As on Wednesday, Adobe Inc (NASDAQ: ADBE) got off with the flyer as it spiked 3.78% to $504.83, before settling in for the price of $486.42 at the close. Taking a more long-term approach, ADBE posted a 52-week range of $433.97-$638.25.
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In the past 5-years timespan, the Technology sector firm’s annual sales growth was 16.75%. Meanwhile, its Annual Earning per share during the time was 17.86%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 13.68%. This publicly-traded company’s shares outstanding now amounts to $455.00 million, simultaneously with a float of $438.40 million. The organization now has a market capitalization sitting at $222.23 billion. At the time of writing, stock’s 50-day Moving Average stood at $517.59, while the 200-day Moving Average is $525.37.
Adobe Inc (ADBE) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Software – Infrastructure industry. Adobe Inc’s current insider ownership accounts for 0.41%, in contrast to 84.70% institutional ownership. According to the most recent insider trade that took place on Oct 29 ’24, this organization’s SVP & CAO sold 676 shares at the rate of 484.97, making the entire transaction reach 327,987 in total value, affecting insider ownership by 2,715.
Adobe Inc (ADBE) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.95 per share during the current fiscal year.
Adobe Inc’s EPS increase for this current 12-month fiscal period is 13.68% and is forecasted to reach 20.53 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 16.00% through the next 5 years, which can be compared against the 17.86% growth it accomplished over the previous five years trading on the market.
Adobe Inc (NASDAQ: ADBE) Trading Performance Indicators
Let’s observe the current performance indicators for Adobe Inc (ADBE). It’s Quick Ratio in the last reported quarter now stands at 1.11. The Stock has managed to achieve an average true range (ATR) of 10.59. Alongside those numbers, its PE Ratio stands at $42.64, and its Beta score is 1.29. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 10.61. Similarly, its price to free cash flow for trailing twelve months is now 33.93.
In the same vein, ADBE’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 11.84, a figure that is expected to reach 4.67 in the next quarter, and analysts are predicting that it will be 20.53 at the market close of one year from today.
Technical Analysis of Adobe Inc (ADBE)
Through scrutinizing the latest numbers posted by the [Adobe Inc, ADBE], it can be observed that its last 5-days Average volume of 2.47 million was lower the volume of 3.16 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 65.14% While, its Average True Range was 10.23.
Raw Stochastic average of Adobe Inc (ADBE) in the period of the previous 100 days is set at 26.42%, which indicates a major fall in contrast to 95.57% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 20.96% that was lower than 27.63% volatility it exhibited in the past 100-days period.
