Alert: Positive Investment/Fundamental Signals (12/4/23)-InterDigital Inc (NASDAQ: IDCC)


Extremely important positive changes in investment behavior have recently occurred for InterDigital Inc (NASDAQ: IDCC): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.

Meaningful positive changes in InterDigital Inc (NASDAQ: IDCC) fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, and the consensus estimate for December, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, IDCC is expected to continue to be a major Value Builder.

InterDigital has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. InterDigital has a slightly negative Appreciation Score of 32 but a very high Power Rating of 89, and the High Neutral Value Trend Rating results.

Recent Price Action

InterDigital Inc (NASDAQ: IDCC) stock closed at $102.42 on 12/4/23 after an increase of 1.4%. Moreover, above average trading volume at 147% of normal accompanied the advance. The stock has risen 2.5% during the last week and has been exceptionally strong relative to the market over the last nine months.

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