Adobe Inc (NASDAQ: ADBE) is -11.76% 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 $504.48 in the last trading session, with the day’s gains setting it 21.94%.
Currently trading at $526.42, the stock is 6.89% and 2.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.12 million and changing 4.35% at the moment leaves the stock 0.63% off its SMA200. ADBE registered -11.85% loss for a year compared to 6-month gain of 10.60%. The firm has a 50-day simple moving average (SMA 50) of $512.607 and a 200-day simple moving average (SMA200) of $523.139.
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The stock witnessed a 3.29% loss in the last 1 month and extending the period to 3 months gives it a -2.48%, and is 8.22% 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 3.17% over the week and 2.09% over the month.
Adobe Inc (ADBE) has around 29945 employees, a market worth around $231.73B and $20.94B in sales. Current P/E ratio is 44.46 and Fwd P/E is 25.64. Profit margin for the company is 25.59%. Distance from 52-week low is 21.30% and -17.52% from its 52-week high. The company has generated returns on investments over the last 12 months (28.13%).
with sales reaching $5.54B over the same period.The EPS is expected to grow by 13.69% this year, but quarterly earnings will post 19.90% year-over-year. Quarterly sales are estimated to grow 19.10% in year-over-year returns.
Adobe Inc (ADBE) Top Institutional Holders
3779.0 institutions hold shares in Adobe Inc (ADBE), with institutional investors hold 87.18% of the company’s shares. The shares outstanding are 455.00M, and float is at 438.41M with Short Float at 1.47%. Institutions hold 86.99% 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 Forusz Jillian, the company’s SVP & CAO. SEC filings show that Forusz Jillian sold 676 shares of the company’s common stock on Oct 29 ’24 at a price of $484.97 per share for a total of $0.33 million. Following the sale, the insider now owns 2715.0 shares.
Still, SEC filings show that on Oct 29 ’24, Forusz Jillian (Officer) Proposed Sale 676 shares at an average price of $484.97 for $0.33 million. The insider now directly holds shares of Adobe Inc (ADBE).
