Autodesk Inc. (NASDAQ: ADSK) has a higher price-to-earnings ratio of 51.88x compared to its average ratio. ADSK has 36-month beta value of 1.48. 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 214.94M, and currently, short sellers hold a 1.56% ratio of that float. The average trading volume of ADSK on July 25, 2024 was 2.05M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
ADSK) stock’s latest price update
The stock of Autodesk Inc. (NASDAQ: ADSK) has decreased by -2.75 when compared to last closing price of 246.23. Despite this, the company has experienced a -4.29% fall in its stock price over the last five trading sessions. zacks.com reported 2024-07-23 that Autodesk (ADSK) closed at $246.23 in the latest trading session, marking a +0.4% move from the prior day.
ADSK’s Market Performance
Autodesk Inc. (ADSK) has seen a -4.29% fall in stock performance for the week, with a 0.12% gain in the past month and a 9.87% surge in the past quarter. The volatility ratio for the week is 2.06%, and the volatility levels for the past 30 days are at 1.87% for ADSK. The simple moving average for the past 20 days is -3.05% for ADSK’s stock, with a 2.91% simple moving average for the past 200 days.
Analysts’ Opinion of ADSK
Many brokerage firms have already submitted their reports for ADSK stocks, with Berenberg repeating the rating for ADSK by listing it as a “Hold.” The predicted price for ADSK in the upcoming period, according to Berenberg is $295 based on the research report published on May 01, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see ADSK reach a price target of $215, previously predicting the price at $240. The rating they have provided for ADSK stocks is “Neutral” according to the report published on November 22nd, 2023.
HSBC Securities gave a rating of “Hold” to ADSK, setting the target price at $214 in the report published on September 29th of the previous year.
ADSK Trading at 3.69% 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 -14.34% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares sank -1.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.96% upper at present.
During the last 5 trading sessions, ADSK fell by -4.29%, which changed the moving average for the period of 200-days by +17.40% in comparison to the 20-day moving average, which settled at $246.84. In addition, Autodesk Inc. saw -1.66% 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 MCDOWELL MARY T, who sale 550 shares at the price of $253.33 back on Jul 15 ’24. After this action, MCDOWELL MARY T now owns 31,016 shares of Autodesk Inc., valued at $139,332 using the latest closing price.
Blum Steven M, the EVP, Chief Operating Officer of Autodesk Inc., sale 19,693 shares at $250.00 during a trade that took place back on Jul 11 ’24, which means that Blum Steven M is holding 34,443 shares at $4,923,250 based on the most recent closing price.
Stock Fundamentals for ADSK
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.91 for the gross margin
The net margin for Autodesk Inc. stands at 0.18. The total capital return value is set at 0.21. Equity return is now at value 65.21, with 10.55 for asset returns.
Based on Autodesk Inc. (ADSK), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 1.09. The interest coverage ratio of the stock is 304.5.
Currently, EBITDA for the company is 1.25 billion with net debt to EBITDA at 0.68. When we switch over and look at the enterprise to sales, we see a ratio of 9.32. The receivables turnover for the company is 15.98for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.
Conclusion
To put it simply, Autodesk Inc. (ADSK) has had a mixed 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.
