In the past week, ADSK stock has gone down by -7.94%, with a monthly decline of -10.23% and a quarterly plunge of -5.49%. The volatility ratio for the week is 2.49%, and the volatility levels for the last 30 days are 2.03% for Autodesk Inc. The simple moving average for the last 20 days is -9.28% for ADSK stock, with a simple moving average of 0.61% for the last 200 days.
Is It Worth Investing in Autodesk Inc. (NASDAQ: ADSK) Right Now?
Autodesk Inc. (NASDAQ: ADSK) has a higher price-to-earnings ratio of 54.30x compared to its average ratio. ADSK has 36-month beta value of 1.43. Analysts have mixed views 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 1.24% ratio of that float. The average trading volume of ADSK on April 17, 2024 was 1.31M shares.
ADSK) stock’s latest price update
Autodesk Inc. (NASDAQ: ADSK) has seen a decline in its stock price by -0.60 in relation to its previous close of 229.62. However, the company has experienced a -7.94% decline in its stock price over the last five trading sessions. Forbes reported 2024-04-16 that Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
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 -10.52% 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 -18.35% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares sank -10.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.00% lower at present.
During the last 5 trading sessions, ADSK fell by -7.94%, which changed the moving average for the period of 200-days by +10.70% in comparison to the 20-day moving average, which settled at $250.23. In addition, Autodesk Inc. saw -6.26% in overturn over a single year, with a tendency to cut further losses.
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 9.02. 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
To put it simply, Autodesk Inc. (ADSK) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
