Adeia Inc (NASDAQ: ADEA) kicked off on Tuesday, down -4.11% from the previous trading day, before settling in for the closing price of $17.04. Over the past 52 weeks, ADEA has traded in a range of $9.68-$17.46.
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Annual sales at Technology sector company grew by 30.44% over the past five years. While this was happening, its average annual earnings per share was recorded 7.99%. With a float of $102.15 million, this company’s outstanding shares have now reached $108.07 million.
Let’s look at the performance matrix of the company that is accounted for 150 employees. In terms of profitability, gross margin is 88.25%, operating margin of 36.11%, and the pretax margin is 21.59%.
Adeia Inc (ADEA) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Adeia Inc is 2.03%, while institutional ownership is 103.12%.
Adeia Inc (ADEA) Latest Financial update
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 7.99% per share during the next fiscal year.
Adeia Inc (NASDAQ: ADEA) Trading Performance Indicators
Take a look at Adeia Inc’s (ADEA) current performance indicators. Last quarter, stock had a quick ratio of 3.53. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.67. Likewise, its price to free cash flow for the trailing twelve months is 8.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.57, a number that is poised to hit 0.25 in the next quarter and is forecasted to reach 1.50 in one year’s time.
Technical Analysis of Adeia Inc (ADEA)
Adeia Inc (NASDAQ: ADEA) saw its 5-day average volume 1.58 million, a positive change from its year-to-date volume of 0.6 million. As of the previous 9 days, the stock’s Stochastic %D was 87.32%. Additionally, its Average True Range was 0.67.
During the past 100 days, Adeia Inc’s (ADEA) raw stochastic average was set at 81.96%, which indicates a significant increase from 77.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.19% in the past 14 days, which was higher than the 58.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.74, while its 200-day Moving Average is $12.26. Nevertheless, the first resistance level for the watch stands at $16.82 in the near term. At $17.30, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.62. If the price goes on to break the first support level at $16.02, it is likely to go to the next support level at $15.70. The third support level lies at $15.22 if the price breaches the second support level.
Adeia Inc (NASDAQ: ADEA) Key Stats
The company with the Market Capitalisation of 1.76 billion has total of 107,509K Shares Outstanding. Its annual sales at the moment are 376,020 K in contrast with the sum of 64,620 K annual income. Company’s last quarter sales were recorded 119,170 K and last quarter income was 36,030 K.
