Adeia Inc (NASDAQ: ADEA) on Friday, plunged -2.69% from the previous trading day, before settling in for the closing price of $13.00. Within the past 52 weeks, ADEA’s price has moved between $9.68 and $17.46.
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A company in the Technology sector has jumped its sales by 30.44% annually for the last half of the decade. The company achieved an average annual earnings per share of 8.84%. With a float of $106.24 million, this company’s outstanding shares have now reached $108.44 million.
In an organization with 150 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 96.2%, operating margin of 34.73%, and the pretax margin is 23.27%.
Adeia Inc (ADEA) Insider and Institutional Ownership
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Adeia Inc is 2.08%, while institutional ownership is 96.59%.
Adeia Inc (ADEA) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.33 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.84% per share during the next fiscal year.
Adeia Inc (NASDAQ: ADEA) Trading Performance Indicators
Adeia Inc (ADEA) is currently performing well based on its current performance indicators. A quick ratio of 2.94 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.61. Likewise, its price to free cash flow for the trailing twelve months is 6.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.67, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 1.46 in one year’s time.
Technical Analysis of Adeia Inc (ADEA)
Let’s dig in a bit further. During the last 5-days, its volume was 0.4 million. That was inferior than the volume of 0.62 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 2.40%. Additionally, its Average True Range was 0.42.
During the past 100 days, Adeia Inc’s (ADEA) raw stochastic average was set at 29.99%, which indicates a significant increase from 24.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.50% in the past 14 days, which was lower than the 52.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.89, while its 200-day Moving Average is $12.87. However, in the short run, Adeia Inc’s stock first resistance to watch stands at $12.84. Second resistance stands at $13.02. The third major resistance level sits at $13.13. If the price goes on to break the first support level at $12.54, it is likely to go to the next support level at $12.43. The third support level lies at $12.25 if the price breaches the second support level.
Adeia Inc (NASDAQ: ADEA) Key Stats
Market capitalization of the company is 1.37 billion based on 108,500K outstanding shares. Right now, sales total 376,020 K and income totals 64,620 K. The company made 87,670 K in profit during its latest quarter, and 11,810 K in sales during its previous quarter.
