How Should Investors View Adeia Inc. (ADEA) Insider Trading?


As of Wednesday close, Adeia Inc.’s (NASDAQ:ADEA) stock was up $0.17, moving up 1.68 percent to $10.27. The average number of shares traded per day over the past five days has been 362,040 shares. 3 times new highs have been achieved over the past 5 days, with a $0.23 gain in that time frame. In the last twenty days, the average volume was 612,905, while in the previous 50 days, it was 1,262,025.

Since last month, ADEA stock retreated -4.11%. Shares of the company fell to $9.53 on 11/21/22, the lowest level in the past month. A 52-week high of $20.72 was reached on 11/02/22 after having rallying from a 52-week low of $6.52. Since the beginning of this year, ADEA’s stock price has dropped by -45.69% or $5.29, and marked a new high 13 times. However, the stock has declined by -50.43% since its 52-week high.

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Valuation Metrics

The stock’s beta is 1.74. Besides these, the trailing price-to-sales (P/S) ratio of 1.17, the price-to-book (PB) ratio of 1.08, and the price-to-cash flow ratio of 6.25 may also be considered.

Financial Health

In the three months ended September 29, Adeia Inc.’s quick ratio stood at 2.40, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.76, and the total debt-to-equity ratio was 0.79. On the profitability front, the trailing twelve-month gross margin is 86.30% percent. In the year ended September 29, operating margins totaled -34.10%. Based on annual data, ADEA earned $750.94 million in gross profit and brought in $877.7 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.90%. Return on equity (ROE) for the past 12 months was -30.30%.

In Adeia Inc.’s quarter-end financial report for September 29, it reported total debt of $752.17 million against cash and short-term investments of $1.4 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ADEA’s revenue fell -4.0% to $234.02 million during the quarter, while net income inched up to $210.94 million. While analysts expected Adeia Inc. to report $0.32 quarterly earnings, the actual figure was $0.31 per share, beating the consensus estimate by -3.10%. During the quarter, the company generated $23.98 million in EBITDA. The liabilities of Adeia Inc. were 1.18 billion at the end of its most recent quarter ended September 29, and its total debt was $853.49 million. The value of shareholders’ equity is $105.06 million.

Technical Picture

This quick technical analysis looks at Adeia Inc.’s (ADEA) price momentum. With a historical volatility rate of 35.32%, the RSI 9-day stood at 50.34% on 23 November.

With respect to its five-day moving average, the current Adeia Inc. price is up by +2.29% percent or $0.23. At present, ADEA shares trade -3.66% below its 20-day simple moving average and +160.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately +165.12% above its SMA50 and +134.39% above its SMA200.

Stochastic coefficient K was 23.78% and Stochastic coefficient D was 17.01%, while ATR was 0.57. Given the Stochastic reading of 35.92% for the 14-day period, the RSI (14) reading has been calculated as 54.29%. As of today, the MACD Oscillator reading stands at -0.06, while the 14-day reading stands at -0.38.

Analyst Ratings

Adeia Inc. (ADEA) has been rated Buy by analysts. According to 0 brokerage firms, ADEA is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Adeia Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $16.00, the current consensus forecast for the stock is $14.00 – $17.00. Based on these forecasts, analysts predict Adeia Inc. (ADEA) will achieve an average price target of $15.67.


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