There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Adobe Inc. (ADBE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.16, or 0.03%, to $563.37. The Adobe Inc. has recorded 72,810 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Adobe to Announce Q3 FY2023 Earnings Results on September 14.
This NASDAQ-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $563.21 and fluctuated between $569.98 as its day high and $558.66 as its day low. The current market capitalization of Adobe Inc. is $254.95B. A total of 2.23 million shares were traded on the day, compared to an average of 3.45M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, ADBE has seen 32 BUY and 42 SELL insider trades, representing the acquisition of 24,965 and the disposition of 56,504 shares. Over the last 12 months, there were 139 BUYs and 162 SELLs from insiders. Insiders purchased 202,067 shares during that period but sold 200,015.
In the most recent transaction, Garfield Mark S. sold 298 shares of ADBE for 526.74 per share on Aug 04. After the transaction, the SVP & CAO now owns 4,055 company shares. In a previous transaction on Jul 25, Belsky Scott sold 763 shares at 519.42 per share. ADBE shares that EVP, CPO, Creative Cloud owns now total 23,012.
Among the insiders who sold shares, Belsky Scott disposed of 2,191 shares on Jul 24 at a per-share price of $520.00. This resulted in the EVP, CPO, Creative Cloud holding 23,775 shares of ADBE after the transaction. In another insider transaction, WARNOCK JOHN E sold 3,000 shares at $481.41 per share on Jun 23. Company shares held by the Director now total 372,965.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ADBE in the last 3 months, the mean price target is $559.43 with high estimates of $660.00 and low estimates of $428.00. In terms of 52-week highs and lows, ADBE has a high of $562.10 and a low of $274.73.
As of this writing, ADBE has an earnings estimate of $3.98 per share for the current quarter. EPS was calculated based on a consensus of 26 estimates, with a high estimate of $4.04 per share and a lower estimate of $3.95. The company reported an EPS of $3.8 in the last quarter, which was 3.30% higher than expectations of $3.68.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ADBE’s latest balance sheet shows that the firm has $5.80B in Cash & Short Term Investments as of fiscal 2021. There were $4.67B in debt and $6.93B in liabilities at the time. Its Book Value Per Share was $32.40, while its Total Shareholder’s Equity was $14.80B.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ADBE is Buy with a score of 4.26.