Adobe Inc (NASDAQ: ADBE) is -18.19% lower on its value in year-to-date trading and has touched a low of $331.89 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 $492.27 in the last trading session, with the day’s loss setting it -4.17%.
Currently trading at $488.10, the stock is 2.47% and -3.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.15 million and changing -0.85% at the moment leaves the stock -11.44% off its SMA200. ADBE registered 41.86% gain for a year compared to 6-month loss of -13.68%.
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The stock witnessed a -0.90% gain in the last 1 month and extending the period to 3 months gives it a -20.74%, and is 3.99% 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 1.78% over the week and 2.08% over the month.
Adobe Inc (ADBE) has around 29945 employees, a market worth around $218.67B and $19.92B in sales. Current P/E ratio is 46.63 and Fwd P/E is 23.99. Profit margin for the company is 24.11%. Distance from 52-week low is 47.07% and -23.53% from its 52-week high. The company has generated returns on investments over the last 12 months (26.71%).
The EPS is expected to grow by 12.05% this year
The shares outstanding are 455.00M, and float is at 444.93M with Short Float at 1.62%.
Adobe Inc (ADBE) Insider Activity
The most recent transaction is an insider sale by Garfield Mark S., the company’s SVP & CAO. SEC filings show that Garfield Mark S. sold 795 shares of the company’s common stock on May 06 ’24 at a price of $490.10 per share for a total of $0.39 million. Following the sale, the insider now owns 3333.0 shares.
Adobe Inc disclosed in a document filed with the SEC on May 02 ’24 that Belsky Scott (Chief Strategy Officer & EVP) sold a total of 2,713 shares of the company’s common stock. The trade occurred on May 02 ’24 and was made at $474.30 per share for $1.29 million. Following the transaction, the insider now directly holds 21114.0 shares of the ADBE stock.
Still, SEC filings show that on Apr 25 ’24, Garfield Mark S. (SVP & CAO) disposed off 97 shares at an average price of $468.41 for $45436.0. The insider now directly holds 4,128 shares of Adobe Inc (ADBE).
