IDCC - InterDigital: Ample Room To Lift On The Momentum

2024-03-30 09:27:57 ET

Summary

• InterDigital's stock price has increased by 50% in the last 12 months after trading sideways for 4 years.
• The company's revenue has been growing consistently since 2019, with revenue becoming less dependent on one-off payments.
• However, the stock price seemingly still depends on these one-off payments: in 2016 and 2023, it increased for extended periods after obtaining them.
• Interestingly, InterDigital has struck a new deal with Samsung, and is to obtain a record high one-off payment this year.
• Will the stock price follow suit once more?

After having traded sideways for 4 years, InterDigital's ( IDCC ) stock price has increased by 50% over the last 12 months. Has the stock finally found its inflection point, and will its strong momentum continue, or is it, instead, more likely to trade sideways again for another 4 years? Let's investigate....

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