Adeia Inc. (NASDAQ:ADEA) currently has a daily average trading volume of 748.33K but it saw 298140 shares traded on Wednesday. With a market cap of 1.07B USD, stock’s current market price of $10.27 came rising about 1.68 while comparing to the previous closing price of $10.10. In past 52 weeks, the stock remained buoying in the range of price level as high as $20.72 and as low as $6.52. In the recent trading on the day, stock has struck highest price mark of $10.40 while lowest mark touched by it was $10.01.
Taking a look at 20-day trading activity of Adeia Inc. (ADEA) gives us an average price of $10.63, while its current price level is -50.43% below from 52-week high level whereas it is 57.52% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $8.69 while that of 200 days or SMA-200 reads an average of $5.34. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.72% during that period while stretching the period over a month that increases to 5.64%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 44.64 which implies that the stock is in neutral territory.
The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $14.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $17.00. Average price target assigned by them is $15.67 which highlights an upside potential of 34.46% for the stock over that period. And to attain the median price target of $16.00 assigned by those analysts, stock has to add about 35.81% of value to its current levels.
Over the week, ADEA’s stock price is moving 2.29% up while it is -4.11% when we observe its performance for the past one month. Year-to-date it is -45.69% down and over the past year, the stock is showing a downside performance of -45.49%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of $0.52 beat the consensus estimate of $0.4 for the same. The company is expected to be releasing its next quarterly report in 02/22/2023, for which analysts forecasted an EPS of $0.32 while estimate for next year EPS is $2.34. For ADEA, analysts are forecasting an EPS-growth rate of 15.30% for current year and estimate for EPS growth in next year is -32.90%. In next quarter, company is expected to be making quarterly sales of $92.91 million as analysts are expecting the sales for current fiscal year at $557.42 million and seeing the company making $419.06 million in sales next year. Moreover, analysts are in estimates of $96.17 million for current-quarter revenue.
Currently, Adeia Inc.’s total number of outstanding shares is 104.51M with 2.47% of that held by the insiders while 94.37% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.90% and return on equity (ROE) at -30.30%. It has a 7.55 of forward P/E ratio. Stock’s beta reads 1.74. Stock has a price to book (P/B) ratio of 1.08 while price to sale or P/S ratio amounts to 1.17. Its return on asset (ROA) is -16.00% on average.
As per SEC documents, Columbia Seligman Technology & In sought 7,076,541 of company’s common stock of worth $79.12 million as per recent closing price of the stock. Columbia Seligman Technology & In is not the only institutional holder which restructured its stake in Adeia Inc., as iShares Core S&P Small Cap ETF picked 6,771,082 shares of worth $75.7 million to bring its holdings to a total of 5136.0 shares. In the most recent quarter, Vanguard Total Stock Market Index came rising its stake by 167,141.61% in the company and now holds 3.01 million or 2.89% of the company’s stake having worth of about 33.66 million.