Alert: Negative Investment/Fundamental Signals (4/4/24)-InterDigital Inc (NASDAQ: IDCC)


InterDigital Inc (NASDAQ: IDCC) has recently experienced extremely meaningful negative changes in investment behavior: negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.

InterDigital Inc (NASDAQ: IDCC). Slight negative changes in fundamentals have recently occurred: significant quarterly sales 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

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 (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. InterDigital has a poor Appreciation Score of 18 but a very high Power Rating of 86, with the Neutral Value Trend Rating the result.

Recent Price Action

On 4/4/24, InterDigital Inc (NASDAQ: IDCC) stock declined slightly by -0.06%, closing at $95.78. Moreover, trading volume in this decline was exceptionally high at 354% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -9.3% during the last week.

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