POET Technologies Inc (POET) concluded trading on Thursday at a closing price of $4.35, with 3.4 million shares of worth about $14.78 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 145.76% during that period and on December 12, 2024 the price saw a loss of about -9.56%. Currently the company’s common shares owned by public are about 70.21M shares, out of which, 70.14M shares are available for trading.
Stock saw a price change of -9.56% in past 5 days and over the past one month there was a price change of 8.48%. Year-to-date (YTD), POET shares are showing a performance of 365.04% which increased to 450.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.77 but also hit the highest price of $5.83 during that period. The average intraday trading volume for POET Technologies Inc shares is 2.14 million. The stock is currently trading -4.95% below its 20-day simple moving average (SMA20), while that difference is up 3.67% for SMA50 and it goes to 55.33% higher than SMA200.
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POET Technologies Inc (NASDAQ: POET) currently have 70.21M outstanding shares and institutions hold larger chunk of about 8.90% of that.
The stock has a current market capitalization of $307.59M and its 3Y-monthly beta is at 0.44. It has posted earnings per share of -$0.59 in the same period. It has Quick Ratio of 2.20 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for POET, volatility over the week remained 11.26% while standing at 11.33% over the month.
Stock’s fiscal year EPS is expected to drop by -18.73% while it is estimated to increase by 18.35% in next year. EPS is likely to grow at an annualized rate of 20.00% for next 5-years, compared to annual growth of 2.67% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northland Capital on November 18, 2024 offering an Outperform rating for the stock and assigned a target price of $6 to it.
