AAOI
Applied Optoelectronics, Inc. Technology - Communication Equipment Investor Relations →
Applied Optoelectronics, Inc. (AAOI) closed at $44.30 as of 2026-02-02, trading 214.1% above its 200-week moving average of $14.10. The stock moved further from the line this week, up from 213.8% last week. The 14-week RSI sits at 58, indicating neutral momentum.
Over the past 597 weeks of data, AAOI has crossed below its 200-week moving average 5 times. On average, these episodes lasted 63 weeks. Historically, investors who bought AAOI at the start of these episodes saw an average one-year return of +40.5%.
With a market cap of $3.0 billion, AAOI is a mid-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -40.4%. The stock trades at 5.4x book value.
Share count has increased 80.8% over three years, indicating dilution.
Over the past 11.5 years, a hypothetical investment of $100 in AAOI would have grown to $281, compared to $426 for the S&P 500. AAOI has returned 9.4% annualized vs 13.4% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: AAOI vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After AAOI Crosses Below the Line?
Across 5 historical episodes, buying AAOI when it crossed below its 200-week moving average produced an average return of +55.8% after 12 months (median +15.0%), compared to +9.8% for the S&P 500 over the same periods. 60% of those episodes were profitable after one year. After 24 months, the average return was +16.8% vs +24.2% for the index.
Each line shows $100 invested at the moment AAOI crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
AAOI has crossed below its 200-week MA 5 times with an average 1-year return of +40.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Sep 2014 | May 2015 | 34 | 48.5% | +4.9% | +163.5% |
| Jan 2016 | Feb 2016 | 7 | 19.2% | +51.6% | +199.5% |
| Mar 2016 | Aug 2016 | 22 | 44.2% | +248.4% | +180.6% |
| Mar 2018 | Apr 2018 | 4 | 10.7% | -47.7% | +65.4% |
| Sep 2018 | Jul 2023 | 249 | 84.5% | -54.9% | +79.6% |
| Average | 63 | — | +40.5% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02