In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of POET Technologies Inc (NASDAQ: POET) was $3.33 for the day, down -7.51% from the previous closing price of $3.60. In other words, the price has decreased by -$7.51 from its previous closing price. On the day, 1.73 million shares were traded. POET stock price reached its highest trading level at $3.5793 during the session, while it also had its lowest trading level at $3.2.
Ratios:
Our analysis of POET’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.03.
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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, POET now has a Market Capitalization of 279205248 and an Enterprise Value of 215856736. For the stock, the TTM Price-to-Sale (P/S) ratio is 6489.57 while its Price-to-Book (P/B) ratio in mrq is 12.30. Its current Enterprise Value per Revenue stands at 5210.533 whereas that against EBITDA is -7.639.
Stock Price History:
The Beta on a monthly basis for POET is 0.26, which has changed by 1.7750001 over the last 52 weeks, in comparison to a change of -0.028342128 over the same period for the S&P500. Over the past 52 weeks, POET has reached a high of $7.79, while it has fallen to a 52-week low of $1.00. The 50-Day Moving Average of the stock is -20.92%, while the 200-Day Moving Average is calculated to be -15.65%.
Shares Statistics:
POET traded an average of 1.56M shares per day over the past three months and 1091910 shares per day over the past ten days. A total of 78.07M shares are outstanding, with a floating share count of 77.29M. Insiders hold about 1.01% of the company’s shares, while institutions hold 7.12% stake in the company. Shares short for POET as of 1741910400 were 3614708 with a Short Ratio of 2.31, compared to 1739491200 on 3540539. Therefore, it implies a Short% of Shares Outstanding of 3614708 and a Short% of Float of 4.77.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
