Autodesk Inc. (ADSK) Stock: A Closer Look at the Market Potential

The price-to-earnings ratio for Autodesk Inc. (NASDAQ: ADSK) is above average at 59.16x, Company’s 36-month beta value is 1.42.Analysts have differing opinions on the stock, with 11 analysts rating it as a “buy,” 8 as “overweight,” 3 as “hold,” and 1 as “sell.”

The public float for ADSK is 213.32M, and currently, short sellers hold a 1.06% ratio of that floaft. The average trading volume of ADSK on April 03, 2024 was 1.29M shares.

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ADSK) stock’s latest price update

Autodesk Inc. (NASDAQ: ADSK) has seen a decline in its stock price by -4.14 in relation to its previous close of 259.44. However, the company has experienced a -4.92% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-02 that 3D printing stocks haven’t seen the surge in popularity they once did — investors recognized that the sector is capital-intensive and, while the industry matures, low margin. But that’s beginning to change as the top 3D printing stocks pivot away from focusing on hardware and begin focusing on niche, targeted software to maximize existing hardware’s potential.

ADSK’s Market Performance

ADSK’s stock has fallen by -4.92% in the past week, with a monthly drop of -6.05% and a quarterly rise of 2.15%. The volatility ratio for the week is 1.61% while the volatility levels for the last 30 days are 2.04% for Autodesk Inc. The simple moving average for the last 20 days is -3.67% for ADSK stock, with a simple moving average of 10.44% for the last 200 days.

Analysts’ Opinion of ADSK

Many brokerage firms have already submitted their reports for ADSK stocks, with Piper Sandler repeating the rating for ADSK by listing it as a “Neutral.” The predicted price for ADSK in the upcoming period, according to Piper Sandler is $215 based on the research report published on November 22, 2023 of the previous year 2023.

HSBC Securities, on the other hand, stated in their research note that they expect to see ADSK reach a price target of $214. The rating they have provided for ADSK stocks is “Hold” according to the report published on September 29th, 2023.

BMO Capital Markets gave a rating of “Market Perform” to ADSK, setting the target price at $224 in the report published on May 24th of the previous year.

ADSK Trading at -3.31% 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 -11.03% of loss for the given period.

Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 1.61%, as shares sank -4.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.03% upper at present.

During the last 5 trading sessions, ADSK fell by -4.92%, which changed the moving average for the period of 200-days by +16.46% in comparison to the 20-day moving average, which settled at $257.59. In addition, Autodesk Inc. saw 2.15% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ADSK starting from Hope Stephen W., who sale 75 shares at the price of $249.69 back on Apr 02 ’24. After this action, Hope Stephen W. now owns 3,450 shares of Autodesk Inc., valued at $18,727 using the latest closing price.

Anagnost Andrew, the President and CEO of Autodesk Inc., sale 21,053 shares at $259.99 during a trade that took place back on Mar 27 ’24, which means that Anagnost Andrew is holding 105,213 shares at $5,473,609 based on the most recent closing price.

Stock Fundamentals for ADSK

Current profitability levels for the company are sitting at:

  • 0.21 for the present operating margin
  • 0.91 for the gross margin

The net margin for Autodesk Inc. stands at 0.16. The total capital return value is set at 0.2. Equity return is now at value 60.40, with 9.36 for asset returns.

Based on Autodesk Inc. (ADSK), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.56. The debt to equity ratio resting at 1.27. The interest coverage ratio of the stock is 141.0.

Currently, EBITDA for the company is 1.27 billion with net debt to EBITDA at 0.58. When we switch over and look at the enterprise to sales, we see a ratio of 9.81. The receivables turnover for the company is 6.28for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.82.

Conclusion

In a nutshell, Autodesk Inc. (ADSK) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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