Adobe Inc (NASDAQ: ADBE) is -2.93% lower on its value in year-to-date trading and has touched a low of $323.29 and a high of $638.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ADBE stock was last observed hovering at around $560.42 in the last trading session, with the day’s gains setting it 18.72%.
Currently trading at $579.14, the stock is 2.99% and -1.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.45 million and changing 3.34% at the moment leaves the stock 5.91% off its SMA200. ADBE registered 75.87% gain for a year compared to 6-month gain of 2.59%. The firm has a 50-day simple moving average (SMA 50) of $13.31 and a 200-day simple moving average (SMA200) of $33.19.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -7.66% loss in the last 1 month and extending the period to 3 months gives it a -5.06%, and is 6.30% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.48% over the week and 2.88% over the month.
Adobe Inc (ADBE) has around 29945 employees, a market worth around $261.77B and $19.37B in sales. Current P/E ratio is 49.00 and Fwd P/E is 28.55. Profit margin for the company is 28.02%. Distance from 52-week low is 79.14% and -9.26% from its 52-week high. The company has generated returns on investments over the last 12 months (26.45%).
Adobe Inc quarterly earnings per share for the current quarter are estimated at $4.38 with sales reaching $5.14B over the same period.The EPS is expected to grow by 11.53% this year, but quarterly earnings will post 20.00% year-over-year.
Adobe Inc (ADBE) Top Institutional Holders
3,828 institutions hold shares in Adobe Inc (ADBE), with institutional investors hold 87.01% of the company’s shares. The shares outstanding are 455.00M, and float is at 448.94M with Short Float at 1.20%. Institutions hold 86.84% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 39.67 million shares valued at $19.4 billion. The investor’s holdings represent 8.71% of the ADBE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 36.61 million shares valued at $17.9 billion to account for 8.04% of the shares outstanding. The other top investors are State Street Corporation which holds 18.86 million shares representing 4.14% and valued at over $9.22 billion, while FMR, LLC holds 2.31% of the shares totaling 10.51 million with a market value of $5.14 billion.
Adobe Inc (ADBE) Insider Activity
The most recent transaction is an insider sale by Belsky Scott,the company’sChief Strategy Officer & EVP. SEC filings show that Belsky Scott sold 864 shares of the company’s common stock on Jan 25 ’24 at a price of $615.42 per share for a total of $0.53 million. Following the sale, the insider now owns 22644.0 shares.
Adobe Inc disclosed in a document filed with the SEC on Jan 25 ’24 that Garfield Mark S. (SVP & CAO) sold a total of 788 shares of the company’s common stock. The trade occurred on Jan 25 ’24 and was made at $615.42 per share for $0.48 million. Following the transaction, the insider now directly holds 4055.0 shares of the ADBE stock.
Still, SEC filings show that on Jan 24 ’24, Belsky Scott (Chief Strategy Officer & EVP) disposed off 2,191 shares at an average price of $601.71 for $1.32 million. The insider now directly holds 23,508 shares of Adobe Inc (ADBE).
