Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Adobe Inc’s current trading price is -18.59% away from its 52-week high, while its distance from the 52-week low is 19.73%. The stock’s price range during this period has varied between $433.97 and $638.25. The company, active in the Technology sector, saw a trading volume of around 1.17 million for the day, considerably lower average daily volume of 2.63 million observed over the last three months.
Adobe Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $638.25 on 02/02/24, and the lowest price during the same period was recorded at $433.97 on 05/31/24.
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How Financial Performance Impacts Market Capitalization
Adobe Inc (ADBE) has experienced a quarterly decline of -1.71% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 230.39B and boasts a workforce of 29945 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 525.61, with a change in price of +44.48. Similarly, Adobe Inc recorded 3,042,896 in trading volume during the last 100 days, posting a change of +9.33%.
How ADBE’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ADBE stands at 0.42. Similarly, the long-term debt-to-equity ratio is also 0.31.
ADBE Stock Stochastic Average
As of today, the raw stochastic average of Adobe Inc over the past 50 days is 23.99%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 17.92%. Additionally, the Stochastic %K and %D values for the company were 21.95% and 22.62%, respectively, over the past 20 days.
ADBE Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -12.91%.However, over the last six months, we can see a weaker performance of 2.37%. Over the last 30 days, the price of ADBE has leaped by -7.12%. And in the last five days, it has surged by 2.26%.
