Adeia Inc (NASDAQ: ADEA) is -11.06% lower on its value in year-to-date trading and has touched a low of $7.12 and a high of $13.39 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 $10.79 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $11.02, the stock is -1.54% and -5.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 2.13% at the moment leaves the stock 3.68% off its SMA200. ADEA registered 31.82% gain for a year compared to 6-month gain of 11.31%. The firm has a 50-day simple moving average (SMA 50) of $4.36 and a 200-day simple moving average (SMA200) of $7.13.
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The stock witnessed a -7.08% loss in the last 1 month and extending the period to 3 months gives it a -4.26%, and is 1.38% up 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 3.03% over the week and 3.41% over the month.
Adeia Inc (ADEA) has around 130 employees, a market worth around $1.15B and $388.79M in sales. Current P/E ratio is 18.51 and Fwd P/E is 7.42. Profit margin for the company is 17.33%. Distance from 52-week low is 54.78% and -17.70% from its 52-week high. The company has generated returns on investments over the last 12 months (7.60%).
Adeia Inc quarterly earnings per share for the current quarter are estimated at $0.21 with sales reaching $81.85M over the same period.The EPS is expected to shrink by -6.16% this year, but quarterly earnings will post 2.90% year-over-year.
284 institutions hold shares in Adeia Inc (ADEA), with institutional investors hold 101.24% of the company’s shares. The shares outstanding are 107.38M, and float is at 101.67M with Short Float at 3.27%. Institutions hold 99.85% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 17.4 million shares valued at $191.52 million. The investor’s holdings represent 16.30% of the ADEA Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 13.71 million shares valued at $150.93 million to account for 12.84% of the shares outstanding. The other top investors are Ameriprise Financial, Inc. which holds 13.1 million shares representing 12.27% and valued at over $144.23 million, while Rubric Capital Management LP holds 4.30% of the shares totaling 4.59 million with a market value of $50.56 million.
Adeia Inc (ADEA) Insider Activity
The most recent transaction is an insider sale by Kokes Mark, the company’s Chief Licensing Officer, Media. SEC filings show that Kokes Mark sold 20,487 shares of the company’s common stock on Nov 20 ’23 at a price of $9.91 per share for a total of $0.2 million. Following the sale, the insider now owns 0.14 million shares.
