Stock Performance Spotlight: Adobe Inc (ADBE) Ends the Day at 522.95, Up by 0.13

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As of close of business last night, Adobe Inc’s stock clocked out at $522.95, up 0.13% from its previous closing price of $522.25. In other words, the price has increased by $0.13 from its previous closing price. On the day, 5.75 million shares were traded. ADBE stock price reached its highest trading level at $533.23 during the session, while it also had its lowest trading level at $520.4004.

Ratios:

To gain a deeper understanding of ADBE’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 29.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.12. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.16. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.30.

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, JP Morgan on June 14, 2024, Upgraded its rating to Overweight and sets its target price to $580 from $570 previously.

On June 10, 2024, Melius Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $510.

On March 21, 2024, KeyBanc Capital Markets started tracking the stock assigning a Underweight rating and target price of $445.KeyBanc Capital Markets initiated its Underweight rating on March 21, 2024, with a $445 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 17 ’24 when Rao Dana sold 6,765 shares for $525.51 per share. The transaction valued at 3,555,075 led to the insider holds 17,540 shares of the business.

Garfield Mark S. sold 264 shares of ADBE for $138,735 on Jun 17 ’24. The SVP & CAO now owns 2,740 shares after completing the transaction at $525.51 per share. On Jun 03 ’24, another insider, Garfield Mark S., who serves as the SVP & CAO of the company, sold 594 shares for $447.58 each. As a result, the insider received 265,644 and left with 2,740 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 234281598976 and an Enterprise Value of 232829550592. As of this moment, Adobe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.96, and their Forward P/E ratio for the next fiscal year is 25.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.47 while its Price-to-Book (P/B) ratio in mrq is 15.32. Its current Enterprise Value per Revenue stands at 11.397 whereas that against EBITDA is 29.683.

Stock Price History:

The Beta on a monthly basis for ADBE is 1.29, which has changed by 0.0788703 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. 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 9.80%, while the 200-Day Moving Average is calculated to be -3.86%.

Shares Statistics:

It appears that ADBE traded 3.54M shares on average per day over the past three months and 5604710 shares per day over the past ten days. A total of 455.00M shares are outstanding, with a floating share count of 446.09M. Insiders hold about 0.43% of the company’s shares, while institutions hold 84.22% stake in the company. Shares short for ADBE as of 1715731200 were 8007830 with a Short Ratio of 2.00, compared to 1713139200 on 7193329. Therefore, it implies a Short% of Shares Outstanding of 8007830 and a Short% of Float of 1.79.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 0.12. The current Payout Ratio is 0.00% for ADBE, which recently paid a dividend on 2005-03-24 with an ex-dividend date of 1111622400. Stock splits for the company last occurred on 2005-05-24 when the company split stock in a 2:1 ratio.

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