NASDAQ Composite ended the session with Adobe jumping 2.71% to $478.96 on Thursday, following last session’s downward trend. NASDAQ Composite rose 2.61% to $13,073.47, following last session’s downward trend on what was an all-around positive trend exchanging session today.
Adobe today’s close was $478.96, 12.09% under its 52-week high of $536.88.
Adobe’s sales growth is 21.6% for the ongoing quarter and 17.2% for the next. The company’s growth estimates for the current quarter and the next is 22.5% and 10.2%, respectively.
Year-on-year quarterly revenue growth grew by 14.4%, now sitting on 12.87B for the twelve trailing months.
Adobe’s last day, last week, and last month’s average volatility was a negative 4.16%, a negative 1.51%, and a negative 0.20%, respectively.
Adobe’s last day, last week, and last month’s high and low average amplitude percentage was 2.12%, 2.29%, and 2.16%, respectively.
Adobe’s Stock Yearly Top and Bottom Value
Adobe’s stock is valued at $478.96 at 16:43 EST, way under its 52-week high of $536.88 and way above its 52-week low of $255.13.
Adobe’s Moving Average
Adobe’s value is below its 50-day moving average of $484.39 and above its 200-day moving average of $472.19.
Previous days news about Adobe
According to Business Insider on Monday, 4 January, "Commentary: "We continue to view Adobe as an attractive risk/reward idea given the company’s ability to deliver high teens revenue growth with industry leading op. margins (~43% in FY20). "