POET Technologies Inc (NASDAQ: POET) is 118.38% higher on its value in year-to-date trading and has touched a low of $2.27 and a high of $7.79 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The POET stock was last observed hovering at around $6.1 in the last trading session, with the day’s gains setting it 0.91%.
Currently trading at $7.01, the stock is 42.53% and 52.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.54 million and changing 14.92% at the moment leaves the stock 57.75% off its SMA200. POET registered 17.82% gain for a year compared to 6-month loss of 13.80%. The firm has a 50-day simple moving average (SMA 50) of $4.5864 and a 200-day simple moving average (SMA200) of $4.44405.
The stock witnessed a 66.51% gain in the last 1 month and extending the period to 3 months gives it a 118.38%, and is 21.49% 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 10.31% over the week and 8.22% over the month.
Profit margin for the company is -22377.56%. Distance from 52-week low is 208.81% and -10.01% 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 7,993.92% 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 3.54% of the company’s shares. The shares outstanding are 84.59M, and float is at 83.81M with Short Float at 4.74%. Institutions hold 3.52% 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.
