Adobe Inc (ADBE) concluded trading on Thursday at a closing price of $517.90, with 3.21 million shares of worth about $1.66 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.03% during that period and on September 25, 2024 the price saw a loss of about -1.18%. Currently the company’s common shares owned by public are about 455.00M shares, out of which, 441.57M shares are available for trading.
Stock saw a price change of 1.92% in past 5 days and over the past one month there was a price change of -7.43%. Year-to-date (YTD), ADBE shares are showing a performance of -13.19% which increased to 1.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $433.97 but also hit the highest price of $638.25 during that period. The average intraday trading volume for Adobe Inc shares is 2.63 million. The stock is currently trading -6.21% below its 20-day simple moving average (SMA20), while that difference is down -5.39% for SMA50 and it goes to -4.24% lower than SMA200.
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Adobe Inc (NASDAQ: ADBE) currently have 455.00M outstanding shares and institutions hold larger chunk of about 84.26% of that.
The stock has a current market capitalization of $229.64B and its 3Y-monthly beta is at 1.29. PE ratio of stock for trailing 12 months is 43.75, while it has posted earnings per share of $11.84 in the same period. Its PEG reads 3.14 and has Quick Ratio of 1.16 while making debt-to-equity ratio of 0.42. 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 1.85% while standing at 2.31% over the month.
Stock’s fiscal year EPS is expected to rise by 13.66% while it is estimated to increase by 12.44% in next year. EPS is likely to shrink at an annualized rate of 13.92% 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 Oppenheimer on September 04, 2024 offering an Outperform rating for the stock and assigned a target price range of between $580 and $625 to it. Coverage by JP Morgan stated Adobe Inc (ADBE) stock as an Overweight in their note to investors on June 14, 2024, suggesting a price target of $580 for the stock. On June 10, 2024, Melius Downgrade their recommendations, while on March 21, 2024, KeyBanc Capital Markets Initiated their ratings for the stock with a price target of $445. Stock get an Underperform rating from Exane BNP Paribas on January 18, 2024.
