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Adeia Inc (NASDAQ: ADEA) closed the day trading at $14.01 down -0.57% from the previous closing price of $14.09. In other words, the price has decreased by -$0.57 from its previous closing price. On the day, 0.6 million shares were traded. ADEA stock price reached its highest trading level at $14.285 during the session, while it also had its lowest trading level at $14.01.
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 13.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.15. 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 1506201088 and an Enterprise Value of 1889826688. As of this moment, Adeia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.57, and their Forward P/E ratio for the next fiscal year is 9.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.01 while its Price-to-Book (P/B) ratio in mrq is 3.82. Its current Enterprise Value per Revenue stands at 5.026 whereas that against EBITDA is 8.788.
Stock Price History:
The Beta on a monthly basis for ADEA is 2.12, which has changed by 0.28886843 over the last 52 weeks, in comparison to a change of 0.087141395 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 0.34%, while the 200-Day Moving Average is calculated to be 12.44%.
Shares Statistics:
Over the past 3-months, ADEA traded about 644.60K shares per day on average, while over the past 10 days, ADEA traded about 727755 shares per day. A total of 108.07M shares are outstanding, with a floating share count of 101.78M. Insiders hold about 2.38% of the company’s shares, while institutions hold 103.27% stake in the company. Shares short for ADEA as of 1740700800 were 3211689 with a Short Ratio of 4.98, compared to 1738281600 on 3399539. Therefore, it implies a Short% of Shares Outstanding of 3211689 and a Short% of Float of 5.1999997.
Dividends & Splits
ADEA’s forward annual dividend rate is 0.20, up from 0.2 a year ago. Against a Trailing Annual Dividend Yield of 0.014194464The stock’s 5-year Average Dividend Yield is 2.14.
