POET Technologies Inc (POET) saw an uptrend of 2061449% in the recent trading with $783840.0 being its most recent. The current price level -44.67% lower than the highest price of $7.79 marked by the stock while trading over the past 52-weeks, whereas it is 155.03% higher than the lowest price of $1.69 the company dropped to over past 52-weeks. The latest news story on POET appeared in (GlobeNewswire) under the title “POET Signs Manufacturing Agreement with NationGate Solutions in Malaysia” on Today.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.00 for the stock.
POET Technologies Inc Earnings – What Happened With POET
Coming around sales and income figures on POET Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
POET Technologies Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 84.59 million. POET does have institutional investors; and they hold 3.51% of the stock.
As on 2024-06-30, MMCAP INTERNATIONAL INC. SPC was the top most holder in POET Technologies Inc (NASDAQ:POET) with an ownership of 2.86 million shares of the company or 5.079 of the stake worth $5.93 million. The filing also reveals SUSQUEHANNA INTERNATIONAL GROUP, LLP as the second largest holder in the company with a control over 0.2222 of the outstanding shares. Its stake is worth $0.26 million for having 0.13 million shares in hand.
BANK OF MONTREAL /CAN/ also came holding a key position in the company during the recent quarter and it now holds 0.2192 of the outstanding shares. With this there are now 58.0 institutions which have possession in POET’s shares.
Key Metrics forPOET
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, POET Technologies Inc has a debt to equity ratio of 0.23.
Technical Analysis of POET Technologies Inc (NASDAQ:POET) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for POET Technologies Inc (POET), we notice that the stock’s 20-day average volume is at 951,995 shares and 50% of short term indicators are suggesting the stock as Buy. And to end with, POET’s 100-day average volume are 1,044,645 shares.
