With over 0.47 million Adeia Inc (ADEA) shares trading Friday and a closing price of $11.87 on the day, the dollar volume was approximately $5.57 million. The shares have shown a positive half year performance of 14.91% and its price on 12/22/23 gained nearly 0.68%. Currently, there are 105.17M common shares owned by the public and among those 101.38M shares have been available to trade.
Insiders at the company have transacted a total of 30 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 493,756 shares. Insider sales of the common stock occurred on 15 occasions, with total insider shares sold totaling 148,619 shares.
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Shares of Adeia Inc (NASDAQ: ADEA) opened at $11.89, up $0.1 from a prior closing price of $11.79. However, the script later moved the day high at 11.92, up 0.68%. The company’s stock has a 5-day price change of 6.84% and 12.94% over the past three months. ADEA shares are trading 25.21% year to date (YTD), with the 12-month market performance up to 27.09% higher. It has a 12-month low price of $7.12 and touched a high of $12.37 over the same period. ADEA has an average intraday trading volume of 568.62K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.83%, 25.36%, and 23.27% respectively.
Institutional ownership of Adeia Inc (NASDAQ: ADEA) shares accounts for 98.51% of the company’s 105.17M shares outstanding.
It has a market capitalization of $1.24B and a beta (3y monthly) value of 2.08. The stock’s trailing 12-month PE ratio is 10.02, while the earnings-per-share (ttm) stands at $1.18. The company has a PEG of 0.67 and a Quick Ratio of 2.68 with the debt-to-equity ratio at 1.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.05% over the week and 3.36% over the month.
Analysts forecast that Adeia Inc (ADEA) will achieve an EPS of $0.25 for the current quarter, $0.33 for the next quarter and $1.37 for 2024. The lowest estimate earnings-per-share for the quarter is $0.24 while analysts give the company a high EPS estimate of $0.26. Comparatively, EPS for the current quarter was $0.41 a year ago. Earnings per share for the fiscal year are expected to decrease by -32.76%, and 4.84% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to -19.82% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Adeia Inc (ADEA) as a “Strong Buy” at a consensus score of 1.33. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
