The stock of POET Technologies Inc (NASDAQ: POET) has decreased by -3.42 when compared to last closing price of 5.41.Despite this, the company has seen a gain of 30.30% in its stock price over the last five trading days. globenewswire.com reported 2024-11-26 that TORONTO, Nov. 26, 2024 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Corporation”) (TSXV: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today announces its intention to complete a registered direct offering pursuant to which the Corporation expects to issue 5,555,556 common shares (the “Common Shares”) and warrants exercisable for 2,777,778 Common Shares (the “Warrant” and, together with the Common Shares, the “Offered Securities”). The combined price of one Common Share and the accompanying Warrant in respect of one-half Common Share will be US$4.50 (or approximately C$6.29), to raise aggregate gross proceeds to the Corporation of US$25,000,002 (the “Offering”). The Warrant will be exercisable at an exercise price of US$6.00 (or approximately C$8.39) per Common Share for a period of five years from the date of issuance.
Is It Worth Investing in POET Technologies Inc (NASDAQ: POET) Right Now?
The 36-month beta value for POET is at 0.43. Analysts have varying views on the stock, with 2 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 70.09M, and currently, shorts hold a 3.73% of that float. The average trading volume for POET on December 02, 2024 was 1.86M shares.
POET’s Market Performance
POET’s stock has seen a 30.30% increase for the week, with a 38.96% rise in the past month and a 75.93% gain in the past quarter. The volatility ratio for the week is 13.09%, and the volatility levels for the past 30 days are at 8.74% for POET Technologies Inc The simple moving average for the past 20 days is 25.85% for POET’s stock, with a 96.49% 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 26.54% 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 -6.70% of loss for the given period.
Volatility was left at 8.74%, however, over the last 30 days, the volatility rate increased by 13.09%, as shares surge +44.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +69.11% upper at present.
During the last 5 trading sessions, POET rose by +32.42%, which changed the moving average for the period of 200-days by +302.27% in comparison to the 20-day moving average, which settled at $4.16. In addition, POET Technologies Inc saw 458.58% 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:
- -197.25 for the present operating margin
- -11.5 for the gross margin
The net margin for POET Technologies Inc stands at -260.69. The total capital return value is set at -0.79. 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 1.39. When we switch over and look at the enterprise to sales, we see a ratio of 2649.54. The receivables turnover for the company is 0.27for 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 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
