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In the latest session, Adobe Inc (NASDAQ: ADBE) closed at $422.63 down -1.98% from its previous closing price of $431.18. In other words, the price has decreased by -$1.98 from its previous closing price. On the day, 4.16 million shares were traded. ADBE stock price reached its highest trading level at $435.17 during the session, while it also had its lowest trading level at $420.51.
Ratios:
For a deeper understanding of Adobe Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.40. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.32.
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 the company, TD Cowen on December 12, 2024, Downgraded its rating to Hold and sets its target price to $550 from $625 previously.
On December 06, 2024, BMO Capital Markets reiterated its Outperform rating and also lowered its target price recommendation from $580 to $600.
Oppenheimer reiterated its Outperform rating for the stock on September 04, 2024, while the target price for the stock was revised from $580 to $625.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 06 ’24 when Banse Amy sold 606 shares for $550.00 per share. The transaction valued at 333,300 led to the insider holds 32,929 shares of the business.
AMY BANSE bought 606 shares of ADBE for $326,161 on Dec 06 ’24. On Nov 26 ’24, another insider, Rao Dana, who serves as the Officer of the company, bought 8,671 shares for $522.05 each.
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 186041729024 and an Enterprise Value of 240642179072. As of this moment, Adobe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.08, and their Forward P/E ratio for the next fiscal year is 18.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.65 while its Price-to-Book (P/B) ratio in mrq is 12.93. Its current Enterprise Value per Revenue stands at 11.488 whereas that against EBITDA is 29.585.
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 $425.32. The 50-Day Moving Average of the stock is -13.56%, while the 200-Day Moving Average is calculated to be -16.76%.
Shares Statistics:
For the past three months, ADBE has traded an average of 3.54M shares per day and 3663900 over the past ten days. A total of 440.20M shares are outstanding, with a floating share count of 438.40M. Insiders hold about 0.41% of the company’s shares, while institutions hold 83.00% stake in the company. Shares short for ADBE as of 1732838400 were 5895669 with a Short Ratio of 1.93, compared to 1730332800 on 6456152. Therefore, it implies a Short% of Shares Outstanding of 5895669 and a Short% of Float of 1.34000005.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.12.
