Adobe Inc (NASDAQ:ADBE) price closed higher on Tuesday, April 16, jumping 1.30% above its previous close.
A look at the daily price movement shows that the last close reads $470.10. The company’s P/E ratio in the trailing 12-month period read 45.49. Taking into account the 52-week price action we note that the stock hit a 52-week high of $638.25 and 52-week low of $331.89. The stock subtracted -3.30% on its value in the past month.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ADBE a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 3.40. The overview shows that ADBE’s price is at present -4.30% off the SMA20 and -12.28% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 33.65, with weekly volatility standing at 2.17%. The indicator jumps to 2.34% when calculated based on the past 30 days. Adobe Inc (NASDAQ:ADBE)’s beta value is holding at 1.28, while the average true range (ATR) indicator is currently reading 13.29.
An analysis of the Adobe Inc (NASDAQ:ADBE) stock in terms of its daily trading volume indicates that the 3-month average is 3.83 million.
Current records show that the company has 455.00M in outstanding shares. The insiders’ percentage holdings are 0.68% of outstanding shares while the percentage share held by institutions stands at 84.38%. But the -20.18% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
