Adobe Inc (NASDAQ: ADBE) is -2.61% lower on its value in year-to-date trading and has touched a low of $403.75 and a high of $628.07 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 $435.40 in the last trading session, with the day’s loss setting it -2.33%.
Currently trading at $433.07, the stock is 0.26% and -5.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.69 million and changing -0.54% at the moment leaves the stock -13.70% off its SMA200. ADBE registered -28.67% loss for a year compared to 6-month loss of -15.68%. The firm has a 50-day simple moving average (SMA 50) of $460.5512 and a 200-day simple moving average (SMA200) of $501.8059.
The stock witnessed a 2.47% gain in the last 1 month and extending the period to 3 months gives it a -10.97%, and is -1.00% down 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 2.03% over the week and 2.06% over the month.
Adobe Inc (ADBE) has around 30709 employees, a market worth around $188.52B and $21.50B in sales. Current P/E ratio is 34.90 and Fwd P/E is 18.79. Profit margin for the company is 25.85%. Distance from 52-week low is 7.26% and -31.05% from its 52-week high. The company has generated returns on investments over the last 12 months (29.91%).
with sales reaching $5.66B over the same period.The EPS is expected to grow by 10.82% this year, but quarterly earnings will post 9.46% year-over-year. Quarterly sales are estimated to grow 9.29% in year-over-year returns.
Adobe Inc (ADBE) Top Institutional Holders
3835.0 institutions hold shares in Adobe Inc (ADBE), with institutional investors hold 85.84% of the company’s shares. The shares outstanding are 441.00M, and float is at 433.31M with Short Float at 2.01%. Institutions hold 85.66% 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 purchase by Ricks David A, the company’s Director. SEC filings show that Ricks David A bought 2,250 shares of the company’s common stock on Jan 28 ’25 at a price of $443.98 per share for a total of $1.0 million. Following the purchase, the insider now owns 4984.0 shares.
Still, SEC filings show that on Jan 27 ’25, Belsky Scott (Chief Strategy Officer & EVP) disposed off 3,819 shares at an average price of $430.24 for $1.64 million. The insider now directly holds 18,334 shares of Adobe Inc (ADBE).
