In the past week, ADSK stock has gone up by 2.02%, with a monthly gain of 5.22% and a quarterly surge of 8.23%. The volatility ratio for the week is 1.58%, and the volatility levels for the last 30 days are 2.09% for Autodesk Inc. The simple moving average for the past 20 days is 2.85% for ADSK’s stock, with a 9.69% simple moving average for the past 200 days.
Is It Worth Investing in Autodesk Inc. (NASDAQ: ADSK) Right Now?
Autodesk Inc. (NASDAQ: ADSK) has a price-to-earnings ratio that is above its average at 54.12x. The stock has a 36-month beta value of 1.47. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 8 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for ADSK is 214.19M, and at present, short sellers hold a 1.67% of that float. On September 19, 2024, the average trading volume of ADSK was 1.56M shares.
ADSK) stock’s latest price update
Autodesk Inc. (NASDAQ: ADSK)’s stock price has gone decline by -1.00 in comparison to its previous close of 266.89, however, the company has experienced a 2.02% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-09-11 that Autodesk, Inc. (NASDAQ:ADSK ) Goldman Sachs Communacopia + Technology Conference September 11, 2024 1:10 PM ET Company Participants Simon Mays-Smith – VP, Investor Relations Raji Arasu – Executive Vice President and Chief Technology Officer Unidentified Company Representative The exciting announcement. Simon Mays-Smith I have got two.
Analysts’ Opinion of ADSK
Many brokerage firms have already submitted their reports for ADSK stocks, with HSBC Securities repeating the rating for ADSK by listing it as a “Buy.” The predicted price for ADSK in the upcoming period, according to HSBC Securities is $299 based on the research report published on September 03, 2024 of the current year 2024.
Goldman, 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 $225. The rating they have provided for ADSK stocks is “Neutral” according to the report published on September 03rd, 2024.
BMO Capital Markets gave a rating of “Market Perform” to ADSK, setting the target price at $287 in the report published on August 30th of the current year.
ADSK Trading at 6.14% 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 -5.48% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares surge +5.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.30% upper at present.
During the last 5 trading sessions, ADSK rose by +2.02%, which changed the moving average for the period of 200-days by +20.96% in comparison to the 20-day moving average, which settled at $257.60. In addition, Autodesk Inc. saw 8.51% 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 MCDOWELL MARY T, who sale 550 shares at the price of $265.50 back on Sep 16 ’24. After this action, MCDOWELL MARY T now owns 31,349 shares of Autodesk Inc., valued at $146,025 using the latest closing price.
MARY THERESE MCDOWELL, the Director of Autodesk Inc., proposed sale 550 shares at $265.50 during a trade that took place back on Sep 16 ’24, which means that MARY THERESE MCDOWELL is holding shares at $146,025 based on the most recent closing price.
Stock Fundamentals for ADSK
Current profitability levels for the company are sitting at:
- 0.23 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 0.23. Equity return is now at value 57.45, with 11.09 for asset returns.
Based on Autodesk Inc. (ADSK), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.95. The interest coverage ratio of the stock is 77.0.
Currently, EBITDA for the company is 1.25 billion with net debt to EBITDA at 0.74. When we switch over and look at the enterprise to sales, we see a ratio of 9.99. The receivables turnover for the company is 14.42for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.64.
Conclusion
To sum up, Autodesk Inc. (ADSK) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
