For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Adeia Inc (NASDAQ: ADEA) closed at $12.16 down -9.46% from its previous closing price of $13.43. In other words, the price has decreased by -$9.46 from its previous closing price. On the day, 0.7 million shares were traded. ADEA stock price reached its highest trading level at $12.785 during the session, while it also had its lowest trading level at $12.13.
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 11.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.26. For the most recent quarter (mrq), Quick Ratio is recorded 3.53 and its Current Ratio is at 3.53. In the meantime, Its Debt-to-Equity ratio is 1.22 whereas as Long-Term Debt/Eq ratio is at 1.17.
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.
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 1318691200 and an Enterprise Value of 1682334336. As of this moment, Adeia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.32, and their Forward P/E ratio for the next fiscal year is 8.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.51 while its Price-to-Book (P/B) ratio in mrq is 3.31. Its current Enterprise Value per Revenue stands at 4.474 whereas that against EBITDA is 7.823.
Stock Price History:
The Beta on a monthly basis for ADEA is 2.33, which has changed by 0.13751173 over the last 52 weeks, in comparison to a change of 0.036926866 over the same period for the S&P500. Over the past 52 weeks, ADEA has reached a high of $17.46, while it has fallen to a 52-week low of $9.68. The 50-Day Moving Average of the stock is -13.27%, while the 200-Day Moving Average is calculated to be -3.66%.
Shares Statistics:
For the past three months, ADEA has traded an average of 673.60K shares per day and 914064 over the past ten days. A total of 108.07M shares are outstanding, with a floating share count of 105.82M. Insiders hold about 2.42% of the company’s shares, while institutions hold 99.26% stake in the company. Shares short for ADEA as of 1741910400 were 3254617 with a Short Ratio of 4.83, compared to 1739491200 on 3399736. Therefore, it implies a Short% of Shares Outstanding of 3254617 and a Short% of Float of 5.2600004.
Dividends & Splits
According to the company, the forward annual dividend rate for ADEA is 0.20, from 0.2 in the trailing year. Against a Trailing Annual Dividend Yield of 0.014892032The stock’s 5-year Average Dividend Yield is 2.07.
