Applied Optoelectronics Inc (AAOI) with a beta value of 2.03 appears to be a promising investment opportunity.

A new trading day began on Friday, with Applied Optoelectronics Inc (NASDAQ: AAOI) stock price up 4.41% from the previous day of trading, before settling in for the closing price of $11.23. AAOI’s price has ranged from $1.70 to $24.75 over the past 52 weeks.

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During the last 5-year period, the sales drop of Technology Sector giant was -2.51%. Meanwhile, its annual earnings per share averaged 1.79%. With a float of $35.90 million, this company’s outstanding shares have now reached $38.15 million.

Let’s determine the extent of company efficiency that accounts for 2149 employees.

Applied Optoelectronics Inc (AAOI) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Communication Equipment Industry. The insider ownership of Applied Optoelectronics Inc is 7.72%, while institutional ownership is 75.90%. The most recent insider transaction that took place on May 14 ’24, was worth 103,292. In this transaction Director of this company bought 9,800 shares at a rate of $10.54, taking the stock ownership to the 217,055 shares. Before that another transaction happened on Mar 18 ’24, when Company’s Director bought 31,370 for $12.70, making the entire transaction worth $398,283. This insider now owns 220,133 shares in total.

Applied Optoelectronics Inc (AAOI) Recent Fiscal highlights

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

Here are Applied Optoelectronics Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.06. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.22.

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)

Looking closely at Applied Optoelectronics Inc (NASDAQ: AAOI), its last 5-days average volume was 2.14 million, which is a drop from its year-to-date volume of 2.72 million. As of the previous 9 days, the stock’s Stochastic %D was 57.64%. Additionally, its Average True Range was 0.96.

During the past 100 days, Applied Optoelectronics Inc’s (AAOI) raw stochastic average was set at 13.80%, which indicates a significant decrease from 74.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 79.22% in the past 14 days, which was lower than the 103.89% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $12.23, while its 200-day Moving Average is $13.73. However, in the short run, Applied Optoelectronics Inc’s stock first resistance to watch stands at $11.98. Second resistance stands at $12.24. The third major resistance level sits at $12.69. If the price goes on to break the first support level at $11.27, it is likely to go to the next support level at $10.82. Now, if the price goes above the second support level, the third support stands at $10.56.

Applied Optoelectronics Inc (NASDAQ: AAOI) Key Stats

With a market capitalization of 456.22 million, the company has a total of 38,908K Shares Outstanding. Currently, annual sales are 217,650 K while annual income is -56,050 K. The company’s previous quarter sales were 40,670 K while its latest quarter income was -23,170 K.