Adobe Inc (NASDAQ: ADBE) has a higher price-to-earnings ratio of 40.99x compared to its average ratio. ADBE has 36-month beta value of 1.29. Analysts have mixed views on the stock, with 14 analysts rating it as a “buy,” 11 as “overweight,” 6 as “hold,” and 0 as “sell.”
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 30, 2024 was 2.65M shares.
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ADBE) stock’s latest price update
The stock of Adobe Inc (NASDAQ: ADBE) has increased by 0.90 when compared to last closing price of 481.04.Despite this, the company has seen a loss of -1.57% in its stock price over the last five trading days. zacks.com reported 2024-10-29 that Adobe Systems (ADBE) closed the most recent trading day at $485.39, moving +0.9% from the previous trading session.
ADBE’s Market Performance
Adobe Inc (ADBE) has seen a -1.57% fall in stock performance for the week, with a -6.26% decline in the past month and a -12.01% plunge in the past quarter. The volatility ratio for the week is 1.70%, and the volatility levels for the past 30 days are at 2.08% for ADBE.. The simple moving average for the past 20 days is -2.08% for ADBE’s stock, with a -8.20% simple moving average for the past 200 days.
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 -7.83% 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 -23.95% of loss for the given period.
Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 1.70%, as shares sank -3.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.80% lower at present.
During the last 5 trading sessions, ADBE fell by -1.57%, which changed the moving average for the period of 200-days by -18.63% in comparison to the 20-day moving average, which settled at $495.71. In addition, Adobe Inc saw -18.64% 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 Forusz Jillian, who proposed sale 676 shares at the price of $484.97 back on Oct 29 ’24. After this action, Forusz Jillian now owns shares of Adobe Inc, valued at $327,843 using the latest closing price.
Belsky Scott, the Chief Strategy Officer & EVP of Adobe Inc, sale 481 shares at $483.42 during a trade that took place back on Oct 25 ’24, which means that Belsky Scott is holding 18,128 shares at $232,525 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 10.15. 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
To put it simply, Adobe Inc (ADBE) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
