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 -42.45% away from its 52-week high, while its distance from the 52-week low is 1.89%. The stock’s price range during this period has varied between $332.01 and $587.75. The company, active in the Technology sector, saw a trading volume of around 4.65 million for the day, considerably higher average daily volume of 3.67 million observed over the last three months.
Adobe Inc (ADBE) current stock price is $338.27. During the last trading session, the stock soared, reaching $605.0 after opening at $338.27. The stock’s lowest point was $280.0 before it closed at $345.62.
In terms of market performance, Adobe Inc had a somewhat inconsistent run in.
How Financial Performance Impacts Market Capitalization
Adobe Inc (ADBE) has experienced a quarterly decline of -12.13% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 143.49B and boasts a workforce of 30709 employees.
Decoding Analysts’ Ratings for Adobe Inc
As of right now, 21 analysts are rating Adobe Inc as a BUY, 6 of the polled analysts branded the stock as an OVERWEIGHT, 11 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 analysts are rating the stock as SELL.
The Role of Moving Averages and Trading Volume in Technical Analysis
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 0.57. Similarly, the long-term debt-to-equity ratio is also 0.57.
ADBE Stock Stochastic Average
As of today, the raw stochastic average of Adobe Inc over the last 50 days is at 83.26%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 87.44%. Further, the company’s Stochastic %K and %D values for the last 20 days were 50.88% and 30.13%, respectively.
ADBE Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Until today this year the stock’s price performance recorded a decrease of -33.58%. However, over the last six months, the performance has been stronger by -22.70%. The price of ADBE decreased -9.40% over the last 30 days. And in the last five days, it has fallen by -5.43%.
