Adobe Inc. [NASDAQ: ADBE] stock went on an upward path that rose over 7.19% on Thursday, amounting to a one-week price increase of more than 8.78%. The company report on May 23, 2023 at 7:00 AM that Adobe Unveils Future of Creative Cloud With Generative AI as a Creative Co-Pilot in Photoshop.
Firefly, Adobe’s family of creative generative AI models, now supports Generative Fill, allowing users to extend images and add and remove objects.
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Adobe has integrated Firefly directly into Photoshop, marrying the speed and ease of generative AI with the power and precision of Photoshop.
Over the last 12 months, ADBE stock dropped by -1.59%. The one-year Adobe Inc. stock forecast points to a potential upside of 1.64. The average equity rating for ADBE stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $174.60 billion, with 459.00 million shares outstanding and 457.38 million shares in the current float. Compared to the average trading volume of 3.05M shares, ADBE stock reached a trading volume of 6946918 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $398.60 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.
The Average True Range (ATR) for Adobe Inc. is set at 10.56, with the Price to Sales ratio for ADBE stock in the period of the last 12 months amounting to 9.70. The Price to Book ratio for the last quarter was 12.67, with the Price to Cash per share for the same quarter was set at 12.69. Price to Free Cash Flow for ADBE in the course of the last twelve months was 23.86 with Quick ratio for the last quarter at 1.10.
ADBE Stock Performance Analysis:
Adobe Inc. [ADBE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.78. With this latest performance, ADBE shares gained by 7.99% in over the last four-week period, additionally plugging by 18.49% over the last 6 months – not to mention a drop of -1.59% 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 66.52, with the RSI for the last a single of trading hit 73.66, and the three-weeks RSI is set at 62.12 for Adobe Inc. [ADBE]. The present Moving Average for the last 50 days of trading for this stock 367.25, while it was recorded at 374.31 for the last single week of trading, and 348.00 for the last 200 days.
Insight into Adobe Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Adobe Inc. [ADBE] shares currently have an operating margin of +33.98 and a Gross Margin at +86.61. Adobe Inc.’s Net Margin is presently recorded at +27.29.
Return on Total Capital for ADBE is now 31.04, given the latest momentum, and Return on Invested Capital for the company is 25.39. Return on Equity for this stock inclined to 32.97, with Return on Assets sitting at 17.48. When it comes to the capital structure of this company, Adobe Inc. [ADBE] has a Total Debt to Total Equity ratio set at 32.97. Additionally, ADBE Total Debt to Total Capital is recorded at 24.80, with Total Debt to Total Assets ending up at 17.06. Long-Term Debt to Equity for the company is recorded at 28.80, with the Long-Term Debt to Total Capital now at 21.65.
Reflecting on the efficiency of the workforce at the company, Adobe Inc. [ADBE] managed to generate an average of $162,659 per employee. Receivables Turnover for the company is 8.63 with a Total Asset Turnover recorded at a value of 0.64.Adobe Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
ADBE Stock EPS
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 13.98%.