Adobe (ADBE) Impressive 3.23% Stock Price Surge on October 11, 2023

Adobe Stock Price on October 11, 2023

Adobe (ADBE) is a prominent technology company listed on the NASDAQ stock exchange, known for its software products such as Adobe Photoshop, Illustrator, and Acrobat. Let's delve into a comprehensive analysis of Adobe Inc's stock based on the provided data:

As of the last closing date on October 11, 2023, Adobe's stock was valued at $549.91 USD. It exhibited a noteworthy increase of 3.23% or $17.19 on that particular trading day. After regular trading hours, the stock continued to show a slight uptick, reaching $551.41. Adobe's stock appears to have been relatively stable over the past year, with a 52-week high of $570.24 and a 52-week low of $276.60.

Adobe boasts a substantial market capitalization of 250.37B USD, reflecting the company's substantial value in the market. The average trading volume for Adobe's shares is approximately 2.88 million, indicating a healthy level of market activity.

The Price/Earnings (P/E) ratio for Adobe Inc is 49.51. This metric is commonly used to assess the stock's valuation relative to its earnings. Adobe's P/E ratio suggests that investors are willing to pay approximately 49.51 times the company's current earnings for each share.

Adobe Inc holds a CDP score of "A." The Carbon Disclosure Project (CDP) is a platform where companies disclose their environmental impact and efforts to reduce carbon emissions. An "A" score signifies a strong commitment to environmental sustainability.

Summary 

Stock Price: $549.91 USD (Closing) and $551.41 USD (After Hours).

Price Change: Increased by $17.19 (3.23%).

Market Cap: 250.37B USD

P/E Ratio: 49.51

CDP Score: A.

52-Week Range: $276.60 - $570.24.

Exchange: NASDAQ.