Has Wall Street Now Turned Bullish On Applied Optoelectronics, Inc. (AAOI), Electro Scientific Industries, Inc. (ESIO)?

Applied Optoelectronics, Inc. (NASDAQ:AAOI) attracted a lower number of shares in volume with 1.06 million contracts traded on 22-Nov-17. However, its trading capacity stayed around 2.4 million shares in normal days. The first sale was made at $43 but later the stock became weaker, and closed with a fall of -2.21%. It was last traded at $41.95 apiece.

Applied Optoelectronics, Inc. (AAOI): Outperform Candidate With 29.39% Upside Potential

Applied Optoelectronics, Inc. is maintained at an average outperform rating by 9 stock analysts, and there are at least 64.79% of shares outstanding that are currently legally short sold. The shares went up by 0.7% in value last month. Year-to-date it jumped 78.97%. Analysts are turning out to be more optimistic than before, with 6 of analysts who cover Applied Optoelectronics, Inc. (NASDAQ:AAOI) advice adding it to buy candidate list. Wall Street experts also assign a $54.28 price target on Applied Optoelectronics, Inc., pointing towards a 29.39% rally from current levels. The stock is trading for about -59.43% less than its 52-week high.

Applied Optoelectronics, Inc. Reports -24.57% Sales Growth

Applied Optoelectronics, Inc. (AAOI) remained successful in beating the consensus-estimated $1.02 as it actually earned $1.08 per share in its last reported financial results. Revenue, on the other hand, scored -24.57% growth from the previous quarter, coming up with $88.53 million.

AAOI Retreats -7.6% In A Week

This company shares (AAOI) so far managed to recover 91.73% since collapsing to its 52-week low. Over a month, it has seen its stock price volatility to stay at 3.97% while shortening the period to a week, volatility was 6.07%. The share price has already crossed its 20 days moving average, floating at a distance of 0.45% and sits -17.32% lower versus its 50 days moving average. When looking at the past five sessions, the stock returned -7.6% losses and is down by -27.55% compared with its 200-day moving average of $62.63. Also, Applied Optoelectronics, Inc. (AAOI) needs to expand a 61.35% increase it experienced over the past twelve months.

Electro Scientific Industries, Inc. (NASDAQ:ESIO) Consensus Call At 1.7

As regular trading ended, Electro Scientific Industries, Inc. (ESIO) stock brought in a $0.01 rise to $26.12. The day started at a price of $26.8 but then traded as high as $27.08 before giving part of the gains back. As for this week, analysts appear content to stick with their bright outlook with the consensus call at 1.7. Electro Scientific Industries, Inc. is given 1 buy-equivalent recommendations, 0 sells and 0 holds. The company shares sank -1.92% from their peak of $26.63 and now has a $889.12 million market value of equity.

Electro Scientific Industries, Inc. Could Grow -5.55% More

ESIO’s mean recommendation on Reuter’s scale presents no change from 1.67 thirty days ago to 1.67 now, which indicates a buy consensus from the analyst community. They see Electro Scientific Industries, Inc. (ESIO) price hitting a mean target of $24.67 a share, meaning the stock still has potential that could drag the price another -5.55% Also, the recent close suggests the stock is underpriced by 3.37% compared to the most bullish target.

Electro Scientific Industries, Inc. (ESIO) Returns 341.22% This Year

The company had seen its current volume reaching at 0.89 million shares in the last trade. That compares with the recent volume average of 0.74 million. At the close of regular trading, its last week’s stock price volatility was 5.91% which for the month reaches 5.32%. Electro Scientific Industries, Inc. dipped to as low as $25.59 throughout the day and has returned 341.22% in this year. At one point in the past year, the shares traded as low as $5.03 but has recovered 419.8% since then.

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