Added to YB: 2024-12-09
Pitch date: 2024-12-05
POET [bearish]
POET Technologies Inc.
-33.47%
current return
Author Info
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Company Info
POET Technologies Inc., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products and services for commercial applications in the United States, Canada, Singapore, and China.
Market Cap
$631.5M
Pitch Price
$4.87
Price Target
N/A
Dividend
N/A
EV/EBITDA
-16.66
P/E
-6.92
EV/Sales
1.2K
Sector
Semiconductors and Semiconductor Equipment
Category
N/A
Problems at POET Technologies (POET)
POET short: $364M mkt cap, no revenue, 450% YTD gain. Paid stock promo via LFG Equities, YouTube influencers. 3 campaigns correlated w/ price spikes. Shares diluted 62.5% YTD. Acquired JV partner stake in SPX, reversing IPO plans. New IR agreement w/ CAPITALIZ ON IT. Multiple red flags.
Read full article (6 min)