POET Technologies Inc (NASDAQ: POET) has experienced a rise in its stock price by 7.82 compared to its previous closing price of 3.77. However, the company has seen a gain of 8.11% in its stock price over the last five trading days. fool.com reported 2024-10-29 that These three under-the-radar small-cap companies offer potential for substantial returns, though they come with higher volatility than their larger peers.
Is It Worth Investing in POET Technologies Inc (NASDAQ: POET) Right Now?
The 36-month beta value for POET is at 0.31. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for POET is 65.02M, and currently, shorts hold a 2.73% of that float. The average trading volume for POET on November 07, 2024 was 1.62M shares.
POET’s Market Performance
POET stock saw an increase of 8.11% in the past week, with a monthly gain of 2.65% and a quarterly increase of 62.60%. The volatility ratio for the week is 4.90%, and the volatility levels for the last 30 days are 6.85% for POET Technologies Inc (POET). The simple moving average for the past 20 days is 5.45% for POET’s stock, with a 67.72% simple moving average for the past 200 days.
POET Trading at 8.72% 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 -27.41% of loss for the given period.
Volatility was left at 6.85%, however, over the last 30 days, the volatility rate increased by 4.90%, as shares surge +4.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.39% upper at present.
During the last 5 trading sessions, POET rose by +6.65%, which changed the moving average for the period of 200-days by +251.75% in comparison to the 20-day moving average, which settled at $3.85. In addition, POET Technologies Inc saw 334.57% 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 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -39.98. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -253.78.
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 2084.26. The receivables turnover for the company is 0.96for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.71.
Conclusion
In conclusion, POET Technologies Inc (POET) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
