The stock of Applied Optoelectronics Inc (NASDAQ:AAOI) last traded at $13.00, up 6.04% from the previous session.
AAOI stock price is now 46.07% away from the 50-day moving average and -2.78% away from the 200-day moving average. The market capitalization of the company currently stands at $531.70M.
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With the price target maintained at $17, Raymond James recently Upgraded its rating from Mkt Perform to Outperform for Applied Optoelectronics Inc (NASDAQ: AAOI). On February 23, 2024, B. Riley Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $22 to quote $16, while ‘Rosenblatt’ rates the stock as ‘Buy’
In other news, Yeh William H, Director bought 9,800 shares of the company’s stock on May 14 ’24. The stock was bought for $103,292 at an average price of $10.54. Upon completion of the transaction, the Director now directly owns 217,055 shares in the company, valued at $2.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, Director Yeh William H bought 8,000 shares of the business’s stock. A total of $102,000 was incurred on buying the stock at an average price of $12.75. This leaves the insider owning 207,255 shares of the company worth $2.69 million. A total of 8.60% of the company’s stock is owned by insiders.
During the past 12 months, Applied Optoelectronics Inc has had a low of $6.66 and a high of $24.75. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 1.64, and a quick ratio of 0.97. The fifty day moving average price for AAOI is $8.8996 and a two-hundred day moving average price translates $13.372225 for the stock.
The latest earnings results from Applied Optoelectronics Inc (NASDAQ: AAOI) was released for 2024-06-30. The net profit margin was -34.84% and return on equity was -41.23% for AAOI. The company reported revenue of $43.27 million for the quarter, compared to $41.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.98 percent.
