Why should you keep an eye on POET Technologies Inc (POET)?

POET Technologies Inc (NASDAQ: POET) is 289.14% higher on its value in year-to-date trading and has touched a low of $0.72 and a high of $5.60 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 $3.84 in the last trading session, with the day’s loss setting it -0.2%.

Currently trading at $3.64, the stock is -5.33% and -5.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing -5.21% at the moment leaves the stock 45.42% off its SMA200. POET registered 195.93% gain for a year compared to 6-month gain of 64.71%. The firm has a 50-day simple moving average (SMA 50) of $3.8502 and a 200-day simple moving average (SMA200) of $2.503.

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The stock witnessed a -11.65% loss in the last 1 month and extending the period to 3 months gives it a 15.92%, and is -9.90% down 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 7.07% over the week and 6.53% over the month.

Profit margin for the company is -26601.64%. Distance from 52-week low is 405.56% and -35.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-103.52%).

with sales reaching $68k over the same period.The EPS is expected to shrink by -25.81% this year, but quarterly earnings will post -75.32% year-over-year. Quarterly sales are estimated to shrink -53.27% in year-over-year returns.

POET Technologies Inc (POET) Top Institutional Holders

37.0 institutions hold shares in POET Technologies Inc (POET), with institutional investors hold 8.88% of the company’s shares. The shares outstanding are 70.70M, and float is at 70.08M with Short Float at 3.01%. Institutions hold 8.80% of the Float.

The top institutional shareholder in the company is MMCAP INTERNATIONAL INC. SPC with over 2.86 million shares valued at $5.93 million. The investor’s holdings represent 6.1527% of the POET Shares outstanding. As of 2024-06-30, the second largest holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP with 0.13 million shares valued at $0.26 million to account for 0.2692 of the shares outstanding. The other top investors are BANK OF MONTREAL /CAN/ which holds 0.12 million shares representing 0.2655% and valued at over $0.22 million, while PARAGON CAPITAL MANAGEMENT LTD holds 0.2311 of the shares totaling 0.11 million with a market value of $0.22 million.