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In the latest session, Adobe Inc (NASDAQ: ADBE) closed at $499.50 down -0.02% from its previous closing price of $499.61. In other words, the price has decreased by -$0.02 from its previous closing price. On the day, 1.87 million shares were traded. ADBE stock price reached its highest trading level at $506.36 during the session, while it also had its lowest trading level at $494.63.
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 29.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 1.11. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.31.
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, Oppenheimer on September 04, 2024, Reiterated its Outperform rating but revised its target price to $625 from $580 previously.
On June 14, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $570 to $580.
Melius Downgraded its Buy to Hold on June 10, 2024, while the target price for the stock was maintained at $510.
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 Oct 29 ’24 when Forusz Jillian sold 676 shares for $484.97 per share. The transaction valued at 327,987 led to the insider holds 2,715 shares of the business.
Rao Dana bought 4,013 shares of ADBE for $1,970,765 on Oct 30 ’24. On Oct 29 ’24, another insider, Forusz Jillian, who serves as the Officer of the company, bought 676 shares for $484.97 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 219879899136 and an Enterprise Value of 218442907648. As of this moment, Adobe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.19, and their Forward P/E ratio for the next fiscal year is 24.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.50 while its Price-to-Book (P/B) ratio in mrq is 15.28. Its current Enterprise Value per Revenue stands at 10.428 whereas that against EBITDA is 26.856.
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 $433.97. The 50-Day Moving Average of the stock is -1.14%, while the 200-Day Moving Average is calculated to be -3.89%.
Shares Statistics:
For the past three months, ADBE has traded an average of 2.84M shares per day and 3043520 over the past ten days. A total of 455.00M shares are outstanding, with a floating share count of 438.40M. Insiders hold about 0.41% of the company’s shares, while institutions hold 82.99% stake in the company. Shares short for ADBE as of 1730332800 were 6456152 with a Short Ratio of 2.27, compared to 1727654400 on 6496793. Therefore, it implies a Short% of Shares Outstanding of 6456152 and a Short% of Float of 1.47.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.12.
