POET Technologies Inc (NASDAQ: POET) is -15.46% lower on its value in year-to-date trading and has touched a low of $0.92 and a high of $7.79 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The POET stock was last observed hovering at around $4.80 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $5.03, the stock is -9.32% and 4.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.58 million and changing 4.79% at the moment leaves the stock 55.34% off its SMA200. POET registered 305.65% gain for a year compared to 6-month gain of 31.33%. The firm has a 50-day simple moving average (SMA 50) of $4.8026 and a 200-day simple moving average (SMA200) of $3.21985.
The stock witnessed a 15.63% loss in the last 1 month and extending the period to 3 months gives it a 34.13%, and is -16.17% 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 8.08% over the week and 11.85% over the month.
Profit margin for the company is -26601.64%. Distance from 52-week low is 449.31% and -35.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-103.52%).
with sales reaching $46.67k over the same period.The EPS is expected to shrink by -18.73% this year, but quarterly earnings will post -90.53% year-over-year. Quarterly sales are estimated to shrink -67.93% in year-over-year returns.
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 70.21M, and float is at 69.92M with Short Float at 5.46%. 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.
