POET Technologies Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $4.50 on 08/04/23 and a low of $0.72 for the same time frame on 11/30/23.
52-week price history of POET Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. POET Technologies Inc’s current trading price is -14.89% away from its 52-week high, while its distance from the 52-week low is 431.94%. The stock’s price range during the 52-week period has remained between $0.72 and $4.50. In the Technology sector, the company’s shares saw a trading volume of around 1.68 million for the day, which was evidently higher than the average daily volume of 1.35 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
POET Technologies Inc (POET) has experienced a quarterly rise of 278.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 233.97M.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.83, with a change in price of +2.44. Similarly, POET Technologies Inc recorded 880,116 in trading volume during the last 100 days, posting a change of +175.54%.
Examining POET’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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
As of today, POET Technologies Inc’s raw stochastic average for the last 50 days stands at 94.89%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 94.78%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 76.23% and 67.78%, respectively.
POET Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price increase of 309.45%. However, over the past six months, we’ve seen a weaker performance of 208.87%. The price of POET fallen by 116.38% over the last 30 days. And in the last five days, it has surged by 26.40%.
