POET Technologies Inc (NASDAQ:POET) traded at $3.47 at last check on current trade day and made a downward move of -5.71% on its previous day’s price.
Looking at the stock we see that its previous close was $3.68 and the beta (5Y monthly) reads 0.48 with the day’s price range being $3.46 – $3.68. In terms of its 52-week price range, POET has a high of $5.60 and a low of $0.72. The company’s stock has lost about -22.20% over that past 30 days.
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POET Technologies Inc has a market cap of $311.16 million and is expected to release its quarterly earnings report on 2024-Nov-12. Estimates by analysts give the company expected earnings per share (EPS) of -0.08, with the EPS growth for the year raised at -0.41 for current year and -0.41 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 60k, with a low of 20k and a high of 100k. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 110k, or -76.40% down from figures reported last year.
On the other hand, looking at the outlook for the POET stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy.
Looking further, we note the current price level is -10.46% off its SMA20 and -5.99% from its 50-day simple moving average. The RSI (14) is pointing at 38.66 while the volatility over the past week is 5.62% and jumps to 7.49% over the past one month. The beta value is 0.32, while the average true range (ATR) is currently pointing at 0.30. The average price target for the stock over the next 12 months is $3.5, with the estimates having a low of $3.5 and a high of $3.5. These price ends are -0.86% and -0.86% off the today’s price level respectively, although investors could be excited at the prospect of a -0.86% if the POET share price touches on the median price of $3.5.
Coming back to POET Technologies Inc (NASDAQ:POET), we note that the average 3-month trading volume was 1.61 million, while that of the preceding 10-day period stands at 0.91 million. Current shares outstanding are 65.60 million.
The insiders hold 0.88% of the company’s shares while institutions hold 5.62%. The data shows that short shares as of 2024-10-15, stood at 1.78 million at a short ratio of 0.59. This represents a 258.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 1.36 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 270.96% up in year-to-date price movement.
