POET Technologies Inc (NASDAQ: POET) is 243.17% higher on its value in year-to-date trading and has touched a low of $0.72 and a high of $4.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The POET stock was last observed hovering at around $3.14 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $3.21, the stock is 17.30% and 23.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.13 million and changing 2.23% at the moment leaves the stock 89.87% off its SMA200. POET registered -13.24% loss for a year compared to 6-month gain of 129.29%.
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The stock witnessed a 1.26% loss in the last 1 month and extending the period to 3 months gives it a 44.59%, and is 26.38% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.41% over the week and 10.51% over the month.
Profit margin for the company is -20904.26%. Distance from 52-week low is 345.83% and -22.09% from its 52-week high. The company has generated returns on investments over the last 12 months (-97.01%).
The EPS is expected to shrink by -14.37% this year.
POET Technologies Inc (POET) Top Institutional Holders
29.0 institutions hold shares in POET Technologies Inc (POET), with institutional investors hold 5.72% of the company’s shares. The shares outstanding are 65.03M, and float is at 64.42M with Short Float at 1.80%. Institutions hold 5.67% of the Float.
The top institutional shareholder in the company is MMCAP INTERNATIONAL INC. SPC with over 0.29 million shares valued at $0.39 million. The investor’s holdings represent 0.6816 of the POET Shares outstanding. As of 2024-03-31, the second largest holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP with 0.14 million shares valued at $0.19 million to account for 0.3338 of the shares outstanding. The other top investors are PARAGON CAPITAL MANAGEMENT LTD which holds 0.11 million shares representing 0.2557 and valued at over $0.15 million, while BRANDYWINE OAK PRIVATE WEALTH LLC holds 0.247 of the shares totaling 0.1 million with a market value of $0.14 million.
