POET Technologies Inc (NASDAQ:POET) currently has a daily average trading volume of 1.54M but it saw 1533330 shares traded in last market. With a market cap of 252.56M USD, the company’s current market price of $3.85 came falling about -2.78 while comparing to the previous closing price of $3.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.60 and as low as $0.72. In the recent trading on the day, stock has struck highest price mark of $3.68 while lowest mark touched by it was $3.9299.
Taking a look at 20-day trading activity of POET Technologies Inc (POET) gives us an average price of $4.00, while its current price level is -31.25% below from 52-week high level whereas it is 434.72% 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 $3.33 while that of 200 days or SMA-200 reads an average of $2.14. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.37% during that period while stretching the period over a month that increases to 11.94%. 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 49.81 which implies that the stock is in neutral territory.
Over the week, POET’s stock price is moving -11.49% down while it is 27.48% when we observe its performance for the past one month. Year-to-date it is 311.59% up and over the past year, the stock is showing an upside performance of 22.03%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.13 beaten by the consensus estimate of -0.1 for the same. The company is expected to be releasing its next quarterly report on 2024-Nov-12, for which analysts forecasted an EPS of -0.08 while estimate for next year EPS is -0.41. In next quarter, company is expected to be making quarterly sales of $90k as analysts are expecting the sales for current fiscal year at $600k and seeing the company making $6.55M in sales next year. Moreover, analysts are in estimates of $60k for current-quarter revenue.
Currently, POET Technologies Inc’s total number of outstanding shares is 65.60M with 0.82% of that held by the insiders while 5.24% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -97.01% and return on equity (ROE) at -133.36%. Stock’s beta reads 0.32. Stock has a price to book (P/B) ratio of 9.57 while price to sale or P/S ratio amounts to 2104.67. Its return on asset (ROA) is -114.48% on average.
