Time to surrender Applied Optoelectronics Inc. (NASDAQ:AAOI)?

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Here is an analysis at the scorecard of Applied Optoelectronics Inc. (NASDAQ:AAOI) for the recent quarter and analyst projections for the coming periods.

The firm generated sales of 96.22M%, implying a jump of 0.48% compared to a analogous quarter a year ago.

To achieve the recorded sales of 96.22M% for the quarter, the firm incurred $54.85M in cost of goods. Hence, after considering the cost of sales, Applied Optoelectronics Inc. came with a gross income of $41.37M.

Let’s look into the technical of the stock

The Barchart Technical Opinion rating is a 8% Sell with a Average short term outlook on maintaining the current direction. Longer term, the trend strength is Minimum.

Applied Optoelectronics Inc. incurred other expenses in the completion of operation. Taking those into account, it closed the quarter with EPS of $1.00. The firm had 19.7M diluted outstanding shares at the close of the quarter.

For the next quarter, analysts on the average are projecting EPS of $1.19.

Applied Optoelectronics Inc.’s cash balance at the close of the recent quarter was 60.53M%. The firm generated free cash flow of $2.12M during the quarter, while net operating cash flow was $9.68M. Net change in cash was $8.58M.

That said, Applied Optoelectronics Inc. closed the quarter with debt of 4.69M%. The debt increased/dropped by growing from the past period.

What is market thinking about Applied Optoelectronics Inc.? So far 8 analysts have assessed the stock, and they have average recommendation of Overweight and average price target of $73.38. To put the recommendation into perspective, call in the range of 1.00 – 1.24 indicates a BUY recommendation, whereas 1.25 – 1.74 refers to OVERWEIGHT. HOLD recommendation is shown by 1.75 ? 2.24, UNDERWEIGHT is signified by 2.25 – 2.74 while SELL is signified by 2.75 – 3.00.

Does Applied Optoelectronics Inc. have a strong balance sheet? A look at the firm’s balance sheet at the close of the most recent quarter displays that it has total assets of $367.63M, offset by total liabilities of $91.45M.

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