POET Technologies Inc (NASDAQ: POET) is -17.31% 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 $5.14 in the last trading session, with the day’s loss setting it -0.22%.
Currently trading at $4.92, the stock is -0.49% and -4.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing -4.28% at the moment leaves the stock 36.37% off its SMA200. POET registered 281.40% gain for a year compared to 6-month gain of 86.36%. The firm has a 50-day simple moving average (SMA 50) of $5.1762 and a 200-day simple moving average (SMA200) of $3.6078.
The stock witnessed a -2.19% loss in the last 1 month and extending the period to 3 months gives it a 22.69%, and is 6.03% 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 9.33% over the week and 8.58% over the month.
Profit margin for the company is -26601.64%. Distance from 52-week low is 392.00% and -36.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-103.52%).
The EPS is expected to shrink by -14.37% this year.
POET Technologies Inc (POET) Top Institutional Holders
61.0 institutions hold shares in POET Technologies Inc (POET), with institutional investors hold 7.28% of the company’s shares. The shares outstanding are 70.21M, and float is at 69.92M with Short Float at 5.43%. Institutions hold 7.22% 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.
POET Technologies Inc (POET) Insider Activity
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