POET Technologies Inc. (NASDAQ:POET - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $6.17, but opened at $6.43. POET Technologies shares last traded at $6.66, with a volume of 920,697 shares traded.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Craig Hallum upped their price objective on POET Technologies from $3.50 to $5.50 and gave the company a "buy" rating in a research report on Friday, November 22nd. Northland Capmk upgraded POET Technologies to a "strong-buy" rating in a research report on Monday, November 18th. Finally, Northland Securities reiterated an "outperform" rating and set a $7.00 price objective (up previously from $6.00) on shares of POET Technologies in a research report on Monday, December 2nd.
Get Our Latest Analysis on POET
POET Technologies Price Performance
The firm has a market cap of $516.35 million, a PE ratio of -11.44 and a beta of 0.42. The company has a 50-day simple moving average of $4.66 and a 200-day simple moving average of $3.69.
Hedge Funds Weigh In On POET Technologies
Hedge funds have recently bought and sold shares of the business. Toronto Dominion Bank purchased a new position in shares of POET Technologies during the third quarter worth approximately $54,000. Quadrature Capital Ltd bought a new position in POET Technologies in the third quarter worth approximately $112,000. Centiva Capital LP purchased a new position in POET Technologies during the 3rd quarter worth $134,000. XTX Topco Ltd bought a new stake in POET Technologies during the 3rd quarter valued at $178,000. Finally, Virtu Financial LLC purchased a new stake in shares of POET Technologies in the 3rd quarter worth $319,000. Institutional investors own 1.99% of the company's stock.
About POET Technologies
(
Get Free Report)
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.
Further Reading
Before you consider POET Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and POET Technologies wasn't on the list.
While POET Technologies currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
