The stock of Adobe Inc (ADBE) has seen a -1.91% decrease in the past week, with a -9.10% drop in the past month, and a -7.54% decrease in the past quarter. The volatility ratio for the week is 1.51%, and the volatility levels for the past 30 days are at 2.17% for ADBE. The simple moving average for the past 20 days is -4.94% for ADBE’s stock, with a -4.00% 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 price-to-earnings ratio of 43.73x that is above its average ratio. Additionally, the 36-month beta value for ADBE is 1.29. 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 438.41M and currently, short sellers hold a 1.38% ratio of that float. The average trading volume of ADBE on October 01, 2024 was 2.61M shares.
ADBE) stock’s latest price update
Adobe Inc (NASDAQ: ADBE)’s stock price has increased by 0.45 compared to its previous closing price of 515.48. However, the company has seen a -1.91% decrease in its stock price over the last five trading sessions. accesswire.com reported 2024-09-30 that NEW YORK, NY / ACCESSWIRE / September 30, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Adobe Inc. (“Adobe Inc.”) (NASDAQ:ADBE) concerning possible violations of federal securities laws. Adobe issued a press release on September 12, 2024, reporting financial results for the third quarter of its fiscal year 2024.
Analysts’ Opinion of ADBE
Many brokerage firms have already submitted their reports for ADBE stocks, with Oppenheimer repeating the rating for ADBE by listing it as a “Outperform.” The predicted price for ADBE in the upcoming period, according to Oppenheimer is $625 based on the research report published on September 04, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see ADBE reach a price target of $580, previously predicting the price at $570. The rating they have provided for ADBE stocks is “Overweight” according to the report published on June 14th, 2024.
Melius gave a rating of “Hold” to ADBE, setting the target price at $510 in the report published on June 10th of the current year.
ADBE Trading at -4.93% 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 -18.88% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares sank -9.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.03% lower at present.
During the last 5 trading sessions, ADBE fell by -1.91%, which changed the moving average for the period of 200-days by -18.29% in comparison to the 20-day moving average, which settled at $541.88. In addition, Adobe Inc saw -13.21% 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 NARAYEN SHANTANU, who sale 25,000 shares at the price of $521.58 back on Sep 25 ’24. After this action, NARAYEN SHANTANU now owns 357,700 shares of Adobe Inc, valued at $13,039,414 using the latest closing price.
Narayen Family Trust, the Officer of Adobe Inc, proposed sale 25,000 shares at $521.58 during a trade that took place back on Sep 25 ’24, which means that Narayen Family Trust is holding shares at $13,039,400 based on the most recent closing price.
Stock Fundamentals for ADBE
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 0.88 for the gross margin
The net margin for Adobe Inc stands at 0.26. The total capital return value is set at 0.37. Equity return is now at value 35.36, with 18.19 for asset returns.
Based on Adobe Inc (ADBE), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 1.11. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 51.2.
Currently, EBITDA for the company is 7.77 billion with net debt to EBITDA at -0.13. When we switch over and look at the enterprise to sales, we see a ratio of 10.83. The receivables turnover for the company is 11.62for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
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.
