Adobe Inc (NASDAQ: ADBE) is -11.99% lower on its value in year-to-date trading and has touched a low of $374.50 and a high of $587.75 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 $399.34 in the last trading session, with the day’s loss setting it -7.97%.
Currently trading at $391.37, the stock is -9.65% and -10.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.1 million and changing -2.00% at the moment leaves the stock -21.17% off its SMA200. ADBE registered -31.39% loss for a year compared to 6-month loss of -27.10%. The firm has a 50-day simple moving average (SMA 50) of $435.2636 and a 200-day simple moving average (SMA200) of $496.48654.
The stock witnessed a -14.95% gain in the last 1 month and extending the period to 3 months gives it a -17.54%, and is -9.75% 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 4.29% over the week and 2.74% over the month.
Adobe Inc (ADBE) has around 30709 employees, a market worth around $170.21B and $22.04B in sales. Current P/E ratio is 25.77 and Fwd P/E is 17.09. Profit margin for the company is 30.63%. Distance from 52-week low is 4.50% and -33.41% from its 52-week high. The company has generated returns on investments over the last 12 months (34.47%).
with sales reaching $5.81B over the same period.The EPS is expected to grow by 10.76% this year, but quarterly earnings will post 9.30% year-over-year. Quarterly sales are estimated to grow 9.38% in year-over-year returns.
Adobe Inc (ADBE) Top Institutional Holders
3893.0 institutions hold shares in Adobe Inc (ADBE), with institutional investors hold 85.76% of the company’s shares. The shares outstanding are 434.90M, and float is at 433.45M with Short Float at 1.77%. Institutions hold 85.57% 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).
