Adobe Inc (NASDAQ: ADBE) is -4.81% lower on its value in year-to-date trading and has touched a low of $433.97 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 $575.25 in the last trading session, with the day’s loss setting it -7.32%.
Currently trading at $567.93, the stock is 2.53% and 3.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing -1.27% at the moment leaves the stock 4.12% off its SMA200. ADBE registered 0.54% gain for a year compared to 6-month loss of 4.57%.
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The stock witnessed a 10.45% gain in the last 1 month and extending the period to 3 months gives it a 24.60%, and is 1.32% 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 2.21% over the week and 2.14% over the month.
Adobe Inc (ADBE) has around 29945 employees, a market worth around $251.82B and $20.42B in sales. Current P/E ratio is 51.00 and Fwd P/E is 27.59. Profit margin for the company is 24.87%. Distance from 52-week low is 30.87% and -11.02% from its 52-week high. The company has generated returns on investments over the last 12 months (26.22%).
with sales reaching $5.37B over the same period.The EPS is expected to grow by 13.03% this year, but quarterly earnings will post 20.00% year-over-year.
3796.0 institutions hold shares in Adobe Inc (ADBE), with institutional investors hold 86.91% of the company’s shares. The shares outstanding are 455.00M, and float is at 441.57M with Short Float at 1.18%. Institutions hold 86.72% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 41.03 million shares valued at $22.8 billion. The investor’s holdings represent 9.1386 of the ADBE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 38.57 million shares valued at $21.43 billion to account for 8.5908 of the shares outstanding. The other top investors are STATE STREET CORP which holds 20.04 million shares representing 4.4622 and valued at over $11.13 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.3121 of the shares totaling 10.38 million with a market value of $5.75 billion.
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 97 shares of the company’s common stock on Jul 25 ’24 at a price of $537.00 per share for a total of $52089.0. Following the sale, the insider now owns 2797.0 shares.
Adobe Inc disclosed in a document filed with the SEC on Jul 25 ’24 that Belsky Scott (Chief Strategy Officer & EVP) sold a total of 481 shares of the company’s common stock. The trade occurred on Jul 25 ’24 and was made at $537.00 per share for $0.26 million. Following the transaction, the insider now directly holds 19658.0 shares of the ADBE stock.
Still, SEC filings show that on Jul 16 ’24, Garfield Mark S. (SVP & CAO) disposed off 151 shares at an average price of $564.60 for $85255.0. The insider now directly holds 2,797 shares of Adobe Inc (ADBE).
