Investing in Applied Optoelectronics Inc (AAOI): What You Must Know

In a filing, Applied Optoelectronics Inc revealed its Director Lin Che-Wei acquired Company’s shares for reported $0.4 million on Mar 18 ’24. In the deal valued at $12.70 per share,31,370 shares were bought. As a result of this transaction, Lin Che-Wei now holds 220,133 shares worth roughly $2.95 million.

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Then, Lin Chih-Hsiang (Thompson) bought 11,780 shares, generating $149,169 in total proceeds. Upon buying the shares at $12.66, the President and CEO now owns 1,218,160 shares.

Before that, Yeh William H bought 8,000 shares. Applied Optoelectronics Inc shares valued at $102,000 were divested by the Director at a price of $12.75 per share. As a result of the transaction, Yeh William H now holds 207,255 shares, worth roughly $2.78 million.

B. Riley Securities downgraded its Applied Optoelectronics Inc [AAOI] rating to a Neutral from a a Buy in a research note published on February 23, 2024; the price target was decreased to $16 from $22. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. B. Riley Securities also remained covering AAOI and reiterated its “Buy” recommendation on December 13, 2023. B. Riley Securities revised its rating on August 04, 2023. It rated AAOI as “a Buy” which previously was an “a Neutral”.

Price Performance Review of AAOI

On Tuesday, Applied Optoelectronics Inc [NASDAQ:AAOI] saw its stock fall -3.81% to $13.39. Over the last five days, the stock has lost -7.66%. Applied Optoelectronics Inc shares have fallen nearly -30.69% since the year began. Nevertheless, the stocks have risen 593.78% over the past one year. While a 52-week high of $24.75 was reached on 02/16/24, a 52-week low of $1.60 was recorded on 02/23/24. SMA at 50 days reached $16.29, while 200 days put it at $13.00. A total of 1.48 million shares were traded, compared to the trading of 2.45 million shares in the previous session.

Levels Of Support And Resistance For AAOI Stock

The 24-hour chart illustrates a support level at 13.20, which if violated will result in even more drops to 13.00. On the upside, there is a resistance level at 13.63. A further resistance level may holdings at 13.86. The Relative Strength Index (RSI) on the 14-day chart is 39.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.44%. Stochastics %K at 47.30% 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 Mar 15, 2024, growing by 0.78 million shares to a total of 8.86 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.08 million shares. There was a rise of 8.8%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 24.03% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.22.

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