POET Technologies Inc (NASDAQ: POET) is -24.71% lower on its value in year-to-date trading and has touched a low of $1.65 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 $4.34 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $4.48, the stock is 0.64% and 8.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 3.23% at the moment leaves the stock 5.82% off its SMA200. POET registered 151.69% gain for a year compared to 6-month loss of -17.19%. The firm has a 50-day simple moving average (SMA 50) of $4.1348 and a 200-day simple moving average (SMA200) of $4.23405.
The stock witnessed a 3.94% gain in the last 1 month and extending the period to 3 months gives it a 24.44%, and is 1.82% 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 3.64% over the week and 2.91% over the month.
Profit margin for the company is -22377.56%. Distance from 52-week low is 171.52% and -42.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-135.17%).
The EPS is expected to grow by 156.55% this year
58.0 institutions hold shares in POET Technologies Inc (POET), with institutional investors hold 3.81% of the company’s shares. The shares outstanding are 84.44M, and float is at 83.59M with Short Float at 3.80%. 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.
