POET Technologies Inc. (NASDAQ:POET) shares are moving lower on Tuesday, reflecting a decline in the broader market context. The stock is caught in a broader sell-off, with the Nasdaq down 0.1% and the Technology sector declining 0.24%.
Poet Stock Overview
The decline in POET’s stock price comes as the company faces no specific news driving the move. Traders are reacting to overall market sentiment, which is showing weakness in several sectors, particularly in Technology.
Despite the downturn, POET has shown a significant 12-month performance increase of 53.38%. The stock is currently trading at $7.00, positioned closer to its 52-week highs than lows, indicating a relatively strong performance over the past year.
POET Trades Above Key Levels
Currently, POET is trading 2.5% above its 20-day simple moving average (SMA) and 14.8% above its 100-day SMA, demonstrating longer-term strength. The stock is also positioned well above its 200-day SMA by 29%, suggesting a solid upward trend over the past year.
The RSI is at 56.27, which is considered neutral territory, indicating that the stock is not overbought or oversold. Meanwhile, MACD is above its signal line, suggesting bullish momentum.
The combination of neutral RSI and bullish MACD suggests overall positive momentum.
- Key Resistance: $7.50
- Key Support: $7.00
Earnings & Analyst Outlook
Investors are looking ahead to the company’s next earnings report on March 30, 2026.
EPS Estimate: $-0.06 (improved from $-0.48 YoY)
Revenue Estimate: $0.62 million (up from $0.03 million YoY)
Analyst Consensus: Buy Rating ($5.83 Avg Price Target)
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for POET Technologies, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Bullish (Score: 78.76/100) — Stock is outperforming the broader market.
The Verdict: POET’s Benzinga Edge signal reveals a classic ‘High-Flyer’ setup. While the Momentum (78.76) confirms the strong trend, investors should remain cautious given the current market conditions.
Price Action
POET Price Action: POET Technologies shares were down 1.66% at $7.09 at the time of publication on Tuesday, according to Benzinga Pro data.
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