InterDigital (IDCC) Is Up 0.12% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: InterDigital (IDCC) - InterDigital currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook compared to the market [3] Performance Metrics - Over the past week, IDCC shares increased by 0.12%, while the Zacks Wireless Equipment industry rose by 0.81% [5] - In a longer timeframe, IDCC shares have appreciated by 5.68% monthly, outperforming the industry's 2.05% [5] - Over the last quarter, IDCC shares rose by 13.21%, and over the past year, they surged by 112%, contrasting with the S&P 500's -4.28% and 11.56% respectively [6] Trading Volume - IDCC's average 20-day trading volume is 398,062 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, four earnings estimates for IDCC have been revised upwards, while none have been lowered, increasing the consensus estimate from $6.26 to$10.45 [9] - For the next fiscal year, three estimates have moved up, with one downward revision noted [9] Conclusion - Given the strong performance metrics and positive earnings outlook, IDCC is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment option [11]