Autodesk Inc. (NASDAQ:ADSK) went down by -15.83% from its latest closing price compared to the recent 1-year high of $344.39. The company’s stock price has collected -8.88% of loss in the last five trading sessions. Barron’s reported 36 min ago that Stocks Are Slipping. Economic Data Could Change Fed Timeline.
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 51.37 x from its present earnings ratio. Plus, the 36-month beta value for ADSK is at 1.36. Opinions of the stock are interesting as 15 analysts out of 24 who provided ratings for Autodesk Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 6 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $344.00, which is $102.19 above the current price. ADSK currently public float of 219.16M and currently shorts hold a 1.14% ratio of that float. Today, the average trading volume of ADSK was 1.37M shares.
ADSK’s Market Performance
ADSK stocks went down by -8.88% for the week, with a monthly drop of -2.50% and a quarterly performance of -11.18%, while its annual performance rate touched 18.17%. The volatility ratio for the week stands at 3.26% while the volatility levels for the past 30 days are set at 2.52% for Autodesk Inc.. The simple moving average for the period of the last 20 days is -20.15% for ADSK stocks with a simple moving average of -13.17% for the last 200 days.
Analysts’ Opinion of ADSK
Many brokerage firms have already submitted their reports for ADSK stocks, with Credit Suisse repeating the rating for ADSK by listing it as a “Outperform.” The predicted price for ADSK in the upcoming period, according to Credit Suisse is $450 based on the research report published on November 16th of the current year 2021.
Piper Sandler, on the other hand, stated in their research note that they expect to see ADSK reach a price target of $338. The rating they have provided for ADSK stocks is “Overweight” according to the report published on October 15th, 2021.
Morgan Stanley gave a rating of “Equal-Weight” to ADSK, setting the target price at $334 in the report published on August 19th of the current year.
ADSK Trading at -15.19% 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 -25.71% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 3.26%, as shares sank -16.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.54% lower at present.
During the last 5 trading sessions, ADSK fell by -22.43%, which changed the moving average for the period of 200-days by -15.01% in comparison to the 20-day moving average, which settled at $317.81. In addition, Autodesk Inc. saw -0.44% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at ADSK starting from Hope Stephen W., who sale 86 shares at the price of $283.06 back on Oct 01. After this action, Hope Stephen W. now owns 4,321 shares of Autodesk Inc., valued at $24,343 using the latest closing price.
Clifford Deborah, the EVP & Chief Financial Officer of Autodesk Inc., sale 5,481 shares at $289.81 during a trade that took place back on Sep 08, which means that Clifford Deborah is holding 22,646 shares at $1,588,449 based on the most recent closing price.
Stock Fundamentals for ADSK
Current profitability levels for the company are sitting at:
- +16.86 for the present operating margin
- +90.12 for the gross margin
The net margin for Autodesk Inc. stands at +31.87. The total capital return value is set at 23.35, while invested capital returns managed to touch 49.25. Equity return is now at value 150.60, with 18.80 for asset returns.
Based on Autodesk Inc. (ADSK), the company’s capital structure generated 217.98 points at debt to equity in total, while total debt to capital is 68.55. Total debt to assets is 28.91, with long-term debt to equity ratio resting at 210.59. Finally, the long-term debt to capital ratio is 66.23.
When we switch over and look at the enterprise to sales, we see a ratio of 16.54, with the company’s debt to enterprise value settled at 0.03. The receivables turnover for the company is 5.85 and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.