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Adeia Inc (NASDAQ: ADEA) closed the day trading at $15.73 down -1.87% from the previous closing price of $16.03. In other words, the price has decreased by -$1.87 from its previous closing price. On the day, 0.81 million shares were traded.
Ratios:
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 15.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.03. 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:
As of this moment, Adeia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.58, and their Forward P/E ratio for the next fiscal year is 10.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.50 while its Price-to-Book (P/B) ratio in mrq is 4.29.
Stock Price History:
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 13.85%, while the 200-Day Moving Average is calculated to be 27.77%.
Shares Statistics:
A total of 108.07M shares are outstanding, with a floating share count of 102.15M. Insiders hold about 2.03% of the company’s shares, while institutions hold 103.12% stake in the company.
Earnings Estimates
The company has 3.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $0.4, with high estimates of $0.47 and low estimates of $0.35.
Analysts are recommending an EPS of between $1.37 and $1.34 for the fiscal current year, implying an average EPS of $1.36. EPS for the following year is $1.5, with 2.0 analysts recommending between $1.55 and $1.46.
Revenue Estimates
3 analysts predict $88.96M in revenue for the current quarter. It ranges from a high estimate of $91.89M to a low estimate of $85M. As of the current estimate, Adeia Inc’s year-ago sales were $83.41MFor the next quarter, 3 analysts are estimating revenue of $108.51M. There is a high estimate of $120M for the next quarter, whereas the lowest estimate is $100.53M.
A total of 3 analysts have provided revenue estimates for ADEA’s current fiscal year. The highest revenue estimate was $410.71M, while the lowest revenue estimate was $405M, resulting in an average revenue estimate of $408.57M. In the same quarter a year ago, actual revenue was $376.02MBased on 2 analysts’ estimates, the company’s revenue will be $422.5M in the next fiscal year. The high estimate is $425M and the low estimate is $420M.
