inc (AAOI) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 12/31/2023, the company posted -0.25 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.18) by -0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.12 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 1.79% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.00% during the next five years compared to -74.26% drop over the previous five years of trading.

Applied Optoelectronics Inc (NASDAQ: AAOI) Trading Performance Indicators

Check out the current performance indicators for Applied Optoelectronics Inc (AAOI). In the past quarter, the stock posted a quick ratio of 1.06. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.93.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.83, a number that is poised to hit -0.29 in the next quarter and is forecasted to reach 0.78 in one year’s time.

Technical Analysis of Applied Optoelectronics Inc (AAOI)

Analysing the last 5-days average volume posted by the [Applied Optoelectronics Inc, AAOI], we can find that recorded value of 3.45 million was better than the volume posted last year of 2.76 million. As of the previous 9 days, the stock’s Stochastic %D was 31.79%. Additionally, its Average True Range was 0.98.

During the past 100 days, Applied Optoelectronics Inc’s (AAOI) raw stochastic average was set at 3.84%, which indicates a significant decrease from 20.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.18% in the past 14 days, which was lower than the 103.47% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $12.63, while its 200-day Moving Average is $13.63. Now, the first resistance to watch is $11.45. This is followed by the second major resistance level at $12.68. The third major resistance level sits at $13.50. If the price goes on to break the first support level at $9.40, it is likely to go to the next support level at $8.58. Should the price break the second support level, the third support level stands at $7.35.

Applied Optoelectronics Inc (NASDAQ: AAOI) Key Stats

There are currently 38,730K shares outstanding in the company with a market cap of 395.82 million. Presently, the company’s annual sales total 217,650 K according to its annual income of -56,050 K. Last quarter, the company’s sales amounted to 60,450 K and its income totaled -13,880 K.