POET Technologies Inc [NASDAQ: POET] price plunged by -6.17 percent to reach at -$0.44.
A sum of 3410220 shares traded at recent session while its average daily volume was at 1.44M shares. POET Technologies Inc shares reached a high of $7.07 and dropped to a low of $6.65 until finishing in the latest session at $6.69.
The one-year POET stock forecast points to a potential upside of 9.59. The average equity rating for POET stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 16.09, with the Price to Cash per share for the same quarter was set at 0.58.
POET Stock Performance Analysis:
POET Technologies Inc [POET] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.67. With this latest performance, POET shares gained by 60.43% in over the last four-week period, additionally plugging by 45.75% over the last 6 months – not to mention a rise of 12.44% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for POET stock in for the last two-week period is set at 64.88, with the RSI for the last a single of trading hit 0.60, and the three-weeks RSI is set at 0.48 for POET Technologies Inc [POET]. The present Moving Average for the last 50 days of trading for this stock 4.82, while it was recorded at 7.09 for the last single week of trading, and 4.50 for the last 200 days.
Insight into POET Technologies Inc 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%. When it comes to the capital structure of this company, POET Technologies Inc [POET] has a Total Debt to Total Equity ratio set at 0.23.
POET Technologies Inc [POET] Institutonal Ownership Details
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%.
