Adeia Inc (NASDAQ: ADEA) stock closed at $11.52 on 11/8/24 after a major decline of -18.2%. Moreover, this decline was accompanied by exceptionally high trading volume at 282% of normal. Relative to the market the stock has been strong over the last nine months but has declined -7.3% 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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Adeia has a neutral Appreciation Score of 52 and a neutral Power Rating of 59, triggering the Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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