Market Momentum Report: POET Technologies Inc (POET)’s Negative Close at 3.03

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The price of POET Technologies Inc (NASDAQ: POET) closed at $3.03 in the last session, down -5.61% from day before closing price of $3.21. In other words, the price has decreased by -$5.61 from its previous closing price. On the day, 2.4 million shares were traded. POET stock price reached its highest trading level at $3.34 during the session, while it also had its lowest trading level at $2.87.

Ratios:

We take a closer look at POET’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.27 and its Current Ratio is at 2.27. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.05.

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 194364496 and an Enterprise Value of 180294368. For the stock, the TTM Price-to-Sale (P/S) ratio is 638.29 while its Price-to-Book (P/B) ratio in mrq is 27.26. Its current Enterprise Value per Revenue stands at 613.975 whereas that against EBITDA is -9.801.

Stock Price History:

The Beta on a monthly basis for POET is 0.33, which has changed by -0.30504584 over the last 52 weeks, in comparison to a change of 0.24704397 over the same period for the S&P500. Over the past 52 weeks, POET has reached a high of $4.50, while it has fallen to a 52-week low of $0.72. The 50-Day Moving Average of the stock is 42.13%, while the 200-Day Moving Average is calculated to be 77.87%.

Shares Statistics:

According to the various share statistics, POET traded on average about 1.25M shares per day over the past 3-months and 2825860 shares per day over the past 10 days. A total of 61.09M shares are outstanding, with a floating share count of 60.36M. Insiders hold about 1.19% of the company’s shares, while institutions hold 10.73% stake in the company. Shares short for POET as of 1718323200 were 434082 with a Short Ratio of 0.35, compared to 1715731200 on 756858. Therefore, it implies a Short% of Shares Outstanding of 434082 and a Short% of Float of 0.72000003.

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