Adobe Inc (NASDAQ: ADBE) kicked off on Friday, up 0.99% from the previous trading day, before settling in for the closing price of $478.08. Over the past 52 weeks, ADBE has traded in a range of $433.97-$638.25.
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Technology Sector giant saw their annual sales surged by 16.75% over the last five years. While this was happening, its average annual earnings per share was recorded 13.68%. With a float of $438.40 million, this company’s outstanding shares have now reached $455.00 million.
The firm has a total of 29945 workers. Let’s measure their productivity. 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
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Adobe Inc is 0.41%, while institutional ownership is 84.83%. The most recent insider transaction that took place on Oct 29 ’24, was worth 327,987. In this transaction SVP & CAO of this company sold 676 shares at a rate of $484.97, taking the stock ownership to the 2,715 shares. Before that another transaction happened on Oct 30 ’24, when Company’s Officer proposed sale 4,013 for $491.10, making the entire transaction worth $1,970,765.
Adobe Inc (ADBE) Earnings and Forecasts
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
Take a look at Adobe Inc’s (ADBE) current performance indicators. Last quarter, 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 10.25. Likewise, its price to free cash flow for the trailing twelve months is 32.77.
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)
Analysing the last 5-days average volume posted by the [Adobe Inc, ADBE], we can find that recorded value of 2.59 million was lower than the volume posted last year of 3.18 million. As of the previous 9 days, the stock’s Stochastic %D was 24.08%. Additionally, its Average True Range was 10.46.
During the past 100 days, Adobe Inc’s (ADBE) raw stochastic average was set at 21.82%, which indicates a significant increase from 18.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.27% in the past 14 days, which was lower than the 34.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $521.85, while its 200-day Moving Average is $527.07. Now, the first resistance to watch is $486.96. This is followed by the second major resistance level at $491.11. The third major resistance level sits at $497.07. If the price goes on to break the first support level at $476.85, it is likely to go to the next support level at $470.89. Should the price break the second support level, the third support level stands at $466.74.
Adobe Inc (NASDAQ: ADBE) Key Stats
The company with the Market Capitalisation of 214.63 billion has total of 440,200K Shares Outstanding. Its annual sales at the moment are 19,409 M in contrast with the sum of 5,428 M annual income. Company’s last quarter sales were recorded 5,408 M and last quarter income was 1,684 M.
