Adobe Inc (NASDAQ: ADBE) kicked off on Monday, down -0.10% from the previous trading day, before settling in for the closing price of $447.17. Over the past 52 weeks, ADBE has traded in a range of $432.47-$638.25.
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During the last 5-year period, the sales growth of Technology Sector giant was 14.17%. While this was happening, its average annual earnings per share was recorded 10.91%. With a float of $438.40 million, this company’s outstanding shares have now reached $440.20 million.
Let’s determine the extent of company efficiency that accounts for 29945 employees. In terms of profitability, gross margin is 88.64%, operating margin of 36.0%, and the pretax margin is 32.23%.
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 83.08%. The most recent insider transaction that took place on Dec 06 ’24, was worth 333,300. In this transaction Director of this company sold 606 shares at a rate of $550.00, taking the stock ownership to the 32,929 shares. Before that another transaction happened on Dec 06 ’24, when Company’s Director proposed sale 606 for $538.22, making the entire transaction worth $326,161.
Adobe Inc (ADBE) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 5.0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.91% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to 15.54% 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 9.14. Likewise, its price to free cash flow for the trailing twelve months is 30.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 12.40, a number that is poised to hit 4.97 in the next quarter and is forecasted to reach 23.08 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 6.5 million, which is a jump from its year-to-date volume of 3.31 million. As of the previous 9 days, the stock’s Stochastic %D was 8.12%. Additionally, its Average True Range was 15.75.
During the past 100 days, Adobe Inc’s (ADBE) raw stochastic average was set at 9.19%, which indicates a significant decrease from 11.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.34% in the past 14 days, which was higher than the 37.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $499.14, while its 200-day Moving Average is $512.13. However, in the short run, Adobe Inc’s stock first resistance to watch stands at $450.97. Second resistance stands at $455.21. The third major resistance level sits at $458.98. If the price goes on to break the first support level at $442.96, it is likely to go to the next support level at $439.19. Should the price break the second support level, the third support level stands at $434.95.
Adobe Inc (NASDAQ: ADBE) Key Stats
The company with the Market Capitalisation of 196.65 billion has total of 440,200K Shares Outstanding. Its annual sales at the moment are 21,505 M in contrast with the sum of 5,560 M annual income. Company’s last quarter sales were recorded 5,606 M and last quarter income was 1,683 M.
