Adeia Inc (NASDAQ: ADEA) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Recent important negative changes in fundamentals have impacted Adeia Inc (NASDAQ: ADEA): 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
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 50 and a neutral Power Rating of 59, producing the Neutral Value Trend Rating.
Recent Price Action
On 8/2/24, Adeia Inc (NASDAQ: ADEA) stock suffered a large decline of -5.3%, closing at $10.51. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -8.2% during the last week.
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