Could this be the case of a blown-up long-term opportunity? Autodesk Inc. (ADSK)

At the time of writing, Autodesk Inc. [ADSK] stock is trading at $200.59, up 2.45%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ADSK shares have gain 0.05% over the last week, with a monthly amount drifted -12.04%, and not seem to be holding up well over a long-time horizon.

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On 23, February 2023, AUTODESK, INC. ANNOUNCES FISCAL 2023 FOURTH QUARTER AND FULL-YEAR RESULTS. In a post published today on Yahoo Finance, Record quarterly and full-year revenue, cash flow from operating activities, and free cash flow.

From an analyst’s perspective:

Autodesk Inc. [NASDAQ: ADSK] stock has seen the most recent analyst activity on January 11, 2023, when Berenberg initiated its Buy rating and assigned the stock a price target of $230. Previously, Mizuho downgraded its rating to Neutral on November 23, 2022, and dropped its price target to $210. On September 22, 2022, MoffettNathanson initiated with a Sell rating and assigned a price target of $206 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $203 on September 16, 2022. Wolfe Research initiated its recommendation with a Outperform and recommended $270 as its price target on August 17, 2022. Oppenheimer started tracking with a Outperform rating for this stock on July 27, 2022, and assigned it a price target of $320.

For the past year, the stock price of Autodesk Inc. fluctuated between $163.20 and $235.01. Currently, Wall Street analysts expect the stock to reach $230.33 within the next 12 months. Autodesk Inc. [NASDAQ: ADSK] shares were valued at $200.59 at the most recent close of the market. An investor can expect a potential return of 14.83% based on the average ADSK price forecast.

Analyzing the ADSK fundamentals

According to Autodesk Inc. [NASDAQ:ADSK], the company’s sales were 1.32 billion in the recent quarter, which represents an 13.70% jump. Gross Margin for this corporation currently stands at +89.61% with Operating Margin at +19.76%, Pretax Margin comes in at +18.90%, and Net Margin reading is +16.44%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 196.50 points at the first support level, and at 192.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 203.41, and for the 2nd resistance point, it is at 206.24.

Autodesk Inc. [ADSK] reported earnings per share of $1.7 for its fiscal quarter that ended on 10/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.7/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 7/30/2022 were $1.65 per share as compared to estimates of $1.57 per share, a difference of $0.08 representing a surprise of 5.10%.

Ratios To Look Out For

It is important to note that Autodesk Inc. [NASDAQ:ADSK] has a current ratio of 0.70. Considering the valuation of this stock, the price to sales ratio is 9.37 and the P/E (TTM) ratio is 53.02.

Transactions by insiders

Insider trading, which has resulted in 0 insider purchases of 0 shares and 12 insider sales of 5,169 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Clifford Deborah, EVP, Chief Financial Officer, that happened on Mar 09 when 1557.0 shares were sold. Director, RAFAEL BETSY completed a deal on Mar 01 to sell 309.0 shares. Meanwhile, Director Howard Ayanna sold 328.0 shares on Feb 02.