With 3.28 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.63 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $521.355 whereas the lowest price it dropped to was $512.11. The 52-week range on ADBE shows that it touched its highest point at $638.25 and its lowest point at $433.97 during that stretch. It currently has a 1-year price target of $614.56. Beta for the stock currently stands at 1.29.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ADBE was down-trending over the past week, with a drop of -2.10%, but this was down by -9.24% over a month. Three-month performance dropped to -5.74% while six-month performance rose 2.18%. The stock gained 1.79% in the past year, while it has lost -13.61% so far this year. A look at the trailing 12-month EPS for ADBE yields 11.84 with Next year EPS estimates of 20.53. For the next quarter, that number is 4.66. This implies an EPS growth rate of 13.67% for this year and 12.38% for next year. EPS is expected to grow by 13.92% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 17.86%.
Float and Shares Shorts:
At present, 455.00 million ADBE shares are outstanding with a float of 441.57 million shares on hand for trading. On 2024-09-13, short shares totaled 6.07 million, which was 137.0 higher than short shares on 1723680000. In addition to Mr. Shantanu Narayen as the firm’s Chairman & CEO, Mr. Daniel J. Durn serves as its CFO and Executive VP of Finance, Technology Services & Operations.
Institutional Ownership:
Through their ownership of 0.86736 of ADBE’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-08-30, ADBE reported revenue of $5408000000.0 and operating income of $1992000000.0. The EBITDA in the recently reported quarter was $2294000000.0 and diluted EPS was $3.76.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ADBE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
