POET Technologies Inc (NASDAQ: POET): Retirees Don’t Worry About Volatility

POET Technologies Inc (NASDAQ:POET) currently has a daily average trading volume of 1.05M but it saw 544990 shares traded in last market. With a market cap of 192.86M USD, the company’s current market price of $2.94 came rising about 0.34 while comparing to the previous closing price of $2.93. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.05 and as low as $0.72. In the recent trading on the day, stock has struck highest price mark of $2.835 while lowest mark touched by it was $2.99.

Taking a look at 20-day trading activity of POET Technologies Inc (POET) gives us an average price of $2.93, while its current price level is -27.41% below from 52-week high level whereas it is 308.33% 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 $2.90 while that of 200 days or SMA-200 reads an average of $1.79. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.43% during that period while stretching the period over a month that increases to 9.18%. 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 50.51 which implies that the stock is in neutral territory.

Year-to-date it is 214.30% up and over the past year, the stock is showing a downside performance of -20.11%.

Currently, POET Technologies Inc’s total number of outstanding shares is 65.60M. Company’s return on investment (ROI) stands at -97.01% and return on equity (ROE) at -133.36%. Stock’s beta reads 0.31. Stock has a price to book (P/B) ratio of 7.31 while price to sale or P/S ratio amounts to 1607.20. Its return on asset (ROA) is -114.48% on average.