POET Technologies Inc. (NASDAQ:POET) Forecasted to Post Q1 2023 Earnings of ($0.15) Per Share

POET Technologies Inc. (NASDAQ:POET – Get Rating) – Research analysts at Zacks Small Cap issued their Q1 2023 earnings per share estimates for POET Technologies in a research report issued on Monday, April 10th. Zacks Small Cap analyst L. Thompson anticipates that the company will earn ($0.15) per share for the quarter. The consensus estimate for POET Technologies’ current full-year earnings is ($0.56) per share. Zacks Small Cap also issued estimates for POET Technologies’ Q2 2023 earnings at ($0.15) EPS, Q3 2023 earnings at ($0.15) EPS, Q4 2023 earnings at ($0.13) EPS and FY2024 earnings at ($0.35) EPS.

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POET Technologies Trading Down 0.3 %

Shares of POET stock opened at $3.91 on Tuesday. The firm has a fifty day moving average price of $4.18 and a 200 day moving average price of $3.57. The company has a market cap of $155.11 million, a P/E ratio of -6.86 and a beta of 1.12. POET Technologies has a 12 month low of $2.34 and a 12 month high of $7.38.

Hedge Funds Weigh In On POET Technologies

Large investors have recently bought and sold shares of the stock. Paragon Capital Management Ltd raised its holdings in shares of POET Technologies by 19.0% in the fourth quarter. Paragon Capital Management Ltd now owns 438,300 shares of the company’s stock valued at $1,324,000 after buying an additional 70,000 shares during the last quarter. Group One Trading L.P. purchased a new stake in shares of POET Technologies in the fourth quarter valued at about $70,000. Royal Bank of Canada purchased a new stake in shares of POET Technologies in the first quarter valued at about $162,000. JPMorgan Chase & Co. purchased a new stake in shares of POET Technologies in the first quarter valued at about $118,000. Finally, Virtu Financial LLC purchased a new stake in shares of POET Technologies in the first quarter valued at about $96,000. Institutional investors and hedge funds own 2.05% of the company’s stock.

POET Technologies Company Profile

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POET Technologies, Inc engages in the designing, developing, manufacturing and sale of opto-electronic solutions for the sensing, data communications and telecommunications markets. It developed POET Optical Interposer platform, which allows the integration of electronic and photonic devices into a single multi-chip module.

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