Adobe Inc. [ADBE] fell -46.88% so far this year. What now?

Adobe Inc. [NASDAQ: ADBE] loss -4.68% or -14.8 points to close at $301.22 with a heavy trading volume of 3432414 shares. The company report on October 24, 2022 that Adobe To Help U.S. Bank Accelerate Personalization in Consumer Banking.

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U.S. Bank adopts Adobe Experience Platform to deliver relevant, engaging experiences online and offline.

Deeper insights from data will drive personalization at scale and in real time, while ensuring governance and controls.

It opened the trading session at $318.84, the shares rose to $318.84 and dropped to $301.09, the range by which the price of stock traded the whole day. The daily chart for ADBE points out that the company has recorded -28.85% loss over the past six months. However, it is still -9.64% lower than its most recent low trading price.

If we look at the average trading volume of 3.99M shares, ADBE reached to a volume of 3432414 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Adobe Inc. [ADBE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ADBE shares is $368.77 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ADBE stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

MoffettNathanson have made an estimate for Adobe Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 22, 2022. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $425 to $310. The new note on the price target was released on September 19, 2022, representing the official price target for Adobe Inc. stock. On September 16, 2022, analysts decreased their price target for ADBE shares from 450 to 355.

The Average True Range (ATR) for Adobe Inc. is set at 10.58, with the Price to Sales ratio for ADBE stock in the period of the last 12 months amounting to 7.97. The Price to Book ratio for the last quarter was 9.83, with the Price to Cash per share for the same quarter was set at 12.67. Price to Free Cash Flow for ADBE in the course of the last twelve months was 19.22 with Quick ratio for the last quarter at 1.10.

Trading performance analysis for ADBE stock

Adobe Inc. [ADBE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.01. With this latest performance, ADBE shares gained by 2.12% in over the last four-week period, additionally sinking by -28.85% over the last 6 months – not to mention a drop of -52.96% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ADBE stock in for the last two-week period is set at 43.96, with the RSI for the last a single of trading hit 42.06, and the three-weeks RSI is set at 43.12 for Adobe Inc. [ADBE]. The present Moving Average for the last 50 days of trading for this stock 321.97, while it was recorded at 316.01 for the last single week of trading, and 402.10 for the last 200 days.

Adobe Inc. [ADBE]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Adobe Inc. [ADBE] shares currently have an operating margin of +36.82 and a Gross Margin at +87.11. Adobe Inc.’s Net Margin is presently recorded at +30.52.

Return on Equity for this stock inclined to 34.37, with Return on Assets sitting at 18.72.

Adobe Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

Adobe Inc. [ADBE]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ADBE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Adobe Inc. go to 13.19%.

An analysis of insider ownership at Adobe Inc. [ADBE]

There are presently around $114,855 million, or 84.30% of ADBE stock, in the hands of institutional investors. The top three institutional holders of ADBE stocks are: VANGUARD GROUP INC with ownership of 39,024,018, which is approximately 1.336% of the company’s market cap and around 0.43% of the total institutional ownership; BLACKROCK INC., holding 36,790,028 shares of the stock with an approximate value of $11.08 billion in ADBE stocks shares; and STATE STREET CORP, currently with $5.59 billion in ADBE stock with ownership of nearly -2.905% of the company’s market capitalization.

Positions in Adobe Inc. stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 1,049 institutional holders increased their position in Adobe Inc. [NASDAQ:ADBE] by around 21,188,114 shares. Additionally, 1,147 investors decreased positions by around 23,313,651 shares, while 236 investors held positions by with 336,798,277 shares. The mentioned changes placed institutional holdings at 381,300,042 shares, according to the latest SEC report filing. ADBE stock had 135 new institutional investments in for a total of 4,760,846 shares, while 212 institutional investors sold positions of 1,282,342 shares during the same period.


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