In the latest session, Adeia Inc (NASDAQ: ADEA) closed at $10.79 down -1.10% from its previous closing price of $10.91. In other words, the price has decreased by -$0.12 from its previous closing price. On the day, 665467 shares were traded.
Ratios:
For a deeper understanding of Adeia Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.55. For the most recent quarter (mrq), Quick Ratio is recorded 2.02 and its Current Ratio is at 2.02. In the meantime, Its Debt-to-Equity ratio is 1.67 whereas as Long-Term Debt/Eq ratio is at 1.48.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Rosenblatt on February 23, 2024, initiated with a Buy rating and assigned the stock a target price of $15.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 20 ’23 when Kokes Mark sold 20,487 shares for $9.91 per share. The transaction valued at 203,026 led to the insider holds 142,246 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ADEA now has a Market Capitalization of 1.16B and an Enterprise Value of 1.67B. As of this moment, Adeia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.12, and their Forward P/E ratio for the next fiscal year is 7.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.89 while its Price-to-Book (P/B) ratio in mrq is 3.25. Its current Enterprise Value per Revenue stands at 4.30 whereas that against EBITDA is 7.03.
Stock Price History:
The Beta on a monthly basis for ADEA is 2.05, which has changed by 34.20% over the last 52 weeks, in comparison to a change of 32.31% over the same period for the S&P500. Over the past 52 weeks, ADEA has reached a high of $13.39, while it has fallen to a 52-week low of $7.12. The 50-Day Moving Average of the stock is 11.72, while the 200-Day Moving Average is calculated to be 10.66.
Shares Statistics:
For the past three months, ADEA has traded an average of 539.54K shares per day and 641.8k over the past ten days. A total of 107.38M shares are outstanding, with a floating share count of 101.67M. Insiders hold about 2.49% of the company’s shares, while institutions hold 101.09% stake in the company. Shares short for ADEA as of Feb 29, 2024 were 3.33M with a Short Ratio of 6.17, compared to 2.93M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.10% and a Short% of Float of 5.05%.
Dividends & Splits
According to the company, the forward annual dividend rate for ADEA is 0.20, from 0.20 in the trailing year. Against a Trailing Annual Dividend Yield of 1.83%, it implies a Forward Annual Dividend Yield of 1.85%. The stock’s 5-year Average Dividend Yield is 2.62.
Earnings Estimates
There are 3 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.21 for the current quarter, with a high estimate of $0.22 and a low estimate of $0.2, while EPS last year was $0.48. The consensus estimate for the next quarter is $0.34, with high estimates of $0.36 and low estimates of $0.32.
Analysts are recommending an EPS of between $1.31 and $1.3 for the fiscal current year, implying an average EPS of $1.3. EPS for the following year is $1.48, with 2 analysts recommending between $1.52 and $1.45.
Revenue Estimates
A total of 3 analysts have provided revenue estimates for ADEA’s current fiscal year. The highest revenue estimate was $402M, while the lowest revenue estimate was $397.7M, resulting in an average revenue estimate of $399.9M. In the same quarter a year ago, actual revenue was $388.79M, up 2.90% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $420M in the next fiscal year. The high estimate is $420M and the low estimate is $420M. The average revenue growth estimate for next year is up 5.00% from the average revenue estimate for this year.
