POET Technologies Inc (NASDAQ:POET) shares, rose in value on Thursday, April 16, with the stock price up by 0.40% to the previous day’s close as strong demand from buyers drove the stock to $3.78.
Actively observing the price movement in the last trading, the stock closed the session at $3.76, falling within a range of $3.72 and $3.83. The value of beta (5-year monthly) was 0.771. Referring to stock’s 52-week performance, its high was $7.79, and the low was $1.00. On the whole, POET has fluctuated by -2.33% over the past month.
With the market capitalization of POET Technologies Inc currently standing at about $294.71 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-30.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.39M, with a low estimate of 420k and a high estimate of 701k. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 560.5k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that POET’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of POET currently trading nearly -1.59% and -6.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.40, while the 7-day volatility ratio is showing 5.20% which for the 30-day chart, stands at 9.63%. Furthermore, POET Technologies Inc (POET)’s beta value is 0.22, and its average true range (ATR) is 0.34.
A comparison of POET Technologies Inc (POET) with its peers suggests the former has fared considerably weaker in the market. POET showed an intraday change of 0.40% in last session, and over the past year, it grew by 240.09%%.
Data on historical trading for POET Technologies Inc (NASDAQ:POET) indicates that the trading volumes over the past 10 days have averaged 0.86 and over the past 3 months, they’ve averaged 1.37 million. According to company’s latest data on outstanding shares, there are 78.07 million shares outstanding.
Nearly 1.01% of POET Technologies Inc’s shares belong to company insiders and institutional investors own 7.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.18 million shares as on 2025-03-31, resulting in a short ratio of 3.41. According to the data, the short interest in POET Technologies Inc (POET) stood at 550.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 3.47 million. The stock has fallen by -36.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the POET stock heading into the next quarter.
