POET Technologies Inc (NASDAQ: POET) is -12.27% lower on its value in year-to-date trading and has touched a low of $1.00 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 $5.45 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $5.22, the stock is -8.09% and 5.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing -4.22% at the moment leaves the stock 56.46% off its SMA200. POET registered 361.95% gain for a year compared to 6-month gain of 67.85%. The firm has a 50-day simple moving average (SMA 50) of $4.9512 and a 200-day simple moving average (SMA200) of $3.3163.
The stock witnessed a 8.52% loss in the last 1 month and extending the period to 3 months gives it a 30.50%, and is 3.78% 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 7.91% over the week and 10.94% over the month.
Profit margin for the company is -26601.64%. Distance from 52-week low is 422.00% and -32.99% 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 -14.37% 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.
