Applied Optoelectronics Inc. (AAOI) Becoming More Attractive for Investors


Applied Optoelectronics Inc.’s filing revealed that its Chief Financial Officer Murry Stefan J. unloaded Company’s shares for reported $0.24 million on Aug 22. In the deal valued at $15.88 per share,15,000 shares were sold. As a result of this transaction, Murry Stefan J. now holds 222,130 shares worth roughly $ 2.88 million.

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Then, Yeh William H sold 10,000 shares, generating $152,200 in total proceeds. Upon selling the shares at $15.22, the Director now owns 189,255 shares.

Before that, Lin Chih-Hsiang (Thompson) bought 14,438 shares. Applied Optoelectronics Inc. shares valued at $178,519 were divested by the President and CEO at a price of $12.36 per share. As a result of the transaction, Lin Chih-Hsiang (Thompson) now holds 1,217,335 shares, worth roughly $15.76 million.

B. Riley Securities upgraded its Applied Optoelectronics Inc. [AAOI] rating to a Buy from a a Neutral in a research note published on Tuesday, August 04, 2023; the price target was increased to $11.50 from $2.50. PT values the company’s stock at a premium of -12.61 to its Tuesday closing price.

Price Performance Review of AAOI

On Tuesday, Applied Optoelectronics Inc. [NASDAQ:AAOI] saw its stock fall -7.10% to $12.95. On the same session, the stock had its day’s lowest price of $12.81, but rose to a high of $13.78. Over the last five days, the stock has lost -0.15%. Applied Optoelectronics Inc. shares have risen nearly 585.19% since the year began. Nevertheless, the stocks have risen 494.04% over the past one year. While a 52-week high of $16.26 was reached on 08/24/23, a 52-week low of $1.60 was recorded on 05/05/23. SMA at 50 days reached $10.13, while 200 days put it at $4.30. A total of 1.89 million shares were traded, compared to the trading of 1.41 million shares in the previous session.

Levels Of Support And Resistance For AAOI Stock

The 24-hour chart illustrates a support level at 12.58, which if violated will result in even more drops to 12.21. On the upside, there is a resistance level at 13.55. A further resistance level may holdings at 14.15. The Relative Strength Index (RSI) on the 14-day chart is 52.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.06%. Stochastics %K at 39.91% indicates the stock is a holding.

How much short interest is there in Applied Optoelectronics Inc.?

A steep rise in short interest was recorded in Applied Optoelectronics Inc. stocks on Aug 14, 2023, dropping by -0.35 million shares to a total of 6.1 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.45 million shares. There was a decline of -5.74%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 19.93% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.08.

Applied Optoelectronics Inc. [AAOI] – Who Are The Largest Shareholders?

In filings from Columbia Management Investment Ad, it is revealed that the company now owns 1,267,740 shares, or roughly 4.34% of the outstanding AAOI shares. In other words, the investor’s shares have fallen by -62,375 from its previous 13-F filing of 1330115.0. Over the last quarter, Royce & Associates LP purchased 304,978 shares of Applied Optoelectronics Inc., while Yong Rong bought -982,638 shares. At present, EAM Investors LLC is holding 757,304 shares valued at $5.11 million. Kovack Advisors, Inc. owned 678,551 shares of the company at the time of its most recent 13F filing, worth $4.58 million.

According to FactSet, Applied Optoelectronics Inc.’s share price will average $15.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 12.98 percent from its previous closing price of $13.94. Analysts expect Applied Optoelectronics Inc. stock to reach the higher price of $20.00, while the lowest price estimate is $11.50. However, 3 analysts have rated AAOI stock as an Overweight in their predictions for 2023.


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