Adeia Inc. (NASDAQ: ADEA) is -12.24% lower on its value in year-to-date trading and has touched a low of $3.54 and a high of $11.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ADEA stock was last observed hovering at around $8.48 in the last trading session, with the day’s loss setting it -0.16% off its average median price target of $16.00 for the next 12 months. It is also 51.06% off the consensus price target high of $17.00 offered by 3 analysts, but current levels are 40.57% higher than the price target low of $14.00 for the same period.
Currently trading at $8.32, the stock is -15.49% and -20.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.62 million and changing -1.89% at the moment leaves the stock 10.03% off its SMA200. ADEA registered 91.69% gain for a year compared to 6-month gain of 115.01%.
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The stock witnessed a -24.50% loss in the last 1 month and extending the period to 3 months gives it a -20.38%, and is -8.97% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.78% over the week and 4.49% over the month.
Adeia Inc. (ADEA) has around 120 employees, a market worth around $875.51M and $438.90M in sales. Current P/E ratio is 6.15 and Fwd P/E is 6.10. Profit margin for the company is -67.40%. Distance from 52-week low is 134.92% and -29.79% from its 52-week high. The company has generated returns on investments over the last 12 months (17.70%).
Adeia Inc. (ADEA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Adeia Inc. (ADEA) is a “Buy”. 3 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 1 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Adeia Inc. is expected to release its quarterly report on 05/03/2023.The EPS is expected to grow by 371.20% this year
Adeia Inc. (ADEA) Top Institutional Holders
The shares outstanding are 104.34M, and float is at 102.49M with Short Float at 2.99%.
Adeia Inc. (ADEA) Insider Activity
A total of 5 insider transactions have happened at Adeia Inc. (ADEA) in the last six months, with sales accounting for 1 and purchases happening 4 times.
