The stock of Interdigital Inc (IDCC) has seen a 1.30% increase in the past week, with a 7.48% gain in the past month, and a 13.67% flourish in the past quarter. The volatility ratio for the week is 1.26%, and the volatility levels for the past 30 days are at 1.49% for IDCC. The simple moving average for the past 20 days is 2.92% for IDCC’s stock, with a 18.79% simple moving average for the past 200 days.
Is It Worth Investing in Interdigital Inc (NASDAQ: IDCC) Right Now?
Interdigital Inc (NASDAQ: IDCC) has a price-to-earnings ratio of 17.27x that is above its average ratio. Additionally, the 36-month beta value for IDCC is 1.41. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for IDCC is 24.68M and currently, short sellers hold a 17.84% ratio of that float. The average trading volume of IDCC on June 19, 2024 was 481.51K shares.
IDCC) stock’s latest price update
Interdigital Inc (NASDAQ: IDCC) has experienced a rise in its stock price by 0.38 compared to its previous closing price of 117.14. However, the company has seen a gain of 1.30% in its stock price over the last five trading days. zacks.com reported 2024-06-11 that InterDigital (IDCC), in collaboration with Philips, is set to demonstrate cutting-edge advancements in volumetric streaming technology for immersive sports experiences.
Analysts’ Opinion of IDCC
Many brokerage firms have already submitted their reports for IDCC stocks, with Jefferies repeating the rating for IDCC by listing it as a “Hold.” The predicted price for IDCC in the upcoming period, according to Jefferies is $100 based on the research report published on May 13, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see IDCC reach a price target of $100, previously predicting the price at $140. The rating they have provided for IDCC stocks is “Underperform” according to the report published on April 01st, 2024.
IDCC Trading at 10.51% from the 50-Day Moving Average
After a stumble in the market that brought IDCC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.90% of loss for the given period.
Volatility was left at 1.49%, however, over the last 30 days, the volatility rate increased by 1.26%, as shares surge +6.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.30% upper at present.
During the last 5 trading sessions, IDCC rose by +1.30%, which changed the moving average for the period of 200-days by +35.60% in comparison to the 20-day moving average, which settled at $114.62. In addition, Interdigital Inc saw 8.33% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IDCC starting from Armaly Samir, who sale 1,781 shares at the price of $115.28 back on Jun 11 ’24. After this action, Armaly Samir now owns 3,887 shares of Interdigital Inc, valued at $205,314 using the latest closing price.
Lesaicherre Pierre-Yves, the Director of Interdigital Inc, sale 989 shares at $115.28 during a trade that took place back on Jun 11 ’24, which means that Lesaicherre Pierre-Yves is holding 7,023 shares at $114,012 based on the most recent closing price.
Stock Fundamentals for IDCC
Current profitability levels for the company are sitting at:
- 0.34 for the present operating margin
- 0.75 for the gross margin
The net margin for Interdigital Inc stands at 0.31. The total capital return value is set at 0.23. Equity return is now at value 30.62, with 10.71 for asset returns.
Based on Interdigital Inc (IDCC), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.48. The debt to equity ratio resting at 0.97. The interest coverage ratio of the stock is 4.62.
Currently, EBITDA for the company is 357.22 million with net debt to EBITDA at 0.51. When we switch over and look at the enterprise to sales, we see a ratio of 5.13. The receivables turnover for the company is 3.64for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
In conclusion, Interdigital Inc (IDCC) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
