POET Technologies Inc [NASDAQ: POET] surged by $803735.69 during the normal trading session on Wednesday and reaching a high of $5.323 during the day while it closed the day at $803740.0.
POET Technologies Inc stock has also gained 25.50% of its value over the past 7 days. However, POET stock has inclined by 15.49% in the 3 months of the year. Over the past six months meanwhile, it has gained 5.41% and gained 169.68% year-on date.
The market cap for POET stock reached $428.87 million, with 84.59 million shares outstanding and 83.81 million shares in the current float. Compared to the average trading volume of 803.74K shares, POET reached a trading volume of 7402484 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about POET Technologies Inc [POET]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for POET shares is $7.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on POET stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northland Capital have made an estimate for POET Technologies Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 18, 2024.
The Price to Book ratio for the last quarter was 12.20, with the Price to Cash per share for the same quarter was set at 0.58.
POET stock trade performance evaluation
POET Technologies Inc [POET] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.50. With this latest performance, POET shares gained by 15.75% in over the last four-week period, additionally plugging by 5.41% over the last 6 months – not to mention a drop of -14.79% in the past year of trading.
POET Technologies Inc [POET]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and POET Technologies Inc [POET] shares currently have an operating margin of -17286.15% and a Gross Margin at -1021.84%. POET Technologies Inc’s Net Margin is presently recorded at -22377.56%.
Return on Equity for this stock declined to -121.10%, with Return on Assets sitting at -121.10%.
POET Technologies Inc [POET]: Institutional Ownership
There are presently around $3.52%, or 3.54% of POET stock, in the hands of institutional investors. The top three institutional holders of POET stocks are: MMCAP INTERNATIONAL INC. SPC with ownership of 2.86 million shares, which is approximately 5.079%. SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 0.13 million shares of the stock with an approximate value of $$0.26 million in POET stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $$0.22 million in POET stock with ownership which is approximately 0.2192%.
