Adobe Inc. [ADBE] is following upward trend in the market concluded with the last trading session. The shares of the Technology sector company has a current value of $351.76 after ADBE shares went up by 0.49% during the last trading session. One of the reasons why Technology stocks may go bullish is increased momentum in the press.
Adobe Inc. [NASDAQ:ADBE]: Analyst Rating and Earnings
Its stock price has been found in the range of 237.27 to 354.28. This is compared to its latest closing price of $350.06.
Keep your eyes peeled for the next scheduled financial results to be made public for this company, which are scheduled to be released on Thu 12 Mar (In 49 Days).
Fundamental Analysis of Adobe Inc. [ADBE]
Now let’s turn to look at profitability: with a current Operating Margin for Adobe Inc. [ADBE] sitting at +29.25 and its Gross Margin at +85.03, this company’s Net Margin is now 23.70%. These measurements indicate that Adobe Inc. [ADBE] is generating considerably more profit, after expenses are accounted for, compared to its market peers.
This company’s Return on Total Capital is 23.21, and its Return on Invested Capital has reached 20.90%. Its Return on Equity is 29.67, and its Return on Assets is 14.74. These metrics all suggest that Adobe Inc. is doing well at using the money it earns to generate returns.
Turning to investigate this organization’s capital structure, Adobe Inc. [ADBE] has generated a Total Debt to Total Equity ratio of 39.30. Similarly, its Total Debt to Total Capital is 28.21, while its Total Debt to Total Assets stands at 19.93. Looking toward the future, this publicly-traded company’s Long-Term Debt to Equity is 20.79, and its Long-Term Debt to Total Capital is 9.39.
What about valuation? This company’s Enterprise Value to EBITDA is 40.50. The Enterprise Value to Sales for this firm is now 14.43, and its Total Debt to Enterprise Value stands at 0.03.
Similarly, this company’s Receivables Turnover is 7.84 and its Total Asset Turnover is 0.56. This publicly-traded organization’s liquidity data is also interesting: its Current Ratio is 0.79.
Adobe Inc. [ADBE] has 485.85M shares outstanding, amounting to a total market cap of $170.90B. Its stock price has been found in the range of 237.27 to 354.28. At its current price, it has moved down by -0.71% from its 52-week high, and it has moved up 48.25% from its 52-week low.
This stock’s Beta value is currently 1.09, which indicates that it is 1.28% more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 80.37. This RSI suggests that Adobe Inc. is currently Overbought.
Conclusion: Is Adobe Inc. [ADBE] a Reliable Buy?
Shares of Adobe Inc. [ADBE], overall, appear to be a solid investment option, with Wall Street analysts expecting its price to rise considerably in the next 12 months. This company generates high value from the labor resources and other capital it has available, and while it has heavy Long-Term Debt to Equity, the majority of the metrics point to this investment being highly attractive.