Riding the Waves: A Guide to Investing in POET Stock

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POET Technologies Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $4.60 on 08/04/23, and the lowest price during the same period was recorded at $0.72 on 11/30/23.

52-week price history of POET Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. POET Technologies Inc’s current trading price is -23.48% away from its 52-week high, while its distance from the 52-week low is 388.89%. The stock’s price range during this period has fluctuated between $0.72 and $4.60. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 3.81 million for the day, which was evidently higher than the average daily volume of 1.12 million over the last three months.

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Financial Performance and Market Capitalization

POET Technologies Inc (POET) has experienced a quarterly rise of 170.77% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 215.04M.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.70, with a change in price of +2.17. Similarly, POET Technologies Inc recorded 771,499 in trading volume during the last 100 days, posting a change of +160.74%.

POET Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for POET stands at 0.09. Similarly, the long-term debt-to-equity ratio is also 0.05.

POET Stock Stochastic Average

POET Technologies Inc’s raw stochastic average for the past 50 days is currently at 87.68%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 87.39%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 82.06% and 82.40%, respectively.

POET Stock Price Performance Analysis

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 276.31%. However, over the past six months, we’ve seen a weaker performance of 295.46%. The price of POET fallen by 98.87% over the last 30 days. And in the last five days, it has surged by 98.87%.

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