Look Past The Setbacks And Give POET Technologies Inc (NASDAQ: POET) Another Chance

POET Technologies Inc (NASDAQ:POET) currently has a daily average trading volume of 1.32M but it saw 970721 shares traded in last market. With a market cap of 182.73M USD, the company’s current market price of $2.81 came falling about -9.65 while comparing to the previous closing price of $3.11. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.50 and as low as $0.72.

Taking a look at 20-day trading activity of POET Technologies Inc (POET) gives us an average price of $2.96, while its current price level is -37.56% below from 52-week high level whereas it is 290.28% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.34 while that of 200 days or SMA-200 reads an average of $1.71. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.42% during that period while stretching the period over a month that increases to 15.08%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 50.39 which implies that the stock is in neutral territory.

Over the week, POET’s stock price is moving -21.51% down while it is 56.98% when we observe its performance for the past one month. Year-to-date it is 200.41% up and over the past year, the stock is showing a downside performance of -30.45%.

Currently, POET Technologies Inc’s total number of outstanding shares is 65.03M. Company’s return on investment (ROI) stands at -369.08% and return on equity (ROE) at -217.50%. Stock’s beta reads 0.32. Stock has a price to book (P/B) ratio of 25.28 while price to sale or P/S ratio amounts to 630.12. Its return on asset (ROA) is -160.77% on average.