Adeia Inc (NASDAQ:ADEA) shares, rose in value on Friday, May 30, without any change to the previous day’s close as strong demand from buyers drove the stock to $12.84.
Actively observing the price movement in the last trading, the stock closed the session at $12.84. The PE ratio was 19.25 over 12-month period. Referring to stock’s 52-week performance, its high was $17.46, and the low was $9.68. On the whole, ADEA has fluctuated by 4.31% over the past month.
With the market capitalization of Adeia Inc currently standing at about $1.39 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 1.56%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ADEA’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of ADEA currently trading nearly -2.87% and 0.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.73, while the 7-day volatility ratio is showing 1.45% which for the 30-day chart, stands at 2.51%. Furthermore, Adeia Inc (ADEA)’s beta value is 2.35, and its average true range (ATR) is 0.39.
A comparison of Adeia Inc (ADEA) with its peers suggests the former has fared considerably weaker in the market. ADEA showed an intraday change of 0.00% in last session, and over the past year, it grew by 10.69%%.
Data on historical trading for Adeia Inc (NASDAQ:ADEA) indicates that the trading volumes over the past 3 months, they’ve averaged 609.87K. According to company’s latest data on outstanding shares, there are 108.44 million shares outstanding.
Nearly 2.08% of Adeia Inc’s shares belong to company insiders and institutional investors own 96.60% of the company’s shares. The stock has fallen by -8.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ADEA stock heading into the next quarter.
