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NASDAQ:POET

POET Technologies (POET) Stock Price, News & Analysis

$1.86
+0.11 (+6.29%)
(As of 05/28/2024 ET)
Today's Range
$1.60
$1.87
50-Day Range
$1.00
$2.94
52-Week Range
$0.72
$5.88
Volume
534,948 shs
Average Volume
511,975 shs
Market Capitalization
$106.09 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.50

POET Technologies MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
303.2% Upside
$7.50 Price Target
Short Interest
Healthy
1.81% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.09mentions of POET Technologies in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.22 out of 5 stars

Computer And Technology Sector

479th out of 603 stocks

Semiconductors & Related Devices Industry

77th out of 89 stocks

POET stock logo

About POET Technologies Stock (NASDAQ:POET)

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.

POET Stock Price History

POET Stock News Headlines

POET Technologies (NASDAQ:POET) Shares Down 7.5%
POET Technologies Inc.
Where I'm coming from
AI Has Lost Its Magic
See More Headlines
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Company Calendar

Last Earnings
3/15/2024
Today
5/28/2024
Next Earnings (Estimated)
8/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:POET
Employees
53
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.50
High Stock Price Target
$7.50
Low Stock Price Target
$7.50
Potential Upside/Downside
+303.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-20,270,000.00
Pretax Margin
-7,044.22%

Debt

Sales & Book Value

Annual Sales
$470,000.00
Book Value
$0.12 per share

Miscellaneous

Free Float
56,775,000
Market Cap
$106.09 million
Optionable
Optionable
Beta
0.38
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Key Executives

  • Dr. Suresh V. Venkatesan Ph.D. (Age 57)
    Executive Chairman & CEO
    Comp: $462k
  • Mr. Vivek Rajgarhia (Age 56)
    President & GM
    Comp: $383.25k
  • Mr. Thomas R. Mika MBA (Age 71)
    Executive VP, CFO & Secretary
    Comp: $330k
  • Mr. Kevin Barnes CMA (Age 52)
    PFP, VP of Finance & Administration, Corporate Controller and Treasurer
    Comp: $192.15k
  • Dr. Jinyu Mo (Age 49)
    Senior VP & GM of Asia
    Comp: $238.33k
  • Mr. Raju Kankipati (Age 46)
    Senior VP of Product Line Management & GM of USA
    Comp: $200k
  • Mr. Yong Meng Lee (Age 52)
    VP & GM of Poet Technologies Pte Ltd.
    Comp: $204.75k

POET Stock Analysis - Frequently Asked Questions

Should I buy or sell POET Technologies stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for POET Technologies in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" POET shares.
View POET analyst ratings
or view top-rated stocks.

What is POET Technologies' stock price target for 2024?

1 analysts have issued 12-month price objectives for POET Technologies' shares. Their POET share price targets range from $7.50 to $7.50. On average, they anticipate the company's share price to reach $7.50 in the next year. This suggests a possible upside of 303.2% from the stock's current price.
View analysts price targets for POET
or view top-rated stocks among Wall Street analysts.

How have POET shares performed in 2024?

POET Technologies' stock was trading at $0.9354 at the start of the year. Since then, POET stock has increased by 98.8% and is now trading at $1.86.
View the best growth stocks for 2024 here
.

Are investors shorting POET Technologies?

POET Technologies saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 756,900 shares, a decrease of 33.6% from the April 30th total of 1,140,000 shares. Based on an average trading volume of 744,600 shares, the short-interest ratio is presently 1.0 days. Currently, 1.8% of the company's stock are short sold.
View POET Technologies' Short Interest
.

When is POET Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 9th 2024.
View our POET earnings forecast
.

How were POET Technologies' earnings last quarter?

POET Technologies Inc. (NASDAQ:POET) announced its quarterly earnings data on Friday, March, 15th. The company reported ($0.13) EPS for the quarter, meeting analysts' consensus estimates of ($0.13). The company had revenue of $0.11 million for the quarter.

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.

This page (NASDAQ:POET) was last updated on 5/28/2024 by MarketBeat.com Staff

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