In the latest trading session,, 0.58 million POET Technologies Inc (NASDAQ:POET) shares changed hands as the company’s beta touched 0.28. With the company’s most recent per share price at $5.44 changing hands around $0.22 or 4.17% at last look, the market valuation stands at $459.98M. POET’s current price is a discount, trading about -43.2% off its 52-week high of $7.79. The share price had its 52-week low at $1.83, which suggests the last value was 66.36% up since then. When we look at POET Technologies Inc’s average trading volume, we note the 10-day average is 2.32 million shares, with the 3-month average coming to 1.02 million.
POET Technologies Inc (NASDAQ:POET) trade information
Instantly POET is in green as seen in intraday trades today. With action 37.32%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 212.52%, with the 5-day performance at 37.32% in the green. However, in the 30-day time frame, POET Technologies Inc (NASDAQ:POET) is 23.31% up. Looking at the short shares, we see there were 3.98 million shares sold at short interest cover period of 4.82 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need a downside of -55.43% 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 35.66% surge from its current level, while the stock would need to tank 35.66% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -13.09%. The 2025 estimates are for POET Technologies Inc earnings to increase by 156.55%.
POET Dividends
POET Technologies Inc is expected to release its next quarterly earnings report on 2025-May-14.
POET Technologies Inc (NASDAQ:POET)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.59% of POET Technologies Inc shares while 3.52% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 3.54%. There are 3.52% institutions holding the POET Technologies Inc stock share, with MMCAP INTERNATIONAL INC. SPC the top institutional holder. As of 2024-06-30, the company held 5.079% of the shares, roughly 2.86 million POET shares worth $5.93 million.
SUSQUEHANNA INTERNATIONAL GROUP, LLP holds the second largest percentage of outstanding shares, with 0.2222% or 0.13 million shares worth $0.26 million as of 2024-06-30.
