A new trading day began on Tuesday, with POET Technologies Inc (NASDAQ: POET) stock price down -2.40% from the previous day of trading, before settling in for the closing price of $3.75. POET’s price has ranged from $0.72 to $5.60 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 29.72% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -25.81%. With a float of $65.02 million, this company’s outstanding shares have now reached $65.60 million.
In terms of profitability, gross margin is -1610.17%, operating margin of -18953.89%, and the pretax margin is -20059.43%.
POET Technologies Inc (POET) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of POET Technologies Inc is 0.88%, while institutional ownership is 5.61%.
POET Technologies Inc (POET) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -25.81% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to 2.67% growth over the previous five years of trading.
POET Technologies Inc (NASDAQ: POET) Trading Performance Indicators
Here are POET Technologies Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 6.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2000.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.52, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.31 in one year’s time.
Technical Analysis of POET Technologies Inc (POET)
Let’s dig in a bit further. During the last 5-days, its volume was 1.19 million. That was better than the volume of 0.95 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 8.56%. Additionally, its Average True Range was 0.38.
During the past 100 days, POET Technologies Inc’s (POET) raw stochastic average was set at 51.50%, which indicates a significant increase from 2.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.31% in the past 14 days, which was lower than the 111.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.39, while its 200-day Moving Average is $2.18. However, in the short run, POET Technologies Inc’s stock first resistance to watch stands at $3.78. Second resistance stands at $3.89. The third major resistance level sits at $3.97. If the price goes on to break the first support level at $3.59, it is likely to go to the next support level at $3.51. Assuming the price breaks the second support level, the third support level stands at $3.40.
POET Technologies Inc (NASDAQ: POET) Key Stats
With a market capitalization of 240.10 million, the company has a total of 61,953K Shares Outstanding. Currently, annual sales are 470 K while annual income is -20,270 K. The company’s previous quarter sales were 10 K while its latest quarter income was -5,720 K.
