POET Technologies Inc (NASDAQ: POET) is -35.04% 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 $4.05 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $3.87, the stock is 0.74% and -14.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing -4.57% at the moment leaves the stock 1.71% off its SMA200. POET registered 199.59% gain for a year compared to 6-month gain of 21.92%. The firm has a 50-day simple moving average (SMA 50) of $4.5468 and a 200-day simple moving average (SMA200) of $3.8002.
The stock witnessed a -18.46% loss in the last 1 month and extending the period to 3 months gives it a -9.06%, and is 4.74% 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 7.72% over the week and 8.92% over the month.
Profit margin for the company is -26601.64%. Distance from 52-week low is 286.50% and -50.39% 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.
61.0 institutions hold shares in POET Technologies Inc (POET), with institutional investors hold 7.18% of the company’s shares. The shares outstanding are 78.03M, and float is at 77.25M with Short Float at 4.50%. Institutions hold 7.12% of the Float.
The top institutional shareholder in the company is MMCAP INTERNATIONAL INC. SPC with over 2.86 million shares valued at $$5.93 million. The investor’s holdings represent 5.079 of the POET Shares outstanding. As of 2024-06-30, the second largest holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP with 0.13 million shares valued at $$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 $$0.22 million, while PARAGON CAPITAL MANAGEMENT LTD holds 0.1908 of the shares totaling 0.11 million with a market value of $$0.22 million.
