POET Technologies Inc (POET) Stock: What Does the Chart Say Friday?

Overall market sentiment has been high on POET Technologies Inc (POET) stock lately. POET receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

POET Technologies Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on POET!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With POET Stock Today?

POET Technologies Inc (POET) stock is down -0.74% while the S&P 500 is higher by 0.06% as of 1:05 PM on Friday, Nov 24. POET is down -$0.01 from the previous closing price of $1.35 on volume of 72,065 shares. Over the past year the S&P 500 has risen 13.21% while POET is down -51.80%. POET lost -$0.54 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for POET Technologies Inc click here.

More About POET Technologies Inc

POET Technologies Inc offers integration solutions based on the POET Optical Interposer, a novel platform for the seamless integration of electronic and photonic devices into a single module using advanced wafer-level manufacturing techniques and packaging methods. The company operates in a single segment of design, manufacture, and sale of semiconductor products and services for commercial applications. Its products have applications in Data Center, Telecommunications, Internet of Things & Industrial Sensing, Automotive LIDAR, and On-Board Optics. Its geographical segments are Asia, United States, and Canada. Click Here to get the full Stock Report for POET Technologies Inc stock.