POET Technologies Inc [NASDAQ: POET] gained 18.33% or 0.94 points to close at $6.1 with a heavy trading volume of 4366312 shares.
It opened the trading session at $5.3, the shares rose to $6.18 and dropped to $5.21, the range by which the price of stock traded the whole day. The daily chart for POET points out that the company has recorded -9.63% loss over the past six months.
If we look at the average trading volume of 1.12M shares, POET reached to a volume of 4366312 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 14.67, with the Price to Cash per share for the same quarter was set at 0.58.
Trading performance analysis for POET stock
POET Technologies Inc [POET] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.63. With this latest performance, POET shares gained by 45.58% in over the last four-week period, additionally sinking by -9.63% over the last 6 months – not to mention a rise of 2.52% in the past year of trading.
POET Technologies Inc [POET]: A deeper dive into fundamental analysis
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%.
An analysis of Institutional ownership at POET Technologies Inc [POET]
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%.
