KD Logo

Applied Optoelectronics Inc (AAOI) rating upgrades by Raymond James

NUE

In a filing, Applied Optoelectronics Inc revealed its Director Yeh William H acquired Company’s shares for reported $0.1 million on May 14 ’24. In the deal valued at $10.54 per share,9,800 shares were bought. As a result of this transaction, Yeh William H now holds 217,055 shares worth roughly $3.0 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, Yeh William H bought 8,000 shares, generating $102,000 in total proceeds. Upon buying the shares at $12.75, the Director now owns 207,255 shares.

Before that, Lin Che-Wei bought 31,370 shares. Applied Optoelectronics Inc shares valued at $398,283 were divested by the Director at a price of $12.70 per share. As a result of the transaction, Lin Che-Wei now holds 220,133 shares, worth roughly $3.04 million.

Raymond James upgraded its Applied Optoelectronics Inc [AAOI] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. Rosenblatt began covering AAOI with “Buy” recommendation on January 30, 2024. B. Riley Securities maintained its rating on December 13, 2023. It rated AAOI as “a Buy”.

Price Performance Review of AAOI

On Friday, Applied Optoelectronics Inc [NASDAQ:AAOI] saw its stock fall -2.61% to $13.83. Over the last five days, the stock has lost -5.34%. Applied Optoelectronics Inc shares have fallen nearly -28.42% since the year began. Nevertheless, the stocks have risen 40.55% over the past one year. While a 52-week high of $24.75 was reached on 02/16/24, a 52-week low of $6.66 was recorded on 08/05/24. SMA at 50 days reached $10.16, while 200 days put it at $13.32.

Levels Of Support And Resistance For AAOI Stock

The 24-hour chart illustrates a support level at 13.54, which if violated will result in even more drops to 13.24. On the upside, there is a resistance level at 14.14. A further resistance level may holdings at 14.44. The Relative Strength Index (RSI) on the 14-day chart is 62.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.05%. Stochastics %K at 73.54% 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 2024-08-30, growing by 1.41 million shares to a total of 11.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 9.73 million shares. There was a rise of 12.67%, which implies that there is a positive sentiment for the stock.

Most Popular