Adobe Inc (NASDAQ:ADBE) currently has a daily average trading volume of 4.00M but it saw 5136113 shares traded in last market. With a market cap of 190.75B USD, the company’s current market price of $438.60 came rising about 1.14 while comparing to the previous closing price of $433.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $587.75 and as low as $403.75. In the recent trading on the day, stock has struck highest price mark of $435.5 while lowest mark touched by it was $443.9.
Taking a look at 20-day trading activity of Adobe Inc (ADBE) gives us an average price of $447.34, while its current price level is -25.38% below from 52-week high level whereas it is 8.63% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $439.56 while that of 200 days or SMA-200 reads an average of $498.24. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.41% during that period while stretching the period over a month that decreases to 2.24%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 45.48 which implies that the stock is in neutral territory.
Exane BNP Paribas upgraded its recommendation for the stock as a “Neutral” from “Underperform” on January 15, 2025 while assigning a price target of $425. Deutsche Bank issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $600 and $475.
Over the week, ADBE’s stock price is moving -2.80% down while it is -2.77% when we observe its performance for the past one month. Year-to-date it is -1.37% down and over the past year, the stock is showing a downside performance of -20.50%.
Currently, Adobe Inc’s total number of outstanding shares is 441.00M with 0.23% of that held by the insiders while 85.51% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 29.91% and return on equity (ROE) at 36.31%. It has a price to earnings ratio (P/E ratio) of 35.35 while having a 19.07 of forward P/E ratio. Stock’s beta reads 1.42. Stock has a price to book (P/B) ratio of 13.71 while price to sale or P/S ratio amounts to 8.87. Its return on asset (ROA) is 18.53% on average.
