In the last trading session, 0.78 million shares of the POET Technologies Inc (NASDAQ:POET) were traded, and its beta was 0.51. Most recently the company’s share price was $3.20, and it changed around -$0.25 or -7.25% from the last close, which brings the market valuation of the company to $249.70M. POET currently trades at a discount to its 52-week high of $7.79, offering almost -143.44% off that amount. The share price’s 52-week low was $1.00, which indicates that the current value has risen by an impressive 68.75% since then.
POET Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended POET as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. POET Technologies Inc is expected to report earnings per share of -0.07 for the current quarter.
POET Technologies Inc (NASDAQ:POET) trade information
Instantly POET has showed a red trend with a performance of -7.25% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.33 on recent trading dayincreased the stock’s daily price by 26.1%. The company’s shares are currently down -46.22% year-to-date, but still down -19.40% over the last five days. On the other hand, POET Technologies Inc (NASDAQ:POET) is -32.91% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $3.5, which translates to bulls needing to increase their stock price by 8.57% from its current value. Analyst projections state that POET is forecast to be at a low of $3.5 and a high of $3.5.
POET Technologies Inc (POET) estimates and forecasts
The year-over-year growth rate is expected to be -90.53%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 46.67k in revenue for the current quarter. 2 analysts expect POET Technologies Inc to make 560.5k in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 145.53k and 11.85k respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -67.93%. Forecasts for the next quarter put sales growth at 4,629.96%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 2.67%. POET Technologies Inc earnings are expected to increase by -14.37% in 2025, but the outlook is positive 28.90% per year for the next five years.
POET Technologies Inc (NASDAQ:POET)’s Major holders
SUSQUEHANNA INTERNATIONAL GROUP, LLP, with 0.2692% or 0.13 million shares worth $0.26 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
The former held 26.14 shares worth $82312.0, making up 0.03% of all outstanding shares.
