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The closing price of POET Technologies Inc (NASDAQ: POET) was $4.09 for the day, up 1.24% from the previous closing price of $4.04. In other words, the price has increased by $1.24 from its previous closing price. On the day, 0.59 million shares were traded. POET stock price reached its highest trading level at $4.14 during the session, while it also had its lowest trading level at $4.04.
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 345551840 and an Enterprise Value of 279512832. For the stock, the TTM Price-to-Sale (P/S) ratio is 1729.87 while its Price-to-Book (P/B) ratio in mrq is 9.84. Its current Enterprise Value per Revenue stands at 1401.228 whereas that against EBITDA is -8.607.
Stock Price History:
The Beta on a monthly basis for POET is 0.24, which has changed by 1.0348258 over the last 52 weeks, in comparison to a change of 0.092761636 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 $1.69. The 50-Day Moving Average of the stock is -2.31%, while the 200-Day Moving Average is calculated to be -4.59%.
Shares Statistics:
POET traded an average of 874.38K shares per day over the past three months and 842840 shares per day over the past ten days. A total of 84.59M shares are outstanding, with a floating share count of 83.81M. Insiders hold about 0.92% of the company’s shares, while institutions hold 3.51% stake in the company. Shares short for POET as of 1748563200 were 3618561 with a Short Ratio of 4.14, compared to 1745971200 on 3538426. Therefore, it implies a Short% of Shares Outstanding of 3618561 and a Short% of Float of 4.31.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
