Recent extremely meaningful negative changes in investment behavior have impacted Adeia Inc (NASDAQ: ADEA): the stock’s recent price decline challenged its longer term uptrend, and its longer term price trend turned down.
Adeia Inc (NASDAQ: ADEA) has recently experienced significant negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
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’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Adeia has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Adeia has a neutral Appreciation Score of 49 and a slightly positive Power Rating of 60, triggering the Neutral Value Trend Rating.
Recent Price Action
On 4/10/24, Adeia Inc (NASDAQ: ADEA) stock declined by -3.2%, closing at $10.42. However, below average trading volume at 78% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -2.2% during the last week.
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