Autodesk Inc. (NASDAQ:ADSK) went up by 2.42% from its latest closing price compared to the recent 1-year high of $344.39. The company’s stock price has collected -6.72% of loss in the last five trading sessions. Barron’s reported on 11/24/21 that Autodesk Stock Tumbles. Price Targets Are Slashed After Mixed Results.
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 82.69 x from its present earnings ratio. Plus, the 36-month beta value for ADSK is at 1.43. Opinions of the stock are interesting as 14 analysts out of 22 who provided ratings for Autodesk Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 4 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $284.25, which is $100.29 above the current price. ADSK currently public float of 216.79M and currently shorts hold a 1.94% ratio of that float. Today, the average trading volume of ADSK was 1.96M shares.
ADSK’s Market Performance
ADSK stocks went down by -6.72% for the week, with a monthly drop of -5.65% and a quarterly performance of -22.42%, while its annual performance rate touched -31.39%. The volatility ratio for the week stands at 5.95% while the volatility levels for the past 30 days are set at 4.80% for Autodesk Inc.. The simple moving average for the period of the last 20 days is -4.14% for ADSK stocks with a simple moving average of -29.72% for the last 200 days.
Analysts’ Opinion of ADSK
Many brokerage firms have already submitted their reports for ADSK stocks, with Stifel repeating the rating for ADSK by listing it as a “Buy.” The predicted price for ADSK in the upcoming period, according to Stifel is $285 based on the research report published on February 25th of the current year 2022.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see ADSK reach a price target of $295, previously predicting the price at $300. The rating they have provided for ADSK stocks is “Outperform” according to the report published on February 25th, 2022.
Morgan Stanley gave a rating of “Equal-Weight” to ADSK, setting the target price at $258 in the report published on February 25th of the current year.
ADSK Trading at -8.23% 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 -46.27% of loss for the given period.
Volatility was left at 4.80%, however, over the last 30 days, the volatility rate increased by 5.95%, as shares sank -8.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.53% lower at present.
During the last 5 trading sessions, ADSK fell by -6.72%, which changed the moving average for the period of 200-days by -40.90% in comparison to the 20-day moving average, which settled at $192.21. In addition, Autodesk Inc. saw -34.19% 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 59 shares at the price of $215.75 back on Apr 01. After this action, Hope Stephen W. now owns 2,902 shares of Autodesk Inc., valued at $12,729 using the latest closing price.
Hope Stephen W., the VP & Chief Accounting Officer of Autodesk Inc., sale 1,626 shares at $212.30 during a trade that took place back on Mar 28, which means that Hope Stephen W. is holding 2,902 shares at $345,200 based on the most recent closing price.
Stock Fundamentals for ADSK
Current profitability levels for the company are sitting at:
- +15.02 for the present operating margin
- +89.59 for the gross margin
The net margin for Autodesk Inc. stands at +11.30. Equity return is now at value 43.40, with 6.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.