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Tuesday, December 5, 2023

Adobe Inc (NASDAQ: ADBE) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

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. After-hours trades for Adobe Inc (ADBE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.60, or -0.27%, to $583.71. The Adobe Inc has recorded 99,049 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Adobe Appoints Cristiano Amon to its Board of Directors.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $585.31 and fluctuated between $595.66 as its day high and $581.07 as its day low. The current market capitalization of Adobe Inc is $266.49B. A total of 3.04 million shares were traded on the day, compared to an average of 2.65M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ADBE has seen 5 BUY and 6 SELL insider trades, representing the acquisition of 6,514 and the disposition of 3,597 shares. Over the last 12 months, there were 122 BUYs and 142 SELLs from insiders. Insiders purchased 186,228 shares during that period but sold 169,990.

In the most recent transaction, Belsky Scott sold 764 shares of ADBE for 533.56 per share on Oct 25. After the transaction, the Chief Strategy Officer & EVP now owns 21,467 company shares. In a previous transaction on Oct 25, Garfield Mark S. sold 116 shares at 533.56 per share. ADBE shares that SVP & CAO owns now total 4,055.

Among the insiders who sold shares, Belsky Scott disposed of 1,991 shares on Oct 24 at a per-share price of $544.39. This resulted in the Chief Strategy Officer & EVP holding 21,467 shares of ADBE after the transaction. In another insider transaction, Garfield Mark S. sold 96 shares at $553.18 per share on Oct 16. Company shares held by the SVP & CAO now total 4,055.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ADBE in the last 3 months, the mean price target is $607.30 with high estimates of $660.00 and low estimates of $441.00. In terms of 52-week highs and lows, ADBE has a high of $589.00 and a low of $297.35.

As of this writing, ADBE has an earnings estimate of $3.9 per share for the current quarter. EPS was calculated based on a consensus of 26 estimates, with a high estimate of $3.94 per share and a lower estimate of $3.88. The company reported an EPS of $3.91 in the last quarter, which was 3.20% higher than expectations of $3.79.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.46.

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