Interdigital Inc (IDCC) concluded trading on Wednesday at a closing price of $190.78, with 0.45 million shares of worth about $86.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 56.19% during that period and on January 08, 2025 the price saw a gain of about 1.99%. Currently the company’s common shares owned by public are about 25.24M shares, out of which, 24.78M shares are available for trading.
Stock saw a price change of -1.52% in past 5 days and over the past one month there was a price change of -3.07%. Year-to-date (YTD), IDCC shares are showing a performance of -1.52% which increased to 80.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $95.33 but also hit the highest price of $207.08 during that period. The average intraday trading volume for Interdigital Inc shares is 396.71K. The stock is currently trading -1.63% below its 20-day simple moving average (SMA20), while that difference is up 2.34% for SMA50 and it goes to 37.68% higher than SMA200.
Interdigital Inc (NASDAQ: IDCC) currently have 25.24M outstanding shares and institutions hold larger chunk of about 106.44% of that.
The stock has a current market capitalization of $4.84B and its 3Y-monthly beta is at 1.44. PE ratio of stock for trailing 12 months is 20.38, while it has posted earnings per share of $9.36 in the same period. Its PEG reads 1.36 and has Quick Ratio of 1.62 while making debt-to-equity ratio of 0.68. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IDCC, volatility over the week remained 4.53% while standing at 2.98% over the month.
Analysts are in expectations that Interdigital Inc (IDCC) stock would likely to be making an EPS of 3.87 in the current quarter, while forecast for next quarter EPS is 1.1 and it is 4.51 for next year. For the current quarter EPS, analysts have given the company a lowest target 3.83 which is 3.94 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 1.41 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 59.90% while it is estimated to decrease by -61.67% in next year. EPS is likely to shrink at an annualized rate of 15.00% for next 5-years, compared to annual growth of 32.83% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on May 13, 2024 offering a Hold rating for the stock and assigned a target price range of between $106 and $100 to it. Coverage by BofA Securities stated Interdigital Inc (IDCC) stock as an Underperform in their note to investors on April 01, 2024, suggesting a price target of $100 for the stock. On August 22, 2023, William Blair Resumed their recommendations, while on May 10, 2023, BofA Securities Upgrade their ratings for the stock with a price target of $105. Stock get an Outperform rating from William Blair on January 27, 2023.
