Applied Optoelectronics Inc (NASDAQ:AAOI) shares traded 4.20% higher at $35.50 on Wall Street last session.
AAOI stock price is now 90.77% away from the 50-day moving average and 165.14% away from the 200-day moving average. The market capitalization of the company currently stands at $1.60B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, Loboa Elizabeth G, Director bought 13,494 shares of the company’s stock on Nov 21 ’24. The stock was bought for $493,117 at an average price of $36.54. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20 ’24, Officer Murry Stefan J. bought 5,000 shares of the business’s stock. A total of $157,784 was incurred on buying the stock at an average price of $31.56. A total of 7.98% of the company’s stock is owned by insiders.
During the past 12 months, Applied Optoelectronics Inc has had a low of $6.70 and a high of $34.09. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 1.61, and a quick ratio of 1.06. The fifty day moving average price for AAOI is $18.1892 and a two-hundred day moving average price translates $13.30715 for the stock.
The latest earnings results from Applied Optoelectronics Inc (NASDAQ: AAOI) was released for 2024-09-30. The net profit margin was -38.61% and return on equity was -41.44% for AAOI. The company reported revenue of $65.15 million for the quarter, compared to $62.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.16 percent.
