POET Technologies Inc (POET) concluded trading on Thursday at a closing price of $6.17, with 3.21 million shares of worth about $19.82 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 108.45% during that period and on Thursday the price saw a gain of about 3.70%. 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 7.12% in past 5 days and over the past one month there was a price change of 24.65%. Year-to-date (YTD), POET shares are showing a performance of 3.70% which increased to 562.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.84 but also hit the highest price of $7.79 during that period. The average intraday trading volume for POET Technologies Inc shares is 2.11 million. The stock is currently trading 16.68% above its 20-day simple moving average (SMA20), while that difference is up 35.15% for SMA50 and it goes to 100.89% higher than SMA200.
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 $436.28M and its 3Y-monthly beta is at 0.42. 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 16.41% while standing at 13.06% over the month.
Analysts are in expectations that POET Technologies Inc (POET) stock would likely to be making an EPS of -0.07 in the current quarter, while forecast for next quarter EPS is -0.07 and it is -0.28 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.07 which is -0.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.13 in the same quarter a year ago. 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.
