Adobe Inc. (NASDAQ:ADBE) went up by 1.80% from its latest closing price compared to the recent 1-year high of $673.88. The company’s stock price has collected 3.65% of gains in the last five trading sessions. Press Release reported 15 hours ago that Chorus.ai Cited As A Strong Performer in New Report by Independent Research Firm
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 48.78 x from its present earnings ratio. Plus, the 36-month beta value for ADBE is at 1.02. Opinions of the stock are interesting as 21 analysts out of 29 who provided ratings for Adobe Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $710.33, which is $55.19 above the current price. ADBE currently public float of 474.32M and currently shorts hold a 0.93% ratio of that float. Today, the average trading volume of ADBE was 1.87M shares.
ADBE’s Market Performance
ADBE stocks went up by 3.65% for the week, with a monthly drop of -8.35% and a quarterly performance of -2.48%, while its annual performance rate touched 14.93%. The volatility ratio for the week stands at 1.72% while the volatility levels for the past 30 days are set at 2.13% for Adobe Inc.. The simple moving average for the period of the last 20 days is -2.02% for ADBE stocks with a simple moving average of 9.62% for the last 200 days.
Analysts’ Opinion of ADBE
Many brokerage firms have already submitted their reports for ADBE stocks, with Wells Fargo repeating the rating for ADBE by listing it as a “Overweight.” The predicted price for ADBE in the upcoming period, according to Wells Fargo is $770 based on the research report published on September 20th of the current year 2021.
Mizuho, on the other hand, stated in their research note that they expect to see ADBE reach a price target of $695, previously predicting the price at $640. The rating they have provided for ADBE stocks is “Buy” according to the report published on September 17th, 2021.
BMO Capital Markets gave a rating of “Outperform” to ADBE, setting the target price at $730 in the report published on September 16th of the current year.
ADBE Trading at -6.03% 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 -12.28% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares sank -10.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.85% lower at present.
During the last 5 trading sessions, ADBE rose by +3.65%, which changed the moving average for the period of 200-days by +18.47% in comparison to the 20-day moving average, which settled at $599.80. In addition, Adobe Inc. saw 18.20% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ADBE starting from WARNOCK JOHN E, who sale 3,000 shares at the price of $628.03 back on Sep 24. After this action, WARNOCK JOHN E now owns 414,960 shares of Adobe Inc., valued at $1,884,097 using the latest closing price.
NARAYEN SHANTANU, the Chairman, President and CEO of Adobe Inc., sale 40,000 shares at $620.26 during a trade that took place back on Sep 24, which means that NARAYEN SHANTANU is holding 329,717 shares at $24,810,482 based on the most recent closing price.
Stock Fundamentals for ADBE
Current profitability levels for the company are sitting at:
- +32.91 for the present operating margin
- +85.36 for the gross margin
The net margin for Adobe Inc. stands at +40.89. The total capital return value is set at 25.94, while invested capital returns managed to touch 35.78. Equity return is now at value 42.40, with 23.10 for asset returns.
Based on Adobe Inc. (ADBE), the company’s capital structure generated 35.49 points at debt to equity in total, while total debt to capital is 26.20. Total debt to assets is 19.39, with long-term debt to equity ratio resting at 34.80. Finally, the long-term debt to capital ratio is 25.68.
When we switch over and look at the enterprise to sales, we see a ratio of 17.90, with the company’s debt to enterprise value settled at 0.02. The receivables turnover for the company is 8.77 and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.45.