For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
POET Technologies Inc (NASDAQ: POET) closed the day trading at $5.04 down -8.45% from the previous closing price of $5.51. In other words, the price has decreased by -$8.45 from its previous closing price. On the day, 2.43 million shares were traded. POET stock price reached its highest trading level at $5.32 during the session, while it also had its lowest trading level at $4.93.
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.
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 385180992 and an Enterprise Value of 203703600. For the stock, the TTM Price-to-Sale (P/S) ratio is 2969.82 while its Price-to-Book (P/B) ratio in mrq is 11.56. Its current Enterprise Value per Revenue stands at 1752.123 whereas that against EBITDA is -9.85.
Stock Price History:
The Beta on a monthly basis for POET is 0.42, which has changed by 4.090909 over the last 52 weeks, in comparison to a change of 0.22263205 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 $0.90. The 50-Day Moving Average of the stock is 5.70%, while the 200-Day Moving Average is calculated to be 58.18%.
Shares Statistics:
Over the past 3-months, POET traded about 2.23M shares per day on average, while over the past 10 days, POET traded about 4155020 shares per day. 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 8.90% stake in the company. Shares short for POET as of 1730332800 were 2112718 with a Short Ratio of 1.71, compared to 1727654400 on 2094926. Therefore, it implies a Short% of Shares Outstanding of 2112718 and a Short% of Float of 3.06.
