On Friday, POET Technologies Inc (NASDAQ: POET) opened lower -1.94% from the last session, before settling in for the closing price of $4.12. Price fluctuations for POET have ranged from $0.72 to $5.60 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Technology Sector giant was 29.72%. Company’s average yearly earnings per share was noted -25.81% at the time writing. 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 Activity
A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of POET Technologies Inc is 0.88%, while institutional ownership is 5.62%.
POET Technologies Inc (POET) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.13 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.1) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
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
Check out the current performance indicators for POET Technologies Inc (POET). In the past quarter, the stock posted a quick ratio of 6.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2208.53.
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)
Looking closely at POET Technologies Inc (NASDAQ: POET), its last 5-days average volume was 1.58 million, which is a jump from its year-to-date volume of 0.97 million. As of the previous 9 days, the stock’s Stochastic %D was 45.92%. Additionally, its Average True Range was 0.40.
During the past 100 days, POET Technologies Inc’s (POET) raw stochastic average was set at 60.51%, which indicates a significant increase from 32.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.57% in the past 14 days, which was lower than the 110.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.49, while its 200-day Moving Average is $2.23. However, in the short run, POET Technologies Inc’s stock first resistance to watch stands at $4.21. Second resistance stands at $4.39. The third major resistance level sits at $4.51. If the price goes on to break the first support level at $3.91, it is likely to go to the next support level at $3.79. Should the price break the second support level, the third support level stands at $3.61.
POET Technologies Inc (NASDAQ: POET) Key Stats
There are currently 61,953K shares outstanding in the company with a market cap of 265.02 million. Presently, the company’s annual sales total 470 K according to its annual income of -20,270 K. Last quarter, the company’s sales amounted to 10 K and its income totaled -5,720 K.
