POET Technologies Inc (NASDAQ:POET) has a beta value of 0.33 and has seen 3.75 million shares traded in the last trading session. The company, currently valued at $629.35M, closed the last trade at $7.44 per share which meant it gained $0.27 on the day or 3.77% during that session. The POET stock price is -4.7% off its 52-week high price of $7.79 and 69.49% above the 52-week low of $2.27. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.3 million shares traded. The 3-month trading volume is 1.35 million shares.
POET Technologies Inc (NASDAQ:POET) trade information
Sporting 3.77% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the POET stock price touched $7.44 or saw a rise of 2.11%. Year-to-date, POET Technologies Inc shares have moved 134.70%, while the 5-day performance has seen it change 40.38%. Over the past 30 days, the shares of POET Technologies Inc (NASDAQ:POET) have changed 78.85%. Short interest in the company has seen 3.98 million shares shorted with days to cover at 4.82.
Wall Street analysts have a consensus price target for the stock at $3.5, which means that the shares’ value could drop -112.57% from current levels. 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 current price level is 52.96% off the targeted high while a plunge would see the stock lose 52.96% from current levels.
POET Technologies Inc (POET) estimates and forecasts
The company’s shares have gained 35.15% over the past 6 months.
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 -13.09% over the past 5 years.
POET Dividends
POET Technologies Inc is expected to release its next earnings report on 2025-May-14 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 0.59% of the company shares, while shares held by institutions stand at 3.52% with a share float percentage of 3.54%. Investors are also buoyed by the number of investors in a company, with POET Technologies Inc having a total of 58.0 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 0.2222% of shares outstanding.
