On Friday, POET Technologies Inc (NASDAQ: POET) opened lower -6.95% from the last session, before settling in for the closing price of $6.19. Price fluctuations for POET have ranged from $3.09 to $7.79 over the past 52 weeks.
It was noted that within the last five years, the titan of the Technology sector saw sales slided by -13.09%. Company’s average yearly earnings per share was noted 53.60% at the time writing. With a float of $89.63 million, this company’s outstanding shares have now reached $90.72 million.
POET Technologies Inc (POET) Insider and Institutional Ownership
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 1.20%, while institutional ownership is 9.47%.
POET Technologies Inc (POET) Latest Financial update
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -0.03 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.08) by 0.05. 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 53.60% per share during the next fiscal year.
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 1.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1111.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.72, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.31 in one year’s time.
Technical Analysis of POET Technologies Inc (POET)
The latest stats from [POET Technologies Inc, POET] show that its last 5-days average volume of 5.88 million was superior to 1.69 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 57.49%.
During the past 100 days, POET Technologies Inc’s (POET) raw stochastic average was set at 50.40%, which indicates a significant increase from 43.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.41 in the past 14 days, which was higher than the 0.35 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.50, while its 200-day Moving Average is $4.85. Now, the first resistance to watch is $6.33. This is followed by the second major resistance level at $6.91. The third major resistance level sits at $7.22. If the price goes on to break the first support level at $5.44, it is likely to go to the next support level at $5.13. The third support level lies at $4.55 if the price breaches the second support level.
POET Technologies Inc (NASDAQ: POET) Key Stats
There are currently 90,723K shares outstanding in the company with a market cap of 522.55 million. Presently, the company’s annual sales total 40 K according to its annual income of -56,700 K. Last quarter, the company’s sales amounted to 270 K and its income totaled -17,260 K.
