The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, POET Technologies Inc (NASDAQ: POET) closed at $4.34 up 3.83% from its previous closing price of $4.18. In other words, the price has increased by $3.83 from its previous closing price. On the day, 0.87 million shares were traded.
Ratios:
For a deeper understanding of POET Technologies Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.59 and its Current Ratio is at 1.59. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Northland Capital on November 18, 2024, initiated with a Outperform rating and assigned the stock a target price of $6.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1832.35 while its Price-to-Book (P/B) ratio in mrq is 10.44.
Stock Price History:
Over the past 52 weeks, POET has reached a high of $7.79, while it has fallen to a 52-week low of $1.65. The 50-Day Moving Average of the stock is 5.15%, while the 200-Day Moving Average is calculated to be 2.71%.
Shares Statistics:
A total of 84.44M shares are outstanding, with a floating share count of 83.59M. Insiders hold about 1.01% of the company’s shares, while institutions hold 3.52% stake in the company.
