Currently, there are 440.20M common shares owned by the public and among those 438.40M shares have been available to trade.
The company’s stock has a 5-day price change of -15.78% and -10.70% over the past three months. ADBE shares are trading -21.94% year to date (YTD), with the 12-month market performance down to -25.40% lower. It has a 12-month low price of $433.97 and touched a high of $638.25 over the same period. ADBE has an average intraday trading volume of 3.27 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.90%, -7.79%, and -9.64% respectively.
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Institutional ownership of Adobe Inc (NASDAQ: ADBE) shares accounts for 83.08% of the company’s 440.20M shares outstanding.
It has a market capitalization of $201.14B and a beta (3y monthly) value of 1.29. The stock’s trailing 12-month PE ratio is 37.56, while the earnings-per-share (ttm) stands at $12.40. The company has a PEG of 2.50 and a Quick Ratio of 1.11 with the debt-to-equity ratio at 0.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.91% over the week and 2.49% over the month.
Earnings per share for the fiscal year are expected to increase by 10.95%, and 12.89% over the next financial year. EPS should shrink at an annualized rate of 15.00% over the next five years, compared to 15.54% over the past 5-year period.
Looking at the support for the ADBE, a number of firms have released research notes about the stock. TD Cowen stated their Hold rating for the stock in a research note on December 12, 2024, with the firm’s price target at $625-$550. BMO Capital Markets coverage for the Adobe Inc (ADBE) stock in a research note released on December 06, 2024 offered a Outperform rating with a price target of $600. Oppenheimer was of a view on September 04, 2024 that the stock is Outperform, while JP Morgan gave the stock Overweight rating on June 14, 2024, issuing a price target of $570- $580. Melius on their part issued Hold rating on June 10, 2024.
