Adobe Inc (NASDAQ: ADBE) on Friday, soared 1.53% from the previous trading day, before settling in for the closing price of $504.44. Within the past 52 weeks, ADBE’s price has moved between $433.97 and $638.25.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 16.75%. The company achieved an average annual earnings per share of 13.69%. With a float of $438.40 million, this company’s outstanding shares have now reached $455.00 million.
Considering the fact that the conglomerate employs 29945 people, you should pay attention to its efficiency factor. 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
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Adobe Inc is 0.41%, while institutional ownership is 82.99%. 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
As on 8/31/2024, Multinational firm has announced its last quarter scores, in which it reported 4.27 earnings per share (EPS) for the period topping the consensus outlook (set at 4.14) by 0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.94 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.69% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.00% during the next five years compared to 17.86% growth over the previous five years of trading.
Adobe Inc (NASDAQ: ADBE) Trading Performance Indicators
Adobe Inc (ADBE) is currently performing well based on its current performance indicators. A quick ratio of 1.11 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.93. Likewise, its price to free cash flow for the trailing twelve months is 34.95.
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 20.53 in one year’s time.
Technical Analysis of Adobe Inc (ADBE)
Compared to the last year’s volume of 3.15 million, its volume of 2.08 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 25.88%. Additionally, its Average True Range was 12.92.
During the past 100 days, Adobe Inc’s (ADBE) raw stochastic average was set at 32.92%, which indicates a significant decrease from 53.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.88% in the past 14 days, which was higher than the 28.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $503.13, while its 200-day Moving Average is $518.65. Nevertheless, the first resistance level for the watch stands at $516.18 in the near term. At $520.21, the stock is likely to face the second major resistance level. The third major resistance level sits at $527.05. If the price goes on to break the first support level at $505.31, it is likely to go to the next support level at $498.47. Should the price break the second support level, the third support level stands at $494.44.
Adobe Inc (NASDAQ: ADBE) Key Stats
Market capitalization of the company is 228.89 billion based on 440,200K outstanding shares. Right now, sales total 19,409 M and income totals 5,428 M. The company made 5,408 M in profit during its latest quarter, and 1,684 M in sales during its previous quarter.
