Currently, there are 441.00M common shares owned by the public and among those 433.89M shares have been available to trade.
The company’s stock has a 5-day price change of 1.49% and -8.29% over the past three months. ADBE shares are trading -0.41% year to date (YTD), with the 12-month market performance down to -28.87% lower. It has a 12-month low price of $403.75 and touched a high of $638.25 over the same period. ADBE has an average intraday trading volume of 3.82 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 2.85%, -6.17%, and -11.99% respectively.
Institutional ownership of Adobe Inc (NASDAQ: ADBE) shares accounts for 83.73% of the company’s 441.00M shares outstanding.
It has a market capitalization of $192.77B and a beta (3y monthly) value of 1.31. The stock’s trailing 12-month PE ratio is 35.69, while the earnings-per-share (ttm) stands at $12.41. The company has a PEG of 3.02 and a Quick Ratio of 1.04 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 2.23% over the week and 2.09% over the month.
Earnings per share for the fiscal year are expected to increase by 10.82%, and 12.93% over the next financial year. EPS should shrink at an annualized rate of 11.81% 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. Exane BNP Paribas stated their Neutral rating for the stock in a research note on January 15, 2025, with the firm’s price target at $425. Deutsche Bank coverage for the Adobe Inc (ADBE) stock in a research note released on January 08, 2025 offered a Hold rating with a price target of $475. TD Cowen was of a view on December 12, 2024 that the stock is Hold, while BMO Capital Markets gave the stock Outperform rating on December 06, 2024, issuing a price target of $580- $600. Oppenheimer on their part issued Outperform rating on September 04, 2024.
