In the past week, POET stock has gone down by -18.00%, with a monthly gain of 57.69% and a quarterly surge of 45.39%. The volatility ratio for the week is 25.35%, and the volatility levels for the last 30 days are 17.94% for POET Technologies Inc The simple moving average for the past 20 days is 26.13% for POET’s stock, with a -1.89% simple moving average for the past 200 days.
Is It Worth Investing in POET Technologies Inc (NASDAQ: POET) Right Now?
The stock has a 36-month beta value of 0.41. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for POET is 41.89M, and at present, short sellers hold a 0.70% of that float. On May 06, 2024, the average trading volume of POET was 585.43K shares.
POET) stock’s latest price update
The stock of POET Technologies Inc (NASDAQ: POET) has decreased by -13.50 when compared to last closing price of 2.37.Despite this, the company has seen a loss of -18.00% in its stock price over the last five trading days. Seeking Alpha reported 2024-02-16 that POET Technologies has developed the world’s first wafer-level optical interposer, with strong interest from data center customers and series production ramping up. The company also aims to deliver photonics solutions for the AI market and has signed a partnership and sales agreement with Celestial AI. It expects a $19 billion TAM by 2029 and plans to expand into other markets such as LIDAR and AR/VR.
POET Trading at 41.51% from the 50-Day Moving Average
After a stumble in the market that brought POET to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.14% of loss for the given period.
Volatility was left at 17.94%, however, over the last 30 days, the volatility rate increased by 25.35%, as shares surge +70.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +51.85% upper at present.
During the last 5 trading sessions, POET fell by -18.00%, which changed the moving average for the period of 200-days by -51.76% in comparison to the 20-day moving average, which settled at $1.67. In addition, POET Technologies Inc saw 119.16% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for POET
Current profitability levels for the company are sitting at:
- -43.76 for the present operating margin
- -3.13 for the gross margin
The net margin for POET Technologies Inc stands at -43.42. The total capital return value is set at -3.3. Equity return is now at value -247.52, with -167.72 for asset returns.
Based on POET Technologies Inc (POET), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -75.96. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -290.74.
Currently, EBITDA for the company is -18.82 million with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 172.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
To sum up, POET Technologies Inc (POET) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
