POET Technologies Inc (NASDAQ: POET) on Friday, soared 2.36% from the previous trading day, before settling in for the closing price of $4.66. Within the past 52 weeks, POET’s price has moved between $1.00 and $7.79.
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 37.15%. The company achieved an average annual earnings per share of -14.37%. With a float of $69.92 million, this company’s outstanding shares have now reached $70.21 million.
In terms of profitability, gross margin is -1150.33%, operating margin of -19725.34%, and the pretax margin is -25646.14%.
POET Technologies Inc (POET) Insider Activity
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of POET Technologies Inc is 1.11%, while institutional ownership is 9.00%.
POET Technologies Inc (POET) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -14.37% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 28.90% 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
POET Technologies Inc (POET) is currently performing well based on its current performance indicators. A quick ratio of 2.20 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2810.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.59, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.24 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 1.77 million, which is a drop from its year-to-date volume of 2.23 million. As of the previous 9 days, the stock’s Stochastic %D was 15.90%. Additionally, its Average True Range was 0.51.
During the past 100 days, POET Technologies Inc’s (POET) raw stochastic average was set at 40.08%, which indicates a significant increase from 24.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.57% in the past 14 days, which was lower than the 111.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.08, while its 200-day Moving Average is $3.45. However, in the short run, POET Technologies Inc’s stock first resistance to watch stands at $5.10. Second resistance stands at $5.42. The third major resistance level sits at $5.64. If the price goes on to break the first support level at $4.56, it is likely to go to the next support level at $4.34. Should the price break the second support level, the third support level stands at $4.02.
POET Technologies Inc (NASDAQ: POET) Key Stats
Market capitalization of the company is 337.29 million based on 76,594K outstanding shares. Right now, sales total 470 K and income totals -20,270 K. The company made 0 K in profit during its latest quarter, and -7,980 K in sales during its previous quarter.
