Atlantic Equities raised the price target for the Adobe Inc. (NASDAQ:ADBE) stock from “a Neutral” to “an Overweight”. The rating was released on November 22, 2021. The research report from Deutsche Bank has initiated the stock to Buy, with a price target set at $770. The stock was initiated by Wells Fargo, who disclosed in a research note on September 20, 2021, to Overweight and set the price objective to $770. In their research brief published September 17, 2021, Mizuho analysts reiterated the Adobe Inc. stock to Buy with a price target of $695.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Adobe Inc. (NASDAQ:ADBE) dipped -1.25% to close Tuesday’s market session at $665.16, lower as compared to yesterday’s close. The stock price fluctuated between $648.61 and $667.57 throughout the trading session with the volume trading being 2479155 shares, which represented a significant variation when compared to the three months average volume of 2.08 million shares. The firm’s stock price fluctuated -0.87% within the last five trades and 2.81% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 31.20% in the last 6 months and 1.27% was added to its value over the previous 3 months. ADBE stock is trading at a margin of 1.08%, 5.58% and 17.95% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ADBE deals in the Technology domain. The stock is trading -4.91 percent below its 52-week high and 58.08 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 41.96. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Adobe Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 36.50 percent and the profit margin is 38.70 percent, and the company has reported a gross margin of 88.20 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $308.48 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Adobe Inc. (NASDAQ:ADBE) is 54.89. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 46.74. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 20.43 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 22.01, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.31 percent of Adobe Inc. shares are owned by insiders, and 85.40 percent are held by financial institutions. Rao Dana, the EVP, Gen. Counsel & Secretary at Adobe Inc. (ADBE) has sold 489 shares of firm on Oct 26 at a price of $650.91 against the total amount of $0.32 million. In another inside trade, Lewnes Ann, EVP, CMO, Corp Strategy & Dev of Adobe Inc. (NASDAQ:ADBE) sold 582 shares of the firm on Oct 26 for a total worth of $0.38 million at a price of $650.91. An inside trade which took place on Oct 25, EVP, Chief People Officer of Adobe Inc. Chen Gloria sold 42 shares of firm against total price of $27068.0 at the cost of $644.47 per share.