Adobe Inc (ADBE) concluded trading on Wednesday at a closing price of $438.60, with 5.14 million shares of worth about $2.25 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.04% during that period and on March 12, 2025 the price saw a gain of about 1.14%. Currently the company’s common shares owned by public are about 441.00M shares, out of which, 433.45M shares are available for trading.
Stock saw a price change of -2.80% in past 5 days and over the past one month there was a price change of -2.77%. Year-to-date (YTD), ADBE shares are showing a performance of -1.37% which decreased to -20.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $403.75 but also hit the highest price of $587.75 during that period. The average intraday trading volume for Adobe Inc shares is 4.00 million. The stock is currently trading -1.95% below its 20-day simple moving average (SMA20), while that difference is down -0.22% for SMA50 and it goes to -11.97% lower than SMA200.
Adobe Inc (NASDAQ: ADBE) currently have 441.00M outstanding shares and institutions hold larger chunk of about 82.76% of that.
The stock has a current market capitalization of $190.75B and its 3Y-monthly beta is at 1.42. PE ratio of stock for trailing 12 months is 35.35, while it has posted earnings per share of $12.41 in the same period. Its PEG reads 3.06 and has Quick Ratio of 1.04 while making debt-to-equity ratio of 0.43. 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 2.41% while standing at 2.24% over the month.
Analysts are in expectations that Adobe Inc (ADBE) stock would likely to be making an EPS of 5.0 in the current quarter, while forecast for next quarter EPS is 5.15 and it is 22.99 for next year. For the current quarter EPS, analysts have given the company a lowest target 4.88 which is 5.11 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 4.48 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 10.70% while it is estimated to increase by 12.82% in next year. EPS is likely to shrink at an annualized rate of 11.54% for next 5-years, compared to annual growth of 15.54% made by the stock over the past 5-years.
Coverage by Exane BNP Paribas stated Adobe Inc (ADBE) stock as a Neutral in their note to investors on January 15, 2025, suggesting a price target of $425 for the stock. On January 08, 2025, Deutsche Bank Downgrade their recommendations, while on December 12, 2024, TD Cowen Downgrade their ratings for the stock with a price target of $550. Stock get an Outperform rating from BMO Capital Markets on December 06, 2024.
