In the latest trading session, 0.8 million POET Technologies Inc (NASDAQ:POET) shares changed hands as the company’s beta touched 0.59. With the company’s most recent per share price at $4.21 changed hands at -$0.19 or -4.32% at last look, the market valuation stands at $328.51M. POET’s current price is a discount, trading about -85.04% off its 52-week high of $7.79. The share price had its 52-week low at $1.00, which suggests the last value was 76.25% up since then.

POET Technologies Inc (NASDAQ:POET) trade information

Instantly POET was in red as seen in intraday trades today. With action -14.43%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -29.24%, with the 5-day performance at -14.43% in the red. However, in the 30-day time frame, POET Technologies Inc (NASDAQ:POET) is -19.35% down.

The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need a downside of -20.29% from its recent market value. According to analyst projections, POET’s forecast low is 3.5 with 3.5 as the target high. To hit the forecast high, the stock’s price needs a 16.86% surge from its current level, while the stock would need to tank 16.86% for it to hit the projected low.

POET Technologies Inc (POET) estimates and forecasts

Year-over-year growth is forecast to reach -90.53% down from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 46.67k. 2 analysts are of the opinion that POET Technologies Inc’s revenue for the current quarter will be 560.5k. The company’s revenue for the corresponding quarters a year ago was 145.53k and 11.85k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -67.93%. The estimates for the next quarter sales put growth at 4,629.96%.

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 2025 estimates are for POET Technologies Inc earnings to decrease by -14.37%, but the outlook for the next 5-year period is at 28.90% per year.

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

SUSQUEHANNA INTERNATIONAL GROUP, LLP holds the second largest percentage of outstanding shares, with 0.2692% or 0.13 million shares worth $0.26 million as of 2024-06-30.

With 26.14 shares estimated at $0.11 million under it, the former controlled 0.03% of total outstanding shares.