Adeia Inc (NASDAQ: ADEA) stock closed at $11.03 on 5/7/24 after a major increase of 10.4%. Moreover, trading volume in this advance was unusually high at 193% of normal. The stock has risen 7.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ADEA is expected to continue to be a major Value Builder.
Adeia has a current Value Trend Rating of C (High 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 52 and a slightly positive Power Rating of 63, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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