Adeia Inc. (ADEA) stock is nearly perfect except the valuation

Adeia Inc. (NASDAQ: ADEA) closed the day trading at $8.32 down -1.89% from the previous closing price of $8.48. In other words, the price has decreased by -$0.16 from its previous closing price. On the day, 621204 shares were traded. ADEA stock price reached its highest trading level at $8.65 during the session, while it also had its lowest trading level at $8.16.

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For a better understanding of ADEA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.86. In the meantime, Its Debt-to-Equity ratio is 2.42 whereas as Long-Term Debt/Eq ratio is at 2.06.

Upgrades & Downgrades

Valuation Measures:

As of this moment, Adeia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.15, and their Forward P/E ratio for the next fiscal year is 6.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.99 while its Price-to-Book (P/B) ratio in mrq is 2.88.

Stock Price History:

Over the past 52 weeks, ADEA has reached a high of $11.85, while it has fallen to a 52-week low of $3.54. The 50-Day Moving Average of the stock is 10.39, while the 200-Day Moving Average is calculated to be 7.58.

Shares Statistics:

Over the past 3-months, ADEA traded about 547.09K shares per day on average, while over the past 10 days, ADEA traded about 608k shares per day. A total of 104.34M shares are outstanding, with a floating share count of 102.49M. Insiders hold about 1.50% of the company’s shares, while institutions hold 94.50% stake in the company. Shares short for ADEA as of Jan 30, 2023 were 2.32M with a Short Ratio of 3.07M, compared to 2.7M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.21% and a Short% of Float of 3.66%.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 3.13.

Earnings Estimates

Current recommendations for the stock of the company come from 3 analysts. On average, analysts expect EPS of $0.3 for the current quarter, with a high estimate of $0.36 and a low estimate of $0.21, while EPS last year was $0.3. The consensus estimate for the next quarter is $0.31, with high estimates of $0.36 and low estimates of $0.23.

Analysts are recommending an EPS of between $2.14 and $1.75 for the fiscal current year, implying an average EPS of $1.95. EPS for the following year is $1.36, with 3 analysts recommending between $1.58 and $1.19.

Revenue Estimates

3 analysts predict $101.51M in revenue for the current quarter. It ranges from a high estimate of $105.4M to a low estimate of $99.13M. As of the current estimate, Adeia Inc.’s year-ago sales were $214.45M, an estimated decrease of -52.70% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $100.35M, a decrease of -27.60% over than the figure of -$52.70% in the same quarter last year. There is a high estimate of $101.13M for the next quarter, whereas the lowest estimate is $99.92M.

A total of 2 analysts have provided revenue estimates for ADEA’s current fiscal year. The highest revenue estimate was $435.6M, while the lowest revenue estimate was $434.77M, resulting in an average revenue estimate of $435.19M. In the same quarter a year ago, actual revenue was $877.7M, down -50.40% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $413.43M in the next fiscal year. The high estimate is $431.6M and the low estimate is $393.69M. The average revenue growth estimate for next year is down -5.00% from the average revenue estimate for this year.