A new trading day began on Friday, with Adobe Inc (NASDAQ: ADBE) stock price down -1.62% from the previous day of trading, before settling in for the closing price of $503.57. ADBE’s price has ranged from $433.97 to $638.25 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 16.75%. Meanwhile, its annual earnings per share averaged 13.68%. With a float of $438.40 million, this company’s outstanding shares have now reached $455.00 million.
Let’s determine the extent of company efficiency that accounts for 29945 employees. In terms of profitability, gross margin is 88.26%, operating margin of 35.93%, and the pretax margin is 32.21%.
Adobe Inc (ADBE) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Adobe Inc is 0.41%, while institutional ownership is 84.80%. The most recent insider transaction that took place on Sep 25 ’24, was worth 13,039,414. In this transaction Chair and CEO of this company sold 25,000 shares at a rate of $521.58, taking the stock ownership to the 357,700 shares. Before that another transaction happened on Sep 25 ’24, when Company’s Officer proposed sale 25,000 for $521.58, making the entire transaction worth $13,039,400.
Adobe Inc (ADBE) Earnings and Forecasts
In its latest quarterly report, released on 8/31/2024, the company reported earnings of 3.93 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.95 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.68% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.00% during the next five years compared to 17.86% growth over the previous five years of trading.
Adobe Inc (NASDAQ: ADBE) Trading Performance Indicators
Here are Adobe Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.41. Likewise, its price to free cash flow for the trailing twelve months is 33.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.84, a number that is poised to hit 4.67 in the next quarter and is forecasted to reach 20.54 in one year’s time.
Technical Analysis of Adobe Inc (ADBE)
Looking closely at Adobe Inc (NASDAQ: ADBE), its last 5-days average volume was 3.41 million, which is a jump from its year-to-date volume of 3.23 million. As of the previous 9 days, the stock’s Stochastic %D was 34.63%. Additionally, its Average True Range was 12.71.
During the past 100 days, Adobe Inc’s (ADBE) raw stochastic average was set at 39.96%, which indicates a significant increase from 20.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.90% in the past 14 days, which was lower than the 36.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $536.32, while its 200-day Moving Average is $534.28. However, in the short run, Adobe Inc’s stock first resistance to watch stands at $503.97. Second resistance stands at $512.51. The third major resistance level sits at $517.05. If the price goes on to break the first support level at $490.89, it is likely to go to the next support level at $486.35. Should the price break the second support level, the third support level stands at $477.81.
Adobe Inc (NASDAQ: ADBE) Key Stats
With a market capitalization of 218.08 billion, the company has a total of 443,400K Shares Outstanding. Currently, annual sales are 19,409 M while annual income is 5,428 M. The company’s previous quarter sales were 5,408 M while its latest quarter income was 1,684 M.
