On 1/11/24, Applied Optoelectronics Inc (NASDAQ: AAOI) stock suffered a major decline of -15.1%, closing at $18.34. Moreover, trading volume in this decline was exceptionally high at 256% of normal. The stock has risen 5.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
AAOI is expected to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 12 but a very high Power Rating of 99, producing the Neutral Value Trend Rating.
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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