On 7/16/24, POET Technologies Inc (NASDAQ: POET) stock enjoyed a major increase of 16.8%, closing at $3.83. Moreover, this advance was accompanied by unusually high trading volume at 163% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 19.3% during the last week.
Current PriceTarget Research Rating
POET is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
POET Technologies has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. POET Technologies has a very low Appreciation Score of 0 but a very high Power Rating of 95, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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