Applied Optoelectronics Inc (NASDAQ:AAOI) share price soared 9.12% or 4.40 points to reach at $52.63 during previous trading session. The stock’s price fluctuated within the range of $47.06 – $53.09 during previous trading session. A total of 2.21M shares exchanged hands, whereas the company’s average trading volume stands at 1.30M shares. Applied Optoelectronics Inc (NASDAQ:AAOI) has a market capitalization of $942M and most recently 18.68M outstanding shares have been calculated.
In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.
Relative strength index (RSI-14) for Applied Optoelectronics Inc (NASDAQ:AAOI) is at 64.75.
According to sentiments of 6 analysts the mean estimates of short term price target for the company’s stock is marked at $55.67. The most optimistic analyst sees the stock reaching $66 while the most conventional predicts the target price at $35.
The consensus mean EPS for the current quarter is at $0.83 derived from a total of 6 estimates. According to analysts minimum EPS for the current quarter is expected at $0.8 and can go high up to $0.88. However a year ago during same quarter Applied Optoelectronics Inc (NASDAQ:AAOI) reported $-0.04 EPS.
For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.84 per share according to consensus of 6 analysts.
According to sentiments of 6 analysts the company is expected to report revenues of $89.78M for the current quarter. Bearish revenue estimates established at $88.7M while the bullish revenue forecast has been figured out at $91.82M.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.00 on the shares of Applied Optoelectronics Inc (NASDAQ:AAOI). Out of rating recommendations 1 have given the stock a Buy while 4 recommend the stock as Outperform. 1 have given the stock a Hold rating, 0 as Underperform and 0 as Sell.
On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Applied Optoelectronics Inc (NASDAQ:AAOI)’s distance from 20 day simple moving average is 8.58% whereas its distance from 50 day simple moving average is 37.98% along with 126.53% distance from 200 day simple moving average.
An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Applied Optoelectronics Inc (NASDAQ:AAOI) shares were trading -6.25% below from the 52-week high mark of $56.14 and +551.63% above from the 52-week bottom of $8.08. The stock hit its 52-week high price on 03/7/17 and 52-week low price on 05/10/16.
When we have a peek on stock’s historical trends we come to know that, the stock has climbed 11.03% in the past one week and soared 40.09% during previous one month drive, the stock went up 110.86% during past quarter. In the last six months the stock’s performance advanced 147.55% while yearly performance of the company advanced 225.68%. The company’s year to date (YTD) performance is at 124.53%.
While taking a glance at financials, we can look at a number of key indicators. Applied Optoelectronics Inc (NASDAQ:AAOI) has a Return on Assets (ROA) of 10%. The company currently has a Return on Equity (ROE) of 16.70% and a Return on Investment (ROI) of 12.30%. Average true range (ATR-14) of the company sets at 3.20, along with its weekly and monthly volatility of 7.27%, 6.99% respectively. Beta value of the stock stands at 2.81.
The company’s price to free cash flow for trailing twelve months is 138.47. Its quick ratio for most recent quarter is 1.80 along with current ratio for most recent quarter of 2.60. Total debt to equity ratio of the company for most recent quarter is 0.19 whereas long term debt to equity ratio for most recent quarter is 0.15.