POET Technologies Inc (NASDAQ:POET) traded at $6.16 at close of the session on Monday, January 06 and made a downward move of -8.74% on its previous day’s price.
Looking at the stock we see that its previous close was $6.75 and the beta (5Y monthly) reads 0.472 with the day’s price range being $6.14 – $7.0. In terms of its 52-week price range, POET has a high of $7.79 and a low of $0.84. The company’s stock has gained about 20.08% over that past 30 days.
POET Technologies Inc has a market cap of $435.57 million and is expected to release its quarterly earnings report in February.
On the other hand, looking at the outlook for the POET stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note the current price level is 13.31% off its SMA20 and 31.92% from its 50-day simple moving average. The RSI (14) is pointing at 56.82 while the volatility over the past week is 11.86% and jumps to 12.72% over the past one month. The beta value is 0.42, while the average true range (ATR) is currently pointing at 0.69. 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 43.18% and 43.18% off the current price level respectively, although investors could be excited at the prospect of a 43.18% 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 2.19 million, while that of the preceding 10-day period stands at 4.05 million. Current shares outstanding are 70.21 million.
The insiders hold 1.11% of the company’s shares while institutions hold 8.90%. The data shows that short shares as of 2024-10-31, stood at 2.11 million at a short ratio of 1.53. This represents a 306.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 2.09 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 3.53% up in year-to-date price movement.
