POET Technologies Inc (NASDAQ:POET) has a beta value of 0.49 and has seen 0.54 million shares traded in the recent trading session. The company, currently valued at $294.17M, closed the recent trade at $3.77 per share which meant it lost -$0.01 on the day or -0.26% during that session. The POET stock price is -106.63% off its 52-week high price of $7.79 and 73.47% above the 52-week low of $1.00. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.43 million shares traded. The 3-month trading volume is 1.67 million shares.
POET Technologies Inc (NASDAQ:POET) trade information
Sporting -0.26% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the POET stock price touched $3.77 or saw a rise of 15.09%. Year-to-date, POET Technologies Inc shares have moved -36.64%, while the 5-day performance has seen it change -14.12%. Over the past 30 days, the shares of POET Technologies Inc (NASDAQ:POET) have changed 9.28%. Short interest in the company has seen 3.61 million shares shorted with days to cover at 2.74.
Wall Street analysts have a consensus price target for the stock at $3.5, which means that the shares’ value could drop -7.71% from the levels at last check today. The projected low price target is $3.5 while the price target rests at a high of $3.5. In that case, then, we find that the latest price level in today’s session is 7.16% off the targeted high while a plunge would see the stock lose 7.16% from the levels at last check today.
POET Technologies Inc (POET) estimates and forecasts
The company’s shares have lost -14.12% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 9,743.44%.
2 analysts offering their estimates for the company have set an average revenue estimate of 560.5k for the current quarter. 2 have an estimated revenue figure of 1.05M for the next ending quarter. If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 2.67% over the past 5 years.
POET Dividends
POET Technologies Inc is expected to release its next earnings report on 2024-Nov-13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
POET Technologies Inc (NASDAQ:POET)’s Major holders
Insiders own 0.74% of the company shares, while shares held by institutions stand at 7.12% with a share float percentage of 7.18%. Investors are also buoyed by the number of investors in a company, with POET Technologies Inc having a total of 61.0 institutions that hold shares in the company. The top two institutional holders are MMCAP INTERNATIONAL INC. SPC with over 2.86 million shares worth more than $5.93 million. As of 2024-06-30, MMCAP INTERNATIONAL INC. SPC held 5.079% of shares outstanding.
The other major institutional holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP, with the holding of over 0.13 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.26 million and represent 0.2692% of shares outstanding.
