Adeia Inc (ADEA) is ready for next Episode as it posted an annual sales of 388,790 K

A new trading day began on Friday, with Adeia Inc (NASDAQ: ADEA) stock price up 0.25% from the previous day of trading, before settling in for the closing price of $11.77. ADEA’s price has ranged from $8.11 to $13.39 over the past 52 weeks.

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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 24.89%. Meanwhile, its annual earnings per share averaged -4.68%. With a float of $101.13 million, this company’s outstanding shares have now reached $107.38 million.

The extent of productivity of a business whose workforce counts for 130 workers is very important to gauge.

Adeia Inc (ADEA) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Adeia Inc is 3.01%, while institutional ownership is 102.56%. The most recent insider transaction that took place on Nov 20 ’23, was worth 203,026. In this transaction Chief Licensing Officer, Media of this company sold 20,487 shares at a rate of $9.91, taking the stock ownership to the 142,246 shares.

Adeia Inc (ADEA) Performance Highlights and Predictions

In its latest quarterly report, released on 3/31/2024, the company reported earnings of 0.26 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.4 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -4.68% per share during the next fiscal year.

Adeia Inc (NASDAQ: ADEA) Trading Performance Indicators

Here are Adeia Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.23. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.47. Likewise, its price to free cash flow for the trailing twelve months is 8.07.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.35, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 1.49 in one year’s time.

Technical Analysis of Adeia Inc (ADEA)

The latest stats from [Adeia Inc, ADEA] show that its last 5-days average volume of 0.36 million was inferior to 0.5 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 87.64%. Additionally, its Average True Range was 0.30.

During the past 100 days, Adeia Inc’s (ADEA) raw stochastic average was set at 56.91%, which indicates a significant decrease from 90.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.91% in the past 14 days, which was higher than the 37.35% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $10.71, while its 200-day Moving Average is $10.53. Now, the first resistance to watch is $11.94. This is followed by the second major resistance level at $12.07. The third major resistance level sits at $12.20. If the price goes on to break the first support level at $11.68, it is likely to go to the next support level at $11.55. Assuming the price breaks the second support level, the third support level stands at $11.42.

Adeia Inc (NASDAQ: ADEA) Key Stats

With a market capitalization of 1.23 billion, the company has a total of 108,507K Shares Outstanding. Currently, annual sales are 388,790 K while annual income is 67,370 K. The company’s previous quarter sales were 83,410 K while its latest quarter income was 900 K.