Adeia Inc (NASDAQ:ADEA) currently has a daily average trading volume of 573.58K but it saw 374686 shares traded in last market. With a market cap of 1.42B USD, the company’s current market price of $13.06 came rising about 0.23 while comparing to the previous closing price of $13.03. In past 52 weeks, the stock remained buoying in the range of price level as high as $17.46 and as low as $9.68.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Rosenblatt which initiated the stock as “Buy” in its note to investors issued on February 23, 2024, recommending a price target of $15 for it.
Over the week, ADEA’s stock price is moving -5.70% down while it is -2.68% when we observe its performance for the past one month. Year-to-date it is -6.58% down and over the past year, the stock is showing an upside performance of 19.38%.
The company is expected to be releasing its next quarterly report on 2025-May-05, for which analysts forecasted an EPS of 0.26 while estimate for next year EPS is 1.37. In next quarter, company is expected to be making quarterly sales of $100.88M as analysts are expecting the sales for current fiscal year at $408.03M and seeing the company making $425M in sales next year. Moreover, analysts are in estimates of $91.01M for current-quarter revenue.
Currently, Adeia Inc’s total number of outstanding shares is 108.44M. Company’s return on investment (ROI) stands at 9.03% and return on equity (ROE) at 20.43%. It has a price to earnings ratio (P/E ratio) of 19.58 while having a 8.98 of forward P/E ratio. Stock’s beta reads 2.35. Stock has a price to book (P/B) ratio of 3.64 while price to sale or P/S ratio amounts to 3.73. Its return on asset (ROA) is 6.97% on average.
