Taking a Fresh Look at Adobe Systems Incorporated (ADBE)

Adobe Systems Incorporated (ADBE) is an interesting player in the Technology space, with a focus on Application Software. The stock has been active on the tape, currently trading at $252.59, up from yesterday’s close by 0.63%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Adobe Systems Incorporated (ADBE) currently trades with a market capitalization of $125.75 Billion. That value represents a market adjusting for revenues that have been growing by 23.63 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $2.93 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.54 on a per share basis this quarter. Perhaps, that suggests something about why 0.36% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how ADBE has been acting. Looking at the stock’s movement on the chart, Adobe Systems Incorporated recorded a 52-week high of $254.72. It is now trading 2.13% off that level. The stock is trading $234.13 its 50-day moving average by -18.46%. The stock carved out a 52-week low down at $131.20.

In recent action, Adobe Systems Incorporated (ADBE) has made a move of +5.97% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.11, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.28% with $490.86 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ADBE.

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