POET Technologies Inc (POET) concluded trading on Wednesday at a closing price of $4.83, with 5.09 million shares of worth about $24.57 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 140.30% during that period and on December 18, 2024 the price saw a gain of about 8.78%. 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 0.42% in past 5 days and over the past one month there was a price change of 32.33%. Year-to-date (YTD), POET shares are showing a performance of 416.36% which increased to 526.46% 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 2.26 million. The stock is currently trading 2.30% above its 20-day simple moving average (SMA20), while that difference is up 14.75% for SMA50 and it goes to 68.63% 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 $341.53M and its 3Y-monthly beta is at 0.45. 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 12.57% while standing at 12.29% 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.
