During the last session, POET Technologies Inc (NASDAQ:POET)’s traded shares were 0.73 million, with the beta value of the company hitting 0.53. At the end of the trading day, the stock’s price was $3.59, reflecting an intraday gain of 5.28% or $0.18. The 52-week high for the POET share is $7.79, that puts it down -116.99 from that peak though still a striking 72.14% gain since the share price plummeted to a 52-week low of $1.00. The company’s market capitalization is $280.13M, and the average trade volume was 2.28 million shares over the past three months.
POET Technologies Inc (NASDAQ:POET) trade information
POET Technologies Inc (POET) registered a 5.28% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.28% in intraday trading to $3.59, hitting a weekly high. The stock’s 5-day price performance is -8.77%, and it has moved by -28.63% in 30 days. Based on these gigs, the overall price performance for the year is 174.05%.
The consensus price target of analysts on Wall Street is $3.5, which implies a decrease of -2.57% 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 2.51% off the target high and 2.51% off the low.
POET Technologies Inc (POET) estimates and forecasts
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 -14.37% in 2025, the next five years will return 28.90% per annum.
POET Dividends
POET Technologies Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
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.
Data provided on Dec 31, 2024 indicates that Fidelity NASDAQ Composite Index Fund owns about 26.14 shares. This amounts to just over 0.03 percent of the company’s overall shares, with a $93842.0 market value.
