Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
POET Technologies Inc (NASDAQ: POET) closed the day trading at $4.74 down -3.66% from the previous closing price of $4.92. In other words, the price has decreased by -$3.66 from its previous closing price. On the day, 1.68 million shares were traded.
Ratios:
For a better understanding of POET, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.20 and its Current Ratio is at 2.20. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
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.
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 $1.00. The 50-Day Moving Average of the stock is -8.22%, while the 200-Day Moving Average is calculated to be 31.02%.
Shares Statistics:
A total of 70.21M shares are outstanding, with a floating share count of 69.92M. Insiders hold about 1.11% of the company’s shares, while institutions hold 7.85% stake in the company.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 2.0 analysts currently analyzing and rating the stock of POET Technologies Inc (POET).The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.07 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.44 and -$0.44 for the fiscal current year, implying an average EPS of -$0.44. EPS for the following year is -$0.28, with 2.0 analysts recommending between -$0.24 and -$0.32.
Revenue Estimates
For the next quarter, 3 analysts are estimating revenue of $560.5k. There is a high estimate of $701k for the next quarter, whereas the lowest estimate is $420k.
Based on 3 analysts’ estimates, the company’s revenue will be $5.86M in the next fiscal year. The high estimate is $7M and the low estimate is $3.78M.
