Adobe Inc (NASDAQ:ADBE)’s traded shares stood at 0.91 million during the latest session, with the company’s beta value hitting 1.28. At the last check today, the stock’s price was $505.00, to imply an increase of 0.12% or $0.6 in intraday trading. The ADBE share’s 52-week high remains $638.25, putting it -26.39% down since that peak but still an impressive 34.28% since price per share fell to its 52-week low of $331.89. The company has a valuation of $228.54B, with an average of 6.58 million shares in intraday trading volume over the past 10 days and average of 3.62 million shares over the past 3 months.
Adobe Inc (NASDAQ:ADBE) trade information
After registering a 0.12% upside in the latest session, Adobe Inc (ADBE) has traded red over the past five days. The stock hit a weekly high of 516.86, jumping 0.12% in its intraday price action. The 5-day price performance for the stock is -1.22%, and -8.48% over 30 days. With these gigs, the year-to-date price performance is -15.35%. Short interest in Adobe Inc (NASDAQ:ADBE) saw shorts transact 5.13 million shares and set a 1.05 days time to cover.
Adobe Inc (ADBE) estimates and forecasts
Looking at statistics comparing Adobe Inc share performance against respective industry, we note that the company has underperformed competitors. Adobe Inc (ADBE) shares are 0.48% up over the last 6 months, with its year-to-date growth rate lower than industry average at 11.70% against 13.80%. Revenue is forecast to grow 3.60% this quarter before jumping 1.20% for the next one. The rating firms project that company’s revenue will grow 10.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 26 analysts is $4.88 billion. Meanwhile, for the quarter ending Aug 2024, a total of 26 analyst(s) estimate revenue growth to $4.99 billion.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 17.86% for the past 5-year period. While 2024 is set for a 12.05% return in earnings, projections for the next 5 years are at 13.36% annually.
ADBE Dividends
Adobe Inc has its next earnings report out on June 13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Adobe Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Adobe Inc (NASDAQ:ADBE)’s Major holders
Adobe Inc insiders hold 0.20% of total outstanding shares, with institutional holders owning 86.87% of the shares at 87.04% float percentage. In total, 86.87% institutions holds shares in the company, led by Vanguard Group Inc. As of Dec 30, 2023, the company held over 40.27 million shares (or 8.90% of shares), all amounting to roughly $20.23 billion.
The next major institution holding the largest number of shares is Blackrock Inc. with 37.97 million shares, or about 8.39% of shares outstanding. As of the market price on Dec 30, 2023, these shares were worth $19.08 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Adobe Inc (ADBE) shares. Going by data provided on Dec 30, 2023, Vanguard Total Stock Market Index Fund holds roughly 14.29 million shares. This is just over 3.16% of the total shares, with a market valuation of $7.18 billion. Data from the same date shows that the other fund manager holds a little less at 11.12 million, or 2.46% of the shares, all valued at about 5.59 billion.
