On 8/1/24, InterDigital Inc (NASDAQ: IDCC) stock enjoyed a major increase of 11.5%, closing at $136.87. Moreover, this advance was accompanied by exceptionally high trading volume at 301% of normal. The stock has been strong relative to the market over the last nine months and has risen 12.8% during the last week.
Current PriceTarget Research Rating
IDCC’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.
InterDigital has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. InterDigital has a poor Appreciation Score of 16 but a neutral Power Rating of 58, with the Negative Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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