Adeia Inc (NASDAQ: ADEA) has experienced a rise in its stock price by 10.41 compared to its previous closing price of 9.99. However, the company has seen a gain of 12.09% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-06 that Adeia (ADEA) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.48 per share a year ago.
Is It Worth Investing in Adeia Inc (NASDAQ: ADEA) Right Now?
The price-to-earnings ratio for Adeia Inc (NASDAQ: ADEA) is 31.72x, which is above its average ratio. Moreover, the 36-month beta value for ADEA is 2.03. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ADEA is 101.68M and currently, short sellers hold a 3.33% of that float. On May 08, 2024, ADEA’s average trading volume was 534.77K shares.
ADEA’s Market Performance
ADEA stock saw an increase of 12.09% in the past week, with a monthly gain of 2.65% and a quarterly increase of -12.94%. The volatility ratio for the week is 3.82%, and the volatility levels for the last 30 days are 3.01% for Adeia Inc (ADEA). The simple moving average for the past 20 days is 9.03% for ADEA’s stock, with a 4.63% simple moving average for the past 200 days.
Analysts’ Opinion of ADEA
Many brokerage firms have already submitted their reports for ADEA stocks, with Rosenblatt repeating the rating for ADEA by listing it as a “Buy.” The predicted price for ADEA in the upcoming period, according to Rosenblatt is $15 based on the research report published on February 23, 2024 of the current year 2024.
ADEA Trading at 3.54% from the 50-Day Moving Average
After a stumble in the market that brought ADEA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.63% of loss for the given period.
Volatility was left at 3.01%, however, over the last 30 days, the volatility rate increased by 3.82%, as shares surge +2.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.96% lower at present.
During the last 5 trading sessions, ADEA rose by +12.09%, which changed the moving average for the period of 200-days by -4.83% in comparison to the 20-day moving average, which settled at $10.13. In addition, Adeia Inc saw -10.98% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ADEA starting from Kokes Mark, who sale 20,487 shares at the price of $9.91 back on Nov 20 ’23. After this action, Kokes Mark now owns 142,246 shares of Adeia Inc, valued at $203,026 using the latest closing price.
Stock Fundamentals for ADEA
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.8 for the gross margin
The net margin for Adeia Inc stands at 0.11. The total capital return value is set at 0.1. Equity return is now at value 11.67, with 3.52 for asset returns.
Based on Adeia Inc (ADEA), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.59. The interest coverage ratio of the stock is 3.1.
Currently, EBITDA for the company is 247.16 million with net debt to EBITDA at 2.72. When we switch over and look at the enterprise to sales, we see a ratio of 4.77. The receivables turnover for the company is 2.04for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.23.
Conclusion
To wrap up, the performance of Adeia Inc (ADEA) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
