Applied Optoelectronics Inc (NASDAQ: AAOI) stock suffered a major decline of -11.8% on 12/29/23. The shares closed at $19.32. Moreover, this decline was accompanied by exceptionally high trading volume at 269% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AAOI is expected to be a Value Builder.
Applied Optoelectronics has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Applied Optoelectronics has a very low Appreciation Score of 13 but a very high Power Rating of 99, with the Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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