The stock of Adobe Inc. (NASDAQ: ADBE) has decreased by -4.21 when compared to last closing price of 552.16.Despite this, the company has seen a loss of -5.62% in its stock price over the last five trading days. The Motley Fool reported 2023-09-17 that Adobe’s Q3 earnings exceeded Wall Street’s expectations. Its sales are steadying, its margins are expanding, and it’s rolling out new generative AI for its cloud-based services.
Is It Worth Investing in Adobe Inc. (NASDAQ: ADBE) Right Now?
The price-to-earnings ratio for Adobe Inc. (NASDAQ: ADBE) is 47.62x, which is above its average ratio. Moreover, the 36-month beta value for ADBE is 1.33. Analysts have varying opinions on the stock, with 20 analysts rating it as a “buy,” 3 as “overweight,” 14 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Adobe Inc. (ADBE) is $597.33, which is $75.92 above the current market price. The public float for ADBE is 454.42M and currently, short sellers hold a 0.93% of that float. On September 18, 2023, ADBE’s average trading volume was 3.08M shares.
ADBE’s Market Performance
ADBE’s stock has seen a -5.62% decrease for the week, with a 2.80% rise in the past month and a 7.74% gain in the past quarter. The volatility ratio for the week is 2.43%, and the volatility levels for the past 30 days are at 2.47% for Adobe Inc. The simple moving average for the past 20 days is -2.30% for ADBE’s stock, with a 28.35% simple moving average for the past 200 days.
Analysts’ Opinion of ADBE
Many brokerage firms have already submitted their reports for ADBE stocks, with Mizuho repeating the rating for ADBE by listing it as a “Buy.” The predicted price for ADBE in the upcoming period, according to Mizuho is $630 based on the research report published on September 08, 2023 of the current year 2023.
ADBE Trading at 0.25% 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 -7.25% of loss for the given period.
Volatility was left at 2.47%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares surge +3.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.89% upper at present.
During the last 5 trading sessions, ADBE fell by -5.62%, which changed the moving average for the period of 200-days by +60.77% in comparison to the 20-day moving average, which settled at $542.18. In addition, Adobe Inc. saw 57.16% 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 Garfield Mark S., who sale 298 shares at the price of $526.74 back on Aug 04. After this action, Garfield Mark S. now owns 4,055 shares of Adobe Inc., valued at $156,969 using the latest closing price.
Belsky Scott, the EVP, CPO, Creative Cloud of Adobe Inc., sale 763 shares at $519.42 during a trade that took place back on Jul 25, which means that Belsky Scott is holding 23,012 shares at $396,317 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 33.00, with 17.50 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 12.75, 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
To wrap up, the performance of Adobe Inc. (ADBE) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
