POET Technologies Inc (NASDAQ: POET) on Monday, plunged -8.50% from the previous trading day, before settling in for the closing price of $3.59. Within the past 52 weeks, POET’s price has moved between $1.00 and $7.79.
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A company in the Technology sector has jumped its sales by 37.15% annually for the last half of the decade. The company achieved an average annual earnings per share of -14.37%. With a float of $77.17 million, this company’s outstanding shares have now reached $78.03 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 and Institutional Ownership
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 7.13%.
POET Technologies Inc (POET) Latest Financial update
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 2136.07.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.04 million. That was inferior than the volume of 1.81 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 25.66%. Additionally, its Average True Range was 0.40.
During the past 100 days, POET Technologies Inc’s (POET) raw stochastic average was set at 3.94%, which indicates a significant decrease from 9.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 92.64% in the past 14 days, which was lower than the 105.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.93, while its 200-day Moving Average is $3.74. However, in the short run, POET Technologies Inc’s stock first resistance to watch stands at $3.47. Second resistance stands at $3.66. The third major resistance level sits at $3.82. If the price goes on to break the first support level at $3.12, it is likely to go to the next support level at $2.96. The third support level lies at $2.77 if the price breaches the second support level.
POET Technologies Inc (NASDAQ: POET) Key Stats
Market capitalization of the company is 256.33 million based on 78,035K 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.
