POET Technologies Inc (NASDAQ: POET) is -26.55% lower on its value in year-to-date trading and has touched a low of $1.60 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 $4.67 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $4.37, the stock is 0.26% and 7.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing -6.42% at the moment leaves the stock 5.25% off its SMA200. POET registered 97.74% gain for a year compared to 6-month gain of 20.05%. The firm has a 50-day simple moving average (SMA 50) of $4.0558 and a 200-day simple moving average (SMA200) of $4.15225.
The stock witnessed a 13.21% loss in the last 1 month and extending the period to 3 months gives it a -7.42%, and is -2.67% 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 6.31% over the week and 5.60% over the month.
Profit margin for the company is -22377.56%. Distance from 52-week low is 173.12% and -43.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-135.17%).
with sales reaching $386.18k over the same period.The EPS is expected to grow by 156.55% this year, but quarterly earnings will post 8,633.23% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
58.0 institutions hold shares in POET Technologies Inc (POET), with institutional investors hold 3.82% of the company’s shares. The shares outstanding are 78.07M, and float is at 77.28M with Short Float at 4.58%. Institutions hold 3.79% 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 0.2222 of the shares outstanding. The other top investors are BANK OF MONTREAL /CAN/ which holds 0.12 million shares representing 0.2192 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.
