Interdigital Inc [IDCC] stock prices are down -2.45% to $184.42 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The IDCC shares have gain 4.02% over the last week, with a monthly amount glided 19.95%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Interdigital Inc [NASDAQ: IDCC] stock has seen the most recent analyst activity on May 13, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $100 from $106. Previously, BofA Securities downgraded its rating to Underperform on April 01, 2024, and dropped its price target to $100. BofA Securities upgraded its rating to a Buy and increased its price target to $105 on May 10, 2023. William Blair initiated its recommendation with a Outperform. Jefferies started tracking with a Buy rating for this stock on December 09, 2022, and assigned it a price target of $80. In a note dated July 25, 2022, BofA Securities initiated an Underperform rating and provided a target price of $60 on this stock.
The stock price of Interdigital Inc [IDCC] has been fluctuating between $88.08 and $189.51 over the past year. Currently, Wall Street analysts expect the stock to reach $80 within the next 12 months. Interdigital Inc [NASDAQ: IDCC] shares were valued at $184.42 at the most recent close of the market. An investor can expect a potential drop of -56.62% based on the average IDCC price forecast.
Analyzing the IDCC fundamentals
The Interdigital Inc [NASDAQ:IDCC] reported sales of 721.23M for trailing twelve months, representing a drop of -8.16%. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.42%, Pretax Profit Margin comes in at 0.43%, and Net Profit Margin reading is 0.37%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.4 and Total Capital is 0.3. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 181.53 points at the first support level, and at 178.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 189.44, and for the 2nd resistance point, it is at 194.45.
Ratios To Look Out For
It’s worth pointing out that Interdigital Inc [NASDAQ:IDCC]’s Current Ratio is 1.62. As well, the Quick Ratio is 1.62, while the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 6.48, the price to book ratio is 6.44 and price to earnings (TTM) ratio is 19.70.
Transactions by insiders
Recent insider trading involved Pankaj Rajesh, Chief Technology Officer, that happened on Nov 05 ’24 when 700.0 shares were sold. Officer, RAJESH K PANKAJ completed a deal on Nov 05 ’24 to buy 700.0 shares. Meanwhile, Chief Technology Officer Pankaj Rajesh sold 700.0 shares on Oct 07 ’24.
