The stock of Adobe Inc (NASDAQ: ADBE) has increased by 1.54 when compared to last closing price of 499.52. Despite this, the company has experienced a -1.29% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-25 that Among publicly traded securities, so-called socially responsible stocks may be one of the most controversial categories. Basically, an underlying assumption exists that if you support sustainable policies, you sacrifice profitability.
Is It Worth Investing in Adobe Inc (NASDAQ: ADBE) Right Now?
Adobe Inc (NASDAQ: ADBE) has a price-to-earnings ratio of 48.45x that is above its average ratio. Additionally, the 36-month beta value for ADBE is 1.28. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 11 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ADBE is 449.48M and currently, short sellers hold a 1.20% ratio of that float. The average trading volume of ADBE on March 26, 2024 was 3.54M shares.
ADBE’s Market Performance
ADBE stock saw a decrease of -1.29% in the past week, with a monthly decline of -8.35% and a quarterly a decrease of -15.48%. The volatility ratio for the week is 2.68%, and the volatility levels for the last 30 days are 2.63% for Adobe Inc (ADBE). The simple moving average for the past 20 days is -6.94% for ADBE’s stock, with a -8.12% simple moving average for the past 200 days.
Analysts’ Opinion of ADBE
Many brokerage firms have already submitted their reports for ADBE stocks, with KeyBanc Capital Markets repeating the rating for ADBE by listing it as a “Underweight.” The predicted price for ADBE in the upcoming period, according to KeyBanc Capital Markets is $445 based on the research report published on March 21, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see ADBE reach a price target of $499. The rating they have provided for ADBE stocks is “Underperform” according to the report published on January 18th, 2024.
ADBE Trading at -12.24% 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 -20.53% of loss for the given period.
Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares sank -9.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.11% lower at present.
During the last 5 trading sessions, ADBE fell by -1.29%, which changed the moving average for the period of 200-days by +21.25% in comparison to the 20-day moving average, which settled at $542.37. In addition, Adobe Inc saw -14.98% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ADBE starting from Garfield Mark S., who sale 263 shares at the price of $496.68 back on Mar 18 ’24. After this action, Garfield Mark S. now owns 4,073 shares of Adobe Inc, valued at $130,627 using the latest closing price.
Belsky Scott, the Chief Strategy Officer & EVP of Adobe Inc, sale 864 shares at $615.42 during a trade that took place back on Jan 25 ’24, which means that Belsky Scott is holding 22,644 shares at $531,723 based on the most recent closing price.
Stock Fundamentals for ADBE
Current profitability levels for the company are sitting at:
- 0.34 for the present operating margin
- 0.88 for the gross margin
The net margin for Adobe Inc stands at 0.28. The total capital return value is set at 0.31. Equity return is now at value 32.37, with 17.33 for asset returns.
Based on Adobe Inc (ADBE), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 1.79. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 58.85.
Currently, EBITDA for the company is 7.77 billion with net debt to EBITDA at -0.39. When we switch over and look at the enterprise to sales, we see a ratio of 11.65. The receivables turnover for the company is 8.73for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
In conclusion, Adobe Inc (ADBE) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
