Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
The closing price of POET Technologies Inc (NASDAQ: POET) was $5.4 for the day, down -1.82% from the previous closing price of $5.5. In other words, the price has decreased by -$1.82 from its previous closing price. On the day, 1.65 million shares were traded. POET stock price reached its highest trading level at $5.46 during the session, while it also had its lowest trading level at $5.21.
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 1.59 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:
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 488925728 and an Enterprise Value of 382273184. For the stock, the TTM Price-to-Sale (P/S) ratio is 2446.20 while its Price-to-Book (P/B) ratio in mrq is 12.99. Its current Enterprise Value per Revenue stands at 1916.377 whereas that against EBITDA is -11.771.
Stock Price History:
The Beta on a monthly basis for POET is 0.33, which has changed by 1.0769231 over the last 52 weeks, in comparison to a change of 0.20277917 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 $2.27. The 50-Day Moving Average of the stock is 3.73%, while the 200-Day Moving Average is calculated to be 17.18%.
Shares Statistics:
POET traded an average of 1.89M shares per day over the past three months and 2778600 shares per day over the past ten days. A total of 90.60M shares are outstanding, with a floating share count of 89.51M. Insiders hold about 1.20% of the company’s shares, while institutions hold 3.37% stake in the company. Shares short for POET as of 1752537600 were 4993199 with a Short Ratio of 2.64, compared to 1749772800 on 3976144. Therefore, it implies a Short% of Shares Outstanding of 4993199 and a Short% of Float of 5.91.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
