Autodesk Inc. (NASDAQ:ADSK) went down by -0.82% from its latest closing price compared to the recent 1-year high of $261.94. The company’s stock price has collected 4.12% of gains in the last five trading sessions. Barron’s reported on 09/23/20 that Bentley Systems Rises 52% in Market Debut
Is It Worth Investing in Autodesk Inc. (NASDAQ :ADSK) Right Now?
Autodesk Inc. (NASDAQ:ADSK) scored a price-to-earnings ratio above its average ratio, recording 137.92 x from its present earnings ratio. Plus, the 36-month beta value for ADSK is at 1.51. Opinions of the stock are interesting as 13 analysts out of 21 who provided ratings for Autodesk Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 3 rated it as “hold,” and 1 as “sell.”
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The average price from analysts is $261.53, which is $31.85 above the current price. ADSK currently public float of 217.98M and currently shorts hold a 1.19% ratio of that float. Today, the average trading volume of ADSK was 1.29M shares.
ADSK’s Market Performance
ADSK stocks went up by 4.12% for the week, with a monthly drop of -5.98% and a quarterly performance of -4.23%, while its annual performance rate touched 58.54%. The volatility ratio for the week stands at 3.04% while the volatility levels for the past 30 days are set at 3.77% for Autodesk Inc.. The simple moving average for the period of the last 20 days is -0.54% for ADSK stocks with a simple moving average of 12.85% for the last 200 days.
Analysts’ Opinion of ADSK
Many brokerage firms have already submitted their reports for ADSK stocks, with Oppenheimer repeating the rating for ADSK by listing it as a “Outperform.” The predicted price for ADSK in the upcoming period, according to Oppenheimer is $300 based on the research report published on July 09th of the current year 2020.
Wells Fargo, on the other hand, stated in their research note that they expect to see ADSK reach a price target of $240, previously predicting the price at $220. The rating they have provided for ADSK stocks is “Overweight” according to the report published on May 28th, 2020.
Wedbush gave a rating of “Neutral” to ADSK, setting the target price at $200 in the report published on May 28th of the current year.
ADSK Trading at -2.59% from the 50-Day Moving Average
After a stumble in the market that brought ADSK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.81% of loss for the given period.
Volatility was left at 3.77%, however, over the last 30 days, the volatility rate increased by 3.04%, as shares sank -8.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.62% lower at present.
During the last 5 trading sessions, ADSK rose by +4.12%, which changed the moving average for the period of 200-days by +28.76% in comparison to the 20-day moving average, which settled at $231.13. In addition, Autodesk Inc. saw 25.92% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ADSK starting from NORRINGTON LORRIE M, who sale 2,475 shares at the price of $220.80 back on Sep 21. After this action, NORRINGTON LORRIE M now owns 14,112 shares of Autodesk Inc., valued at $546,480 using the latest closing price.
Hope Stephen W., the VP & Chief Accounting Officer of Autodesk Inc., sale 312 shares at $234.31 during a trade that took place back on Sep 15, which means that Hope Stephen W. is holding 3,153 shares at $73,105 based on the most recent closing price.
Stock Fundamentals for ADSK
Current profitability levels for the company are sitting at:
- +10.97 for the present operating margin
- +88.87 for the gross margin
The net margin for Autodesk Inc. stands at +6.59. The total capital return value is set at 16.68, while invested capital returns managed to touch 11.34. Equity return is now at value -379.90, with 6.50 for asset returns.
Currently, EBITDA for the company is 178.80M with total debt to EBITDA at 4.30. When we switch over and look at the enterprise to sales, we see a ratio of 13.66, with the company’s debt to enterprise value settled at 0.06. The receivables turnover for the company is 5.78 and the total asset turnover is 0.60. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.