POET Technologies Inc (NASDAQ:POET)’s traded shares stood at 3.46 million during the last session, with the company’s beta value hitting 0.34. At the close of trading, the stock’s price was $5.77, to imply an increase of 10.33% or $0.54 in intraday trading. The POET share’s 52-week high remains $7.79, putting it -35.01% down since that peak but still an impressive 60.66% since price per share fell to its 52-week low of $2.27. The company has a valuation of $488.08M, with an average of 2.75 million shares in intraday trading volume over the past 10 days and average of 1.04 million shares over the past 3 months.
POET Technologies Inc (NASDAQ:POET) trade information
After registering a 10.33% upside in the last session, POET Technologies Inc (POET) has traded red over the past five days. The 5-day price performance for the stock is 13.81%, and 38.04% over 30 days. With these gigs, the year-to-date price performance is 178.74%. Short interest in POET Technologies Inc (NASDAQ:POET) saw shorts transact 3.98 million shares and set a 4.82 days time to cover.
The extremes give us $3.5 and $3.5 for target low and target high price respectively. As such, POET has been trading 39.34% off suggested target high and 39.34% from its likely low.
POET Technologies Inc (POET) estimates and forecasts
The rating firms project that company’s revenue will grow 7,993.92% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 386.18k. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 699.42k.
POET Dividends
POET Technologies Inc has its next earnings report out on 2025-May-14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
POET Technologies Inc (NASDAQ:POET)’s Major holders
POET Technologies Inc insiders hold 0.59% of total outstanding shares, with institutional holders owning 3.52% of the shares at 3.54% float percentage. In total, 3.52% institutions holds shares in the company, led by MMCAP INTERNATIONAL INC. SPC. As of 2024-06-30, the company held over 2.86 million shares (or 5.079% of shares), all amounting to roughly $5.93 million.
The next major institution holding the largest number of shares is SUSQUEHANNA INTERNATIONAL GROUP, LLP with 0.13 million shares, or about 0.2222% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.26 million.
Going by data provided on Apr 30, 2025 , Fidelity Concord Street Trust-Fidelity Nasdaq Composite Index Fund holds roughly 33.9 shares. This is just over 0.04% of the total shares, with a market valuation of $0.2 million
