In the past week, POET stock has gone down by -4.98%, with a monthly gain of 4.45% and a quarterly surge of 63.98%. The volatility ratio for the week is 8.57%, and the volatility levels for the last 30 days are 10.42% for POET Technologies Inc. The simple moving average for the past 20 days is 8.44% for POET’s stock, with a 76.58% simple moving average for the past 200 days.
Is It Worth Investing in POET Technologies Inc (NASDAQ: POET) Right Now?
The 36-month beta value for POET is also noteworthy at 0.28. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for POET is 64.42M, and at present, short sellers hold a 1.81% of that float. The average trading volume of POET on August 27, 2024 was 995.20K shares.
POET) stock’s latest price update
POET Technologies Inc (NASDAQ: POET)’s stock price has gone decline by -4.09 in comparison to its previous close of 3.18, however, the company has experienced a -4.98% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-08-14 that Tier One Design Wins and Strong Balance Sheet Support Penetration into AI Networks Tier One Design Wins and Strong Balance Sheet Support Penetration into AI Networks
POET Trading at 11.63% 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 -25.97% of loss for the given period.
Volatility was left at 10.42%, however, over the last 30 days, the volatility rate increased by 8.57%, as shares surge +10.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +79.29% upper at present.
During the last 5 trading sessions, POET fell by -5.61%, which changed the moving average for the period of 200-days by +136.72% in comparison to the 20-day moving average, which settled at $2.83. In addition, POET Technologies Inc saw 226.06% 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:
- -189.54 for the present operating margin
- -16.1 for the gross margin
The net margin for POET Technologies Inc stands at -204.94. The total capital return value is set at -0.9. Equity return is now at value -133.36, with -114.48 for asset returns.
Based on POET Technologies Inc (POET), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -89.7. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -253.79.
Currently, EBITDA for the company is -18.82 million with net debt to EBITDA at 1.01. When we switch over and look at the enterprise to sales, we see a ratio of 1478.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.71.
Conclusion
In summary, POET Technologies Inc (POET) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
