Adobe Inc (ADBE) concluded trading on Thursday at a closing price of $590.44, with 3.49 million shares of worth about $2.06 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.76% during that period and on Thursday the price saw a loss of about -2.35%. Currently the company’s common shares owned by public are about 455.00M shares, out of which, 448.98M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 230 times over the past 12 months. They bought 82,862 shares in 108 of the transactions. In 122 selling transactions, insiders dumped 128,669 shares.
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However, the stock later moved at a day high price of 607.32, or with a loss of -2.35%. Stock saw a price change of -4.13% in past 5 days and over the past one month there was a price change of -0.95%. Year-to-date (YTD), ADBE shares are showing a performance of -1.03% which increased to 56.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $318.60 but also hit the highest price of $638.25 during that period. The average intraday trading volume for Adobe Inc shares is 2.81 million. The stock is currently trading -4.01% below its 20-day simple moving average (SMA20), while that difference is down -2.21% for SMA50 and it goes to 11.47% higher than SMA200.
Adobe Inc (NASDAQ: ADBE) currently have 455.00M outstanding shares and institutions hold larger chunk of about 83.31% of that.
The stock has a current market capitalization of $266.88B and its 3Y-monthly beta is at 1.33. PE ratio of stock for trailing 12 months is 49.95, while it has posted earnings per share of $11.82 in the same period. Its PEG reads 3.49 and has Quick Ratio of 1.34 while making debt-to-equity ratio of 0.25. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ADBE, volatility over the week remained 2.36% while standing at 2.42% over the month.
Analysts are in expectations that Adobe Inc (ADBE) stock would likely to be making an EPS of $4.38 in the current quarter, while forecast for next quarter EPS is $4.38 and it is $20.31 for next year. For the current quarter EPS, analysts have given the company a lowest target $4.25 which is $4.5 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.8 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 11.51% while it is estimated to increase by 13.20% in next year. EPS is likely to shrink at an annualized rate of 14.32% for next 5-years, compared to annual growth of 17.86% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Exane BNP Paribas on January 18, 2024 offering an Underperform rating for the stock and assigned a target price of $499 to it.
