With 8.26 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.43 million shares. The 52-week range on AAOI shows that it touched its highest point at $44.50 and its lowest point at $6.70 during that stretch. It currently has a 1-year price target of $37.89. Beta for the stock currently stands at 2.33.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AAOI was down-trending over the past week, with a drop of -11.69%, but this was down by -23.95% over a month. Three-month performance dropped to -31.49% while six-month performance rose 158.47%. The stock gained 14.69% in the past year, while it has lost -36.68% so far this year. A look at the trailing 12-month EPS for AAOI yields -2.07 with Next year EPS estimates of 0.83. For the next quarter, that number is -0.02. This implies an EPS growth rate of -92.82% for this year and 202.58% for next year.
Float and Shares Shorts:
At present, 44.85 million AAOI shares are outstanding with a float of 44.84 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AAOI since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.79906 being high and -$0.81904 being low. For AAOI, this leads to a yearly average estimate of -$0.80905. Based on analyst estimates, the high estimate for the next quarter is $0.05 and the low estimate is -$0.06. The average estimate for the next quarter is thus -$0.01.
