During the last session, POET Technologies Inc (NASDAQ:POET)’s traded shares were 3.4 million, with the beta value of the company hitting 0.44. At the end of the trading day, the stock’s price was $4.35, reflecting an intraday loss of -9.56% or -$0.46. The 52-week high for the POET share is $5.83, that puts it down -34.02 from that peak though still a striking 82.3% gain since the share price plummeted to a 52-week low of $0.77. The company’s market capitalization is $307.59M, and the average intraday trading volume over the past 10 days was 2.79 million shares, and the average trade volume was 2.14 million shares over the past three months.

POET Technologies Inc (NASDAQ:POET) trade information

POET Technologies Inc (POET) registered a -9.56% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -9.56% in intraday trading to $4.35, hitting a weekly high. The stock’s 5-day price performance is -9.56%, and it has moved by 8.48% in 30 days. Based on these gigs, the overall price performance for the year is 450.22%. The short interest in POET Technologies Inc (NASDAQ:POET) is 2.11 million shares and it means that shorts have 1.53 day(s) to cover.

The consensus price target of analysts on Wall Street is $3.5, which implies a decrease of -24.29% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $3.5 respectively. As a result, POET is trading at a premium of 19.54% off the target high and 19.54% off the low.

POET Technologies Inc (POET) estimates and forecasts

Statistics show that POET Technologies Inc has outperformed its competitors in share price, compared to the industry in which it operates. POET Technologies Inc (POET) shares have gone up 145.76% during the last six months, with a year-to-date growth rate more than the industry average at 11.76% against -2.30. In the rating firms’ projections, revenue will decrease -90.53% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 46.67k as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 560.5k by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 145.53k and 11.85k respectively. In this case, analysts expect current quarter sales to shrink by -67.93% and then jump by 4,629.96% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 2.67%. While earnings are projected to return -18.73% in 2024, the next five years will return 20.00% per annum.

POET Dividends

POET Technologies Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

POET Technologies Inc (NASDAQ:POET)’s Major holders

POET Technologies Inc insiders own 0.81% of total outstanding shares while institutional holders control 8.80%, with the float percentage being 8.88%. MMCAP INTERNATIONAL INC. SPC is the largest shareholder of the company, while 37.0 institutions own stock in it. As of 2024-06-30, the company held over 2.86 million shares (or 6.1527% of all shares), a total value of $5.93 million in shares.

The next largest institutional holding, with 0.13 million shares, is of SUSQUEHANNA INTERNATIONAL GROUP, LLP’s that is approximately 0.2692% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.26 million.