Notable negative changes in Adeia Inc (NASDAQ: ADEA) fundamentals have recently occurred: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Adeia Inc (NASDAQ: ADEA). Important negative changes in investment behavior have recently occurred: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
ADEA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Adeia has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Adeia has a slightly negative Appreciation Score of 38 but a slightly positive Power Rating of 60, and the Neutral Value Trend Rating results.
Recent Price Action
Adeia Inc (NASDAQ: ADEA) stock closed at $11.25 on 2/26/24 after a slight decline of -1.0%. This decline was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months but has declined -9.1% during the last week.
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