Nothing is Better Than POET Technologies Inc (POET) stock at the moment

With 5.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.74 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $5.35 whereas the lowest price it dropped to was $4.35. The 52-week range on POET shows that it touched its highest point at $5.60 and its lowest point at $0.72 during that stretch. It currently has a 1-year price target of $5.96. Beta for the stock currently stands at 0.34.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of POET was up-trending over the past week, with a rise of 24.32%, but this was up by 32.46% over a month. Three-month performance surged to 72.11% while six-month performance rose 166.32%. The stock gained 286.26% in the past year, while it has gained 440.95% so far this year. A look at the trailing 12-month EPS for POET yields -0.59 with Next year EPS estimates of -0.30. For the next quarter, that number is -0.07. This implies an EPS growth rate of -18.73% for this year and 18.35% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.67%.

Float and Shares Shorts:

At present, 70.71 million POET shares are outstanding with a float of 70.09 million shares on hand for trading. On 2024-10-31, short shares totaled 2.11 million, which was 304.0 higher than short shares on 1727654400. In addition to Dr. Suresh V. Venkatesan Ph.D. as the firm’s Executive Chairman & CEO, Mr. Thomas R. Mika MBA serves as its Executive VP, CFO & Secretary.

Institutional Ownership:

Through their ownership of 0.08803 of POET’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, POET reported revenue of $3685.0 and operating income of -$6746556.0. The EBITDA in the recently reported quarter was -$6004264.0 and diluted EPS was -$0.2.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential. With POET analysts setting a high price target of 6.37 and a low target of 5.5, the average target price over the next 12 months is 5.95667. Based on these targets, POET could surge 25.89% to reach the target high and rise by 8.7% to reach the target low. Reaching the average price target will result in a growth of 17.72% from current levels.

Analysts have provided yearly estimates in a range of -$0.35565 being high and -$0.37063 being low. For POET, this leads to a yearly average estimate of -$0.36333. The surprise factor in the prior quarter was -$0.08. Based on analyst estimates, the high estimate for the next quarter is -$0.07 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.07.