Adobe Inc (NASDAQ: ADBE) on Friday, plunged -3.26% from the previous trading day, before settling in for the closing price of $419.58. Within the past 52 weeks, ADBE’s price has moved between $415.51 and $638.25.
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During the last 5-year period, the sales growth of Technology Sector giant was 14.17%. The company achieved an average annual earnings per share of 10.89%. 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) Breakdown of a Key Holders of the stock
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 83.02%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 10.89% 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
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 8.31. Likewise, its price to free cash flow for the trailing twelve months is 27.28.
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 23.07 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 4.57 million, which is a jump from its year-to-date volume of 4.23 million. As of the previous 9 days, the stock’s Stochastic %D was 7.81%. Additionally, its Average True Range was 12.66.
During the past 100 days, Adobe Inc’s (ADBE) raw stochastic average was set at 0.33%, which indicates a significant decrease from 1.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.31% in the past 14 days, which was lower than the 36.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $486.15, while its 200-day Moving Average is $506.82. However, in the short run, Adobe Inc’s stock first resistance to watch stands at $410.91. Second resistance stands at $415.89. The third major resistance level sits at $418.69. If the price goes on to break the first support level at $403.13, it is likely to go to the next support level at $400.33. Now, if the price goes above the second support level, the third support stands at $395.35.
Adobe Inc (NASDAQ: ADBE) Key Stats
Market capitalization of the company is 178.69 billion based on 440,200K outstanding shares. Right now, sales total 21,505 M and income totals 5,560 M. The company made 5,606 M in profit during its latest quarter, and 1,683 M in sales during its previous quarter.
