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After finishing at $6.17 in the prior trading day, POET Technologies Inc (NASDAQ: POET) closed at $6.75, up 9.40%. In other words, the price has increased by $9.40 from its previous closing price. On the day, 3.44 million shares were traded. POET stock price reached its highest trading level at $6.8498 during the session, while it also had its lowest trading level at $6.26.
Ratios:
Our goal is to gain a better understanding of POET by taking a closer 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.
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 516717248 and an Enterprise Value of 203703600. For the stock, the TTM Price-to-Sale (P/S) ratio is 3977.44 while its Price-to-Book (P/B) ratio in mrq is 15.48. Its current Enterprise Value per Revenue stands at 1752.123 whereas that against EBITDA is -9.85.
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 $0.84. The 50-Day Moving Average of the stock is 46.02%, while the 200-Day Moving Average is calculated to be 117.82%.
Shares Statistics:
The stock has traded on average 2.16M shares per day over the past 3-months and 4049600 shares per day over the last 10 days, according to various share statistics. A total of 70.21M shares are outstanding, with a floating share count of 69.92M. Insiders hold about 0.81% of the company’s shares, while institutions hold 8.90% stake in the company. Shares short for POET as of 1730332800 were 2112718 with a Short Ratio of 1.62, compared to 1727654400 on 2094926. Therefore, it implies a Short% of Shares Outstanding of 2112718 and a Short% of Float of 3.06.
