POET Technologies Inc (NASDAQ: POET) is -32.10% 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 $4.23 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $4.04, the stock is 5.61% and -8.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing -4.49% at the moment leaves the stock 4.31% off its SMA200. POET registered 201.49% gain for a year compared to 6-month loss of -14.95%. The firm has a 50-day simple moving average (SMA 50) of $4.4078 and a 200-day simple moving average (SMA200) of $3.87325.
The stock witnessed a -5.16% gain in the last 1 month and extending the period to 3 months gives it a -16.87%, and is -5.39% 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 6.46% over the week and 9.16% over the month.
Profit margin for the company is -26601.64%. Distance from 52-week low is 304.00% and -48.14% 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
62.0 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 4.68%. 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.
