POET Technologies Inc. (NASDAQ:POET - Get Free Report)'s share price traded up 0.6% during trading on Friday . The company traded as high as $5.46 and last traded at $5.25. 1,180,247 shares changed hands during trading, a decline of 51% from the average session volume of 2,384,367 shares. The stock had previously closed at $5.22.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on POET shares. Northland Capmk raised shares of POET Technologies to a "strong-buy" rating in a report on Monday, November 18th. Craig Hallum lifted their price target on POET Technologies from $3.50 to $5.50 and gave the company a "buy" rating in a research report on Friday, November 22nd. Finally, Northland Securities reiterated an "outperform" rating and issued a $7.00 target price (up from $6.00) on shares of POET Technologies in a research note on Monday, December 2nd.
Get Our Latest Research Report on POET Technologies
POET Technologies Stock Up 0.6 %
The firm's 50-day moving average is $5.15 and its 200-day moving average is $4.03. The company has a market capitalization of $402.10 million, a PE ratio of -8.90 and a beta of 0.41.
Institutional Trading of POET Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tyler Stone Wealth Management boosted its position in POET Technologies by 234.6% during the 3rd quarter. Tyler Stone Wealth Management now owns 271,000 shares of the company's stock valued at $1,203,000 after buying an additional 190,000 shares during the period. SevenBridge Financial Group LLC increased its stake in shares of POET Technologies by 92.8% during the third quarter. SevenBridge Financial Group LLC now owns 118,709 shares of the company's stock valued at $527,000 after purchasing an additional 57,125 shares in the last quarter. Virtu Financial LLC bought a new position in POET Technologies during the 3rd quarter valued at approximately $319,000. XTX Topco Ltd purchased a new position in shares of POET Technologies in the 3rd quarter worth about $178,000. Finally, Centiva Capital LP purchased a new stake in shares of POET Technologies during the third quarter valued at approximately $134,000. Hedge funds and other 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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
