Autodesk Inc. [ADSK] stock prices are up 2.54% to $264.74 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ADSK shares have gain 2.93% over the last week, with a monthly amount glided 4.31%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Autodesk Inc. [NASDAQ: ADSK] stock has seen the most recent analyst activity on November 22, 2023, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $215 from $240. Previously, HSBC Securities started tracking the stock with Hold rating on September 29, 2023, and set its price target to $214. On May 24, 2023, BMO Capital Markets initiated with a Market Perform rating and assigned a price target of $224 on the stock. William Blair started tracking the stock assigning a Outperform rating. Berenberg initiated its recommendation with a Buy and recommended $230 as its price target on January 11, 2023. Mizuho downgraded its rating to Neutral for this stock on November 23, 2022, and downed its price target to $210. In a note dated September 22, 2022, MoffettNathanson initiated an Sell rating and provided a target price of $206 on this stock.
The stock price of Autodesk Inc. [ADSK] has been fluctuating between $188.38 and $269.53 over the past year. Currently, Wall Street analysts expect the stock to reach $267.06 within the next 12 months. Autodesk Inc. [NASDAQ: ADSK] shares were valued at $264.74 at the most recent close of the market. An investor can expect a potential return of 0.88% based on the average ADSK price forecast.
Analyzing the ADSK fundamentals
The Autodesk Inc. [NASDAQ:ADSK] reported sales of 5.45B for trailing twelve months, representing a surge of 13.52%. Gross Profit Margin for this corporation currently stands at 0.93% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.67 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.42.
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 255.72 points at the first support level, and at 246.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 276.65, and for the 2nd resistance point, it is at 288.55.
Ratios To Look Out For
It’s worth pointing out that Autodesk Inc. [NASDAQ:ADSK]’s Current Ratio is 0.82. As well, the Quick Ratio is 0.75, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 10.40, the price to book ratio is 38.23 and price to earnings (TTM) ratio is 62.98.
Transactions by insiders
Recent insider trading involved MCDOWELL MARY T, Director, that happened on Mar 01 when 5000.0 shares were sold. Director, MCDOWELL MARY T completed a deal on Feb 15 to sell 550.0 shares. Meanwhile, Director MCDOWELL MARY T sold 2500.0 shares on Jan 22.
