For its third fiscal quarter (ending September 30), Adeia Inc (NASDAQ: ADEA) has reported a -22% decline in E.P.S. from $0.23 a year ago to $0.18 in the current quarter. For the latest four quarters through September 30, E.P.S. were $0.38 versus $1.21 for the same period a year ago — a decline of -69%.
Recent Price Action
On 11/7/24, Adeia Inc (NASDAQ: ADEA) stock rose slightly by 0.3%, closing at $14.09. Moreover, this advance was accompanied by exceptionally high trading volume at 211% of normal. Relative to the market the stock has been strong over the last nine months and has risen 11.1% during the last week.
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 (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Adeia has a neutral Appreciation Score of 44 and a neutral Power Rating of 59, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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