In recent trading session, Adobe Inc (NASDAQ:ADBE) saw 7.86 million shares changing hands at last check today with its beta currently measuring 1.27. Company’s recent per share price level of $524.57 trading at $65.83 or 14.35% at last check today assigns it a market valuation of $235.01B. That most recent trading price of ADBE’s stock is at a discount of -21.67% from its 52-week high price of $638.25 and is indicating a premium of 17.27% from its 52-week low price of $433.97. Taking a look at company’s average trading volume volume of 3.64 million if we extend that period to 3-months.
Adobe Inc (NASDAQ:ADBE) trade information
Upright in the green today for gaining 14.35%, in the last five days ADBE remained trading in the green while hitting it’s week-highest on Friday, 06/14/24 when the stock touched $524.57 price level, adding 1.85% to its value on the day. Adobe Inc’s shares saw a change of -12.07% in year-to-date performance and have moved 12.71% in past 5-day. Adobe Inc (NASDAQ:ADBE) showed a performance of 8.08% in past 30-days.
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Adobe Inc (ADBE) estimates and forecasts
Statistics highlight that Adobe Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -15.97% of value to its shares in past 6 months, showing an annual growth rate of 11.76% while that of industry is 15.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 20.00% from the last financial year’s standing.
26 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 5.4B for the same. And 26 analysts are in estimates of company making revenue of 5.58B in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 17.86% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 12.86% while estimates for its earnings growth in next 5 years are of 13.36%.
ADBE Dividends
Adobe Inc is more likely to be releasing its next quarterly report in July and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
