In the latest trading session, 1.16 million POET Technologies Inc (NASDAQ:POET) shares changed hands as the company’s beta touched 0.28. With the company’s most recent per share price at $3.39 changing hands around $0.61 or 21.94% at last look, the market valuation stands at $220.45M. POET’s current price is a discount, trading about -21.53% off its 52-week high of $4.12. The share price had its 52-week low at $0.72, which suggests the last value was 78.76% up since then. When we look at POET Technologies Inc’s average trading volume, we note the 10-day average is 0.41 million shares, with the 3-month average coming to 906.31K.
POET Technologies Inc (NASDAQ:POET) trade information
Instantly POET is in green as seen in intraday trades today. With action 32.94%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 262.41%, with the 5-day performance at 32.94% in the green. However, in the 30-day time frame, POET Technologies Inc (NASDAQ:POET) is 10.42% up. Looking at the short shares, we see there were 1.16 million shares sold at short interest cover period of 0.65 days.
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POET Technologies Inc (POET) estimates and forecasts
Data shows that the POET Technologies Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 145.65% over the past 6 months, a 23.53% in annual growth rate that is considerably higher than the industry average of -6.30%. Year-over-year growth is forecast to reach 60.90% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 60k. 2 analysts are of the opinion that POET Technologies Inc’s revenue for the current quarter will be 190k. The estimates for the next quarter sales put growth at 75.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 2.67%. The 2024 estimates are for POET Technologies Inc earnings to decrease by -14.37%, but the outlook for the next 5-year period is at 20.00% per year.
POET Dividends
POET Technologies Inc is expected to release its next quarterly earnings report on 2024-Nov-12.
POET Technologies Inc (NASDAQ:POET)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.88% of POET Technologies Inc shares while 5.67% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 5.72%. There are 5.67% institutions holding the POET Technologies Inc stock share, with MMCAP INTERNATIONAL INC. SPC the top institutional holder. As of 2024-03-31, the company held 0.6816% of the shares, roughly 0.29 million POET shares worth $0.39 million.
SUSQUEHANNA INTERNATIONAL GROUP, LLP holds the second largest percentage of outstanding shares, with 0.3338% or 0.14 million shares worth $0.19 million as of 2024-03-31.
With 6.51 shares estimated at $21948.0 under it, the former controlled 0.01% of total outstanding shares.
