Applied Optoelectronics (AAOI) : Traders are bullish on Applied Optoelectronics (AAOI) as it has outperformed the S&P 500 by a wide margin of 27.53% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.89%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.06% in the last 1 week, and is up 26.84% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.67% and the 50-Day Moving Average is 35.26%.The 200 Day SMA reached 54.83%
Applied Optoelectronics (NASDAQ:AAOI): After opening at $20.77, the stock dipped to an intraday low of $20.77 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $22.4 and the buying power remained strong till the end. The stock closed at $22.21 for the day, a gain of 5.96% for the day session. The total traded volume was 636,432. The stocks close on the previous trading day was $22.21.
Applied Optoelectronics (AAOI) : Average target price received by Applied Optoelectronics (AAOI) is $23.25 with an expected standard deviation of $3.79. The most aggressive target on the stock is $28, whereas the most downbeat target is $17. 6 financial analysts are currently covering the stock.
Applied Optoelectronics, Inc. is a vertically integrated provider of fiber-optic networking products, primarily for three networking end-markets: Internet data center, cable television (CATV) and fiber-to-the-home (FTTH). The Company designs and manufactures optical communications products at varying levels of integration, from components, subassemblies and modules to turn-key equipment. The Company has three manufacturing sites: Sugar Land, Texas, Ningbo, China and Taipei, Taiwan. It designs, manufactures and integrates its own analog and digital lasers using a Molecular Beam Epitaxy (MBE) fabrication process. The Company manufactures the majority of the laser chips and optical components that are used in its products.