POET Technologies Inc (NASDAQ:POET) traded at $2.80 at last check on Wednesday, July 24, made a downward move of -9.97% on its previous day’s price.
Looking at the stock we see that its previous close was $3.11 . In terms of its 52-week price range, POET has a high of $4.50 and a low of $0.72. The company’s stock has gained about 56.42% over that past 30 days.
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POET Technologies Inc has a market cap of $173.46 million.
Looking further, we note the current price level is -3.65% off its SMA20 and 20.26% from its 50-day simple moving average. The RSI (14) is pointing at 50.20 while the volatility over the past week is 11.40% and jumps to 14.78% over the past one month. The beta value is 0.32, while the average true range (ATR) is currently pointing at 0.36.
Coming back to POET Technologies Inc (NASDAQ:POET), we note that the average 3-month trading volume was 1.32 million, while that of the preceding 10-day period stands at 1.11 million. Current shares outstanding are 61.95 million.
The insiders hold 1.19% of the company’s shares while institutions hold 10.60%. The data shows that short shares as of 2024-06-28, stood at 0.45 million at a short ratio of 1.25. This represents a 0.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.740.74 short interest in shares outstanding on 2024-06-28. Shares short fall in June from the previous month at 0.5 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 199.34% up in year-to-date price movement.
