We Analyzed the Future Direction of Adobe Inc. (ADBE), Here is What We Found

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Adobe Inc. (NASDAQ:ADBE) went up by 0.91% from its latest closing price compared to the recent 1-year high of $536.88. The company’s stock price has collected -4.65% of loss in the last five trading sessions. MarketWatch.com reported 18 hours ago that Another round of stimulus checks could help boost U.S. online holiday sales by $11 billion, Adobe says

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Is It Worth Investing in Adobe Inc. (NASDAQ :ADBE) Right Now?

Adobe Inc. (NASDAQ:ADBE) scored a price-to-earnings ratio above its average ratio, recording 58.05 x from its present earnings ratio. Plus, the 36-month beta value for ADBE is at 0.98. Opinions of the stock are interesting as 17 analysts out of 26 who provided ratings for Adobe Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”

The average price from analysts is $557.30, which is $90.92 above the current price. ADBE currently public float of 477.04M and currently shorts hold a 0.92% ratio of that float. Today, the average trading volume of ADBE was 2.88M shares.

ADBE’s Market Performance

ADBE stocks went down by -4.65% for the week, with a monthly drop of -5.98% and a quarterly performance of 3.78%, while its annual performance rate touched 65.62%. The volatility ratio for the week stands at 2.51% while the volatility levels for the past 30 days are set at 2.45% for Adobe Inc.. The simple moving average for the period of the last 20 days is -6.22% for ADBE stocks with a simple moving average of 13.69% for the last 200 days.

Analysts’ Opinion of ADBE

Many brokerage firms have already submitted their reports for ADBE stocks, with DZ Bank repeating the rating for ADBE by listing it as a “Buy.” The predicted price for ADBE in the upcoming period, according to DZ Bank is $570 based on the research report published on September 17th of the current year 2020.

Wells Fargo, on the other hand, stated in their research note that they expect to see ADBE reach a price target of $500, previously predicting the price at $375. The rating they have provided for ADBE stocks is “Equal Weight” according to the report published on September 16th, 2020.

UBS gave a rating of “Buy” to ADBE, setting the target price at $577 in the report published on September 16th of the current year.

ADBE Trading at -5.81% from the 50-Day Moving Average

After a stumble in the market that brought ADBE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.11% of loss for the given period.

Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares sank -7.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.19% lower at present.

During the last 5 trading sessions, ADBE fell by -4.65%, which changed the moving average for the period of 200-days by +34.46% in comparison to the 20-day moving average, which settled at $489.79. In addition, Adobe Inc. saw 39.81% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ADBE starting from Murphy John Francis, who sale 4,000 shares at the price of $480.90 back on Oct 26. After this action, Murphy John Francis now owns 11,883 shares of Adobe Inc., valued at $1,923,600 using the latest closing price.

Belsky Scott, the EVP, Chief Product Officer of Adobe Inc., sale 600 shares at $499.26 during a trade that took place back on Oct 15, which means that Belsky Scott is holding 10,253 shares at $299,556 based on the most recent closing price.

Stock Fundamentals for ADBE

Current profitability levels for the company are sitting at:

  • +29.00 for the present operating margin
  • +83.40 for the gross margin

The net margin for Adobe Inc. stands at +26.51. The total capital return value is set at 22.93, while invested capital returns managed to touch 23.61. Equity return is now at value 35.40, with 18.00 for asset returns.

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Based on Adobe Inc. (ADBE), the company’s capital structure generated 39.30 points at debt to equity in total, while total debt to capital is 28.21. Total debt to assets is 19.51, with long-term debt to equity ratio resting at 9.39. Finally, the long-term debt to capital ratio is 6.74.

When we switch over and look at the enterrpise to sales, we see a ratio of 13.67, with the company’s debt to enterprise value settled at 0.03. The receivables turnover for the company is 7.81 and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.

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