POET Stock Summary and Trading Ideas (Poet Technologies - Common Shares | NASDAQ:POET)

POET Technologies Inc is a design and development company offering high-speed optical engines, light source products, and custom optical modules to the artificial intelligence systems market and hyperscale data centers. Its integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using wafer-level semiconductor manufacturing techniques. POET's Optical Interposer platform also solves device integration challenges across a broad range of communication, computing, and sensing applications. The group's operations are located in Allentown, PA, Shenzhen, China, and Singapore.

Poet Technologies - Common Shares trades on the NASDAQ stock market under the symbol POET.

As of January 17, 2025, POET stock price declined to $4.95 with 1,208,625 million shares trading.

POET has a market cap of $378.30 million. This is considered a Small Cap stock.

Last quarter Poet Technologies - Common Shares reported $3,685 in Revenue and -$.20 earnings per share. This fell short of revenue expectation by $-56,315 and missed earnings estimates by -$.12.

POET has outperformed the market in the last year with a return of +432.3%, while the SPY ETF gained +28.0%. In the last 3 month period, POET beat the market returning +20.1%, while SPY returned +3.0%. However, in the most recent 2 weeks POET has underperformed the stock market by returning -26.7%, while SPY returned +1.0%.

POET support price is $4.53 and resistance is $5.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that POET shares will trade within this expected range on the day.