Additionally, the 36-month beta value for POET is 0.31. 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.”
The public float for POET is 70.08M and currently, short sellers hold a 3.01% ratio of that float. The average trading volume of POET on November 19, 2024 was 1.75M shares.
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POET) stock’s latest price update
The stock price of POET Technologies Inc (NASDAQ: POET) has jumped by 8.08 compared to previous close of 3.65. Despite this, the company has seen a fall of -1.62% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-19 that POET Technologies is climbing the value ladder, transitioning from supplying optical engines to offering full optical transceiver modules. Its optical interposer combines photonic and electronic parts on one chip, cutting costs and increasing scalability compared to traditional methods. Collaborations with major players like Foxconn, Luxshare, and Mitsubishi Electric signal strong market interest, with potential volume production starting mid-2025.
POET’s Market Performance
POET’s stock has fallen by -1.62% in the past week, with a monthly drop of -1.38% and a quarterly rise of 22.52%. The volatility ratio for the week is 6.77% while the volatility levels for the last 30 days are 6.51% for POET Technologies Inc The simple moving average for the past 20 days is 3.00% for POET’s stock, with a 56.11% simple moving average for the past 200 days.
Analysts’ Opinion of POET
Many brokerage firms have already submitted their reports for POET stocks, with Northland Capital repeating the rating for POET by listing it as a “Outperform.” The predicted price for POET in the upcoming period, according to Northland Capital is $6 based on the research report published on November 18, 2024 of the current year 2024.
POET Trading at 1.56% 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 -29.55% of loss for the given period.
Volatility was left at 6.51%, however, over the last 30 days, the volatility rate increased by 6.77%, as shares surge +2.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.64% upper at present.
During the last 5 trading sessions, POET fell by -0.50%, which changed the moving average for the period of 200-days by +191.23% in comparison to the 20-day moving average, which settled at $3.83. In addition, POET Technologies Inc saw 321.74% 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 -161.80, with -104.23 for asset returns.
Currently, EBITDA for the company is -18.28 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 2168.03. 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 2.20.
Conclusion
In conclusion, POET Technologies Inc (POET) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
