Adobe Inc (ADBE) Stock: Analyzing the Market Value

Adobe Inc (NASDAQ: ADBE) has a higher price-to-earnings ratio of 47.74x compared to its average ratio, The 36-month beta value for ADBE is at 1.27. Analysts have varying views on the stock, with 14 analysts rating it as a “buy,” 11 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”

The public float for ADBE is 444.96M, and currently, shorts hold a 1.15% of that float. The average trading volume for ADBE on April 02, 2024 was 3.66M shares.

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ADBE) stock’s latest price update

The stock price of Adobe Inc (NASDAQ: ADBE) has dropped by -0.47 compared to previous close of 502.09. Despite this, the company has seen a fall of -1.48% in its stock price over the last five trading days. InvestorPlace reported 2024-04-01 that Artificial intelligence companies have become a huge investment trend in today’s stock market. Arguably, AI has already overshadowed some other recent cycles such as SPACs and blockchains.

ADBE’s Market Performance

Adobe Inc (ADBE) has seen a -1.48% fall in stock performance for the week, with a -12.47% decline in the past month and a -16.24% plunge in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are at 2.62% for ADBE. The simple moving average for the past 20 days is -5.98% for ADBE’s stock, with a -9.69% 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 -12.15% 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 -21.70% of loss for the given period.

Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares sank -12.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.05% lower at present.

During the last 5 trading sessions, ADBE fell by -2.41%, which changed the moving average for the period of 200-days by +3.23% in comparison to the 20-day moving average, which settled at $527.88. In addition, Adobe Inc saw -16.24% 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 11.47. 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 had a bad 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.

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