What’s Going On With POET Technologies Stock Friday?

by | Apr 24, 2026 | General

POET Technologies Inc. (NASDAQ:POET) shares jumped in Friday’s premarket session. Traders are leaning into the week’s fast-moving rebound narrative.

The move follows the company pushing back on short-seller claims and a sharp prior pullback.

Risk appetite is also supportive with tech leadership, and the tape is still reacting to profit-taking on Thursday after an earlier surge.

What Is Driving POET Technologies Stock Today?

The latest move follows a volatile stretch in which POET ripped about 75% earlier in the week, then retreated on Thursday as traders took profits after the company’s CFO, Thomas Mika, dismissed a Wolfpack Research report as a “big nothing burger.”

Mika also confirmed a business relationship with Marvell Technology, Inc. (NASDAQ:MRVL), keeping the story in the AI/data-center optics lane.

Short pressure is also part of the backdrop: short interest recently rose to 13.14 million shares from 11.71 million, or about 8.63% of the public float.

POET Technologies Technical Analysis

POET Technologies is trading well above its key moving averages, indicating strong bullish momentum. The stock is 86.5% above its 20-day simple moving average, signaling strong short-term strength.

It is also 101.7% above its 50-day simple moving average, reflecting robust intermediate-term momentum.

The relative strength index (RSI) stands at 74.11, indicating the stock is in overbought territory. This suggests buyers are currently in control of the price action.

However, the elevated RSI also signals a higher likelihood of near-term profit-taking or a pullback.

  • Key Resistance: $13.50 — A level where selling pressure may emerge.
  • Key Support: $12.00 — A potential area of buying interest if tested.

Over the past 12 months, POET Technologies has delivered a 188.67% return, reflecting strong long-term growth and investor interest. The stock is currently trading at $13.35, near its 52-week high of $12.95, signaling sustained upward momentum.

Earnings Preview And Analyst Expectations

POET Technologies is slated to provide its next financial update on May 13, 2026 (estimated).

  • EPS Estimate: Loss of 5 cents (Down from 8 cents)
  • Revenue Estimate: $347.97K (Up from $166.76K)

POET Stock Price Moves In Friday Premarket Trading

POET Stock Price Activity: POET Technologies shares were up 11.77% at $13.10 during premarket trading on Friday, according to Benzinga Pro data.

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