Adobe Inc (ADBE) concluded trading on Wednesday at a closing price of $387.89, with 4.34 million shares of worth about $1.68 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -25.62% during that period and on Wednesday the price saw a loss of about -0.89%. Currently the company’s common shares owned by public are about 434.90M shares, out of which, 433.45M shares are available for trading.
Stock saw a price change of -11.56% in past 5 days and over the past one month there was a price change of -16.42%. Year-to-date (YTD), ADBE shares are showing a performance of -12.77% which decreased to -21.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $374.50 but also hit the highest price of $587.75 during that period. The average intraday trading volume for Adobe Inc shares is 3.76 million. The stock is currently trading -9.74% below its 20-day simple moving average (SMA20), while that difference is down -10.71% for SMA50 and it goes to -21.83% lower than SMA200.
Adobe Inc (NASDAQ: ADBE) currently have 434.90M outstanding shares and institutions hold larger chunk of about 82.81% of that.
The stock has a current market capitalization of $168.69B and its 3Y-monthly beta is at 1.48. PE ratio of stock for trailing 12 months is 25.54, while it has posted earnings per share of $15.19 in the same period. Its PEG reads 2.21 and has Quick Ratio of 1.04 while making debt-to-equity ratio of 0.50. 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 4.33% while standing at 2.73% over the month.
Stock’s fiscal year EPS is expected to rise by 10.76% while it is estimated to increase by 12.27% in next year. EPS is likely to shrink at an annualized rate of 11.55% for next 5-years, compared to annual growth of 15.54% 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 BMO Capital Markets on March 13, 2025 offering an Outperform rating for the stock and assigned a target price range of between $515 and $495 to it. On January 15, 2025, Exane BNP Paribas Upgrade their recommendations, while on January 08, 2025, Deutsche Bank Downgrade their ratings for the stock with a price target of $475. Stock get a Hold rating from TD Cowen on December 12, 2024.
