The stock of Adobe Inc. (ADBE) has seen a 2.56% increase in the past week, with a -1.04% drop in the past month, and a 5.40% flourish in the past quarter. The volatility ratio for the week is 1.89%, and the volatility levels for the past 30 days are at 2.70% for ADBE. The simple moving average for the past 20 days is 2.83% for ADBE’s stock, with a 4.95% simple moving average for the past 200 days.
Is It Worth Investing in Adobe Inc. (NASDAQ: ADBE) Right Now?
Adobe Inc. (NASDAQ: ADBE) has a higher price-to-earnings ratio of 36.06x compared to its average ratio,, and the 36-month beta value for ADBE is at 1.30. Analysts have varying views on the stock, with 13 analysts rating it as a “buy,” 4 rating it as “overweight,” 18 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for ADBE is $397.66, which is $32.84 above the current market price. The public float for ADBE is 457.38M, and currently, shorts hold a 1.21% of that float. The average trading volume for ADBE on May 25, 2023 was 3.14M shares.
ADBE) stock’s latest price update
The stock of Adobe Inc. (NASDAQ: ADBE) has decreased by -1.26 when compared to last closing price of 370.42. Despite this, the company has experienced a 2.56% gain in its stock price over the last five trading sessions. Barron’s reported on 05/09/23 that Online Prices Drop Again in April: Report
ADBE Trading at 0.09% 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 -18.93% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 1.89%, as shares surge +0.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.73% upper at present.
During the last 5 trading sessions, ADBE rose by +2.56%, which changed the moving average for the period of 200-days by -15.79% in comparison to the 20-day moving average, which settled at $355.82. In addition, Adobe Inc. saw 8.69% 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 Belsky Scott, who sale 3,000 shares at the price of $374.56 back on May 02. After this action, Belsky Scott now owns 24,683 shares of Adobe Inc., valued at $1,123,680 using the latest closing price.
WARNOCK JOHN E, the Director of Adobe Inc., sale 3,000 shares at $364.43 during a trade that took place back on Apr 26, which means that WARNOCK JOHN E is holding 375,965 shares at $1,093,285 based on the most recent closing price.
Stock Fundamentals for ADBE
Current profitability levels for the company are sitting at:
- +33.98 for the present operating margin
- +86.61 for the gross margin
The net margin for Adobe Inc. stands at +27.29. The total capital return value is set at 31.04, while invested capital returns managed to touch 25.39. Equity return is now at value 33.50, with 17.70 for asset returns.
Based on Adobe Inc. (ADBE), the company’s capital structure generated 32.97 points at debt to equity in total, while total debt to capital is 24.80. Total debt to assets is 17.06, with long-term debt to equity ratio resting at 28.80. Finally, the long-term debt to capital ratio is 21.65.
When we switch over and look at the enterprise to sales, we see a ratio of 9.45, with the company’s debt to enterprise value settled at 0.03. The receivables turnover for the company is 8.63 and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In conclusion, Adobe Inc. (ADBE) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
