POET Technologies (POET) Stock Price, News & Analysis

Company Overview

POET Technologies Inc. designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques. It also develops photonic integrated components. The company serves the data center, telecommunications, Internet of things and industrial sensing, automotive LIDAR, optical coherence tomography for medical devices, and virtual reality systems markets. The company was formerly known as Opel Technologies Inc. and changed its name to POET Technologies Inc. in June 2013. POET Technologies Inc. was incorporated in 1972 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: $3.00 to $3.20
• 50-Day Range: $2.38 to $3.83
• 52-Week Range: $0.72 to $4.05
• Volume: 780,305 shs
• Average Volume: 702,003 shs
• Market Capitalization: $194.53 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.50
• Consensus Rating: Buy

POET Technologies Stock Analysis - MarketRank™

POET Technologies scored higher than 21% of companies evaluated by MarketBeat, and ranked 583rd out of 666 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

POET Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

POET Technologies has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for POET Technologies are expected to decrease in the coming year, from ($0.39) to ($0.41) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of POET Technologies is -6.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of POET Technologies is -6.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

POET Technologies has a P/B Ratio of 26.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.18% of the float of POET Technologies has been sold short.

Short Interest Ratio / Days to Cover

POET Technologies has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in POET Technologies has recently increased by 21.37%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

POET Technologies does not currently pay a dividend.

Dividend Growth

POET Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.18% of the float of POET Technologies has been sold short.

Short Interest Ratio / Days to Cover

POET Technologies has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in POET Technologies has recently increased by 21.37%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.27

News Sentiment

POET Technologies has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for POET Technologies this week, compared to 2 articles on an average week.

Search Interest

Only 17 people have searched for POET on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added POET Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, POET Technologies insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.46% of the stock of POET Technologies is held by insiders.

Percentage Held by Institutions

Only 1.99% of the stock of POET Technologies is held by institutions.

POET Stock Analysis - Frequently Asked Questions

How have POET shares performed this year?

POET Technologies' stock was trading at $0.9354 on January 1st, 2024. Since then, POET shares have increased by 235.7% and is now trading at $3.14.
View the best growth stocks for 2024 here.

How were POET Technologies' earnings last quarter?

POET Technologies Inc. (NASDAQ:POET) posted its quarterly earnings results on Wednesday, August, 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by $0.05.

How do I buy shares of POET Technologies?

Shares of POET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/14/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/12/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:POET
• CUSIP: N/A
• CIK: 1437424
• Web: www.poet-technologies.com
• Phone: (416) 368-9411
• Fax: 416-365-1813
• Employees: 53
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $3.50
• High Stock Price Target: $3.50
• Low Stock Price Target: $3.50
• Potential Upside/Downside: +13.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.49)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-20,270,000.00
• Net Margins: N/A
• Pretax Margin: -20,771.79%
• Return on Equity: -221.25%
• Return on Assets: -171.60%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 6.71
• Quick Ratio: 6.71

Sales & Book Value

• Annual Sales: $470,000.00
• Price / Sales: 431.88
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.12 per share
• Price / Book: 25.75

Miscellaneous

• Outstanding Shares: 65,690,000
• Free Float: 61,668,000
• Market Cap: $202.98 million
• Optionable: Optionable
• Beta: 0.28