Adobe Inc (NASDAQ: ADBE) closed the day trading at $504.40 down -0.63% from the previous closing price of $507.60. In other words, the price has decreased by -$3.20 from its previous closing price. On the day, 4226258 shares were traded.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Ratios:
For a better understanding of ADBE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.19. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.05. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.16.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, KeyBanc Capital Markets on March 21, 2024, initiated with a Underweight rating and assigned the stock a target price of $445.
On January 18, 2024, Exane BNP Paribas Downgraded its rating to Underperform which previously was Neutral but kept the price unchanged to $499.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 18 ’24 when Garfield Mark S. sold 263 shares for $496.68 per share. The transaction valued at 130,627 led to the insider holds 4,073 shares of the business.
Belsky Scott sold 864 shares of ADBE for $531,723 on Jan 25 ’24. The Chief Strategy Officer & EVP now owns 22,644 shares after completing the transaction at $615.42 per share. On Jan 25 ’24, another insider, Garfield Mark S., who serves as the SVP & CAO of the company, sold 788 shares for $615.42 each. As a result, the insider received 484,951 and left with 4,055 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ADBE now has a Market Capitalization of 226.11B and an Enterprise Value of 223.37B. As of this moment, Adobe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 48.18, and their Forward P/E ratio for the next fiscal year is 24.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.46 while its Price-to-Book (P/B) ratio in mrq is 13.89. Its current Enterprise Value per Revenue stands at 11.20 whereas that against EBITDA is 31.25.
Stock Price History:
Over the past 52 weeks, ADBE has reached a high of $638.25, while it has fallen to a 52-week low of $331.89. The 50-Day Moving Average of the stock is 572.54, while the 200-Day Moving Average is calculated to be 553.08.
Shares Statistics:
Over the past 3-months, ADBE traded about 3.57M shares per day on average, while over the past 10 days, ADBE traded about 6.58M shares per day. A total of 455.00M shares are outstanding, with a floating share count of 449.48M. Insiders hold about 0.68% of the company’s shares, while institutions hold 83.57% stake in the company. Shares short for ADBE as of Feb 29, 2024 were 5.4M with a Short Ratio of 1.44, compared to 5.3M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.19% and a Short% of Float of 1.20%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.12.
Earnings Estimates
Current recommendations for the stock of the company come from 26 analysts. On average, analysts expect EPS of $4.39 for the current quarter, with a high estimate of $4.55 and a low estimate of $4.35, while EPS last year was $3.91. The consensus estimate for the next quarter is $4.48, with high estimates of $4.78 and low estimates of $4.39.
Analysts are recommending an EPS of between $18.83 and $17.77 for the fiscal current year, implying an average EPS of $18.04. EPS for the following year is $20.37, with 29 analysts recommending between $21.91 and $19.74.
Revenue Estimates
A total of 33 analysts have provided revenue estimates for ADBE’s current fiscal year. The highest revenue estimate was $21.75B, while the lowest revenue estimate was $21.35B, resulting in an average revenue estimate of $21.46B. In the same quarter a year ago, actual revenue was $17.89B, up 20.00% from the average estimate. Based on 33 analysts’ estimates, the company’s revenue will be $23.92B in the next fiscal year. The high estimate is $24.74B and the low estimate is $23.51B. The average revenue growth estimate for next year is up 11.50% from the average revenue estimate for this year.
