POET Technologies Inc (NASDAQ: POET)’s stock price has decreased by -3.24 compared to its previous closing price of 4.01. However, the company has seen a 2.92% increase in its stock price over the last five trading sessions. 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 also noteworthy at 0.33. 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 65.02M, and at present, short sellers hold a 3.25% of that float. The average trading volume of POET on November 14, 2024 was 1.70M shares.
POET’s Market Performance
The stock of POET Technologies Inc (POET) has seen a 2.92% increase in the past week, with a 6.01% rise in the past month, and a 37.10% gain in the past quarter. The volatility ratio for the week is 8.46%, and the volatility levels for the past 30 days are at 7.28% for POET. The simple moving average for the last 20 days is 0.03% for POET stock, with a simple moving average of 56.49% for the last 200 days.
POET Trading at 1.71% 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 -30.71% of loss for the given period.
Volatility was left at 7.28%, however, over the last 30 days, the volatility rate increased by 8.46%, as shares sank -6.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.42% upper at present.
During the last 5 trading sessions, POET rose by +2.92%, which changed the moving average for the period of 200-days by +198.46% in comparison to the 20-day moving average, which settled at $3.88. In addition, POET Technologies Inc saw 314.80% 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:
- -189.55 for the present operating margin
- -16.1 for the gross margin
The net margin for POET Technologies Inc stands at -204.95. The total capital return value is set at -0.86. Equity return is now at value -133.36, with -114.48 for asset returns.
Currently, EBITDA for the company is -18.82 million with net debt to EBITDA at 0.93. When we switch over and look at the enterprise to sales, we see a ratio of 1960.29. 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 summary, POET Technologies Inc (POET) has had a better 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.
