A share price of POET Technologies Inc [POET] is currently trading at $5.41, up 9.96%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The POET shares have gain 33.91% over the last week, with a monthly amount glided 39.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
POET Technologies Inc [NASDAQ: POET] stock has seen the most recent analyst activity on November 18, 2024, when Northland Capital initiated its Outperform rating and assigned the stock a price target of $6.
POET Technologies Inc experienced fluctuations in its stock price throughout the past year between $0.72 and $5.60. Currently, Wall Street analysts expect the stock to reach $3.5 within the next 12 months. POET Technologies Inc [NASDAQ: POET] shares were valued at $5.41 at the most recent close of the market. An investor can expect a potential drop of -35.3% based on the average POET price forecast.
Analyzing the POET fundamentals
Gross Profit Margin for this corporation currently stands at -11.5% with Operating Profit Margin at -197.25%, Pretax Profit Margin comes in at -256.46%, and Net Profit Margin reading is -260.69%. To continue investigating profitability, this company’s Return on Assets is posted at -0.63, Equity is -1.95 and Total Capital is -0.79.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.11 points at the first support level, and at 4.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.62, and for the 2nd resistance point, it is at 5.82.
Ratios To Look Out For
To put it in perspective, the Current Ratio for POET Technologies Inc [NASDAQ:POET] is 2.20. Also, the Quick Ratio is 2.20, while the Cash Ratio stands at 2.12. Considering the valuation of this stock, the price to sales ratio is 3187.84, the price to book ratio is 12.41.
