Adeia Inc [ADEA] stock is trading at $16.39, up 21.68%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ADEA shares have gain 24.03% over the last week, with a monthly amount glided 26.86%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Adeia Inc [NASDAQ: ADEA] stock has seen the most recent analyst activity on February 23, 2024, when Rosenblatt initiated its Buy rating and assigned the stock a price target of $15.
Adeia Inc [ADEA] stock has fluctuated between $9.68 and $14.75 over the past year. Adeia Inc [NASDAQ: ADEA] shares were valued at $16.39 at the most recent close of the market.
Analyzing the ADEA fundamentals
Adeia Inc [NASDAQ:ADEA] reported sales of 376.02M for the trailing twelve months, which represents a growth of 37.18%. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.17 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
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 14.94 points at the first support level, and at 13.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.55, and for the 2nd resistance point, it is at 18.72.
Ratios To Look Out For
For context, Adeia Inc’s Current Ratio is 3.53. As well, the Quick Ratio is 3.42, while the Cash Ratio is 1.08. Considering the valuation of this stock, the price to sales ratio is 4.76, the price to book ratio is 4.73 and price to earnings (TTM) ratio is 28.59.
