Adeia Inc (NASDAQ: ADEA) is -2.43% lower on its value in year-to-date trading and has touched a low of $9.68 and a high of $17.46 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 $13.81 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $13.64, the stock is -7.37% and -2.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.94 million and changing -1.23% at the moment leaves the stock 8.85% off its SMA200. ADEA registered 25.02% gain for a year compared to 6-month gain of 11.35%. The firm has a 50-day simple moving average (SMA 50) of $13.927 and a 200-day simple moving average (SMA200) of $12.584025.
The stock witnessed a -20.33% loss in the last 1 month and extending the period to 3 months gives it a -5.01%, and is -0.22% 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 2.44% over the week and 3.41% over the month.
Adeia Inc (ADEA) has around 150 employees, a market worth around $1.47B and $376.02M in sales. Current P/E ratio is 23.92 and Fwd P/E is 9.44. Profit margin for the company is 17.19%. Distance from 52-week low is 40.91% and -21.88% from its 52-week high. The company has generated returns on investments over the last 12 months (7.51%).
with sales reaching $88.96M over the same period.The EPS is expected to grow by 7.99% this year, but quarterly earnings will post 8.66% year-over-year. Quarterly sales are estimated to grow 6.67% in year-over-year returns.
Adeia Inc (ADEA) Top Institutional Holders
301.0 institutions hold shares in Adeia Inc (ADEA), with institutional investors hold 103.90% of the company’s shares. The shares outstanding are 108.07M, and float is at 104.90M with Short Float at 3.06%. Institutions hold 102.41% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 16.89 million shares valued at $188.96 million. The investor’s holdings represent 15.6767% of the ADEA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.17 million shares valued at $158.44 million to account for 13.1444 of the shares outstanding. The other top investors are AMERIPRISE FINANCIAL INC which holds 14.14 million shares representing 13.0156% and valued at over $158.2 million, while RUBRIC CAPITAL MANAGEMENT LP holds 4.2699 of the shares totaling 4.64 million with a market value of $51.9 million.
Adeia Inc (ADEA) Insider Activity
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