Autodesk Inc. (NASDAQ: ADSK)’s stock price has gone decline by -0.76 in comparison to its previous close of 288.48, however, the company has experienced a -1.00% decrease in its stock price over the last five trading days. fool.com reported 2024-10-20 that Autodesk, Blackline, and The Trade Desk are attractive growth stocks now.
Is It Worth Investing in Autodesk Inc. (NASDAQ: ADSK) Right Now?
Autodesk Inc. (NASDAQ: ADSK) has a higher price-to-earnings ratio of 58.64x compared to its average ratio, The 36-month beta value for ADSK is at 1.48. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 8 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for ADSK is 214.21M, and currently, shorts hold a 1.15% of that float. The average trading volume for ADSK on October 24, 2024 was 1.36M shares.
ADSK’s Market Performance
ADSK’s stock has seen a -1.00% decrease for the week, with a 6.17% rise in the past month and a 18.19% gain in the past quarter. The volatility ratio for the week is 1.44%, and the volatility levels for the past 30 days are at 1.63% for Autodesk Inc. The simple moving average for the last 20 days is 2.51% for ADSK’s stock, with a simple moving average of 16.13% for the last 200 days.
Analysts’ Opinion of ADSK
Many brokerage firms have already submitted their reports for ADSK stocks, with Wells Fargo repeating the rating for ADSK by listing it as a “Overweight.” The predicted price for ADSK in the upcoming period, according to Wells Fargo is $340 based on the research report published on October 16, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see ADSK reach a price target of $260. The rating they have provided for ADSK stocks is “Neutral” according to the report published on September 27th, 2024.
HSBC Securities gave a rating of “Buy” to ADSK, setting the target price at $299 in the report published on September 03rd of the current year.
ADSK Trading at 7.41% 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 -2.66% of loss for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 1.44%, as shares surge +6.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.04% upper at present.
During the last 5 trading sessions, ADSK fell by -1.00%, which changed the moving average for the period of 200-days by +21.59% in comparison to the 20-day moving average, which settled at $279.29. In addition, Autodesk Inc. saw 17.58% 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 $285.31 back on Oct 15 ’24. After this action, MCDOWELL MARY T now owns 30,799 shares of Autodesk Inc., valued at $156,920 using the latest closing price.
MARY THERESE MCDOWELL, the Director of Autodesk Inc., proposed sale 550 shares at $285.31 during a trade that took place back on Oct 15 ’24, which means that MARY THERESE MCDOWELL is holding shares at $156,920 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 1.22 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 10.81. 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
In conclusion, Autodesk Inc. (ADSK) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
