At the time of writing, Autodesk Inc. [ADSK] stock is trading at $216.40, up 0.65%. An important factor to consider is whether the stock is rising or falling in short-term value. The ADSK shares have gain 2.74% over the last week, with a monthly amount drifted -17.30%, and not 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.
For the past year, the stock price of Autodesk Inc. fluctuated between $188.38 and $279.53. Currently, Wall Street analysts expect the stock to reach $275.88 within the next 12 months. Autodesk Inc. [NASDAQ: ADSK] shares were valued at $216.40 at the most recent close of the market. An investor can expect a potential return of 27.49% based on the average ADSK price forecast.
Analyzing the ADSK fundamentals
According to Autodesk Inc. [NASDAQ:ADSK], the company’s sales were 5.45B for trailing twelve months, which represents an 13.52% jump. Gross Profit Margin for this corporation currently stands at 0.91% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. 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 1.27.
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 214.36 points at the first support level, and at 212.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 217.62, and for the 2nd resistance point, it is at 218.84.
Autodesk Inc. [ADSK] reported earnings per share of $2.09 for its fiscal quarter that ended on 1/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.95/share, meaning a difference of $0.14 and a surprise factor of 7.20%. By comparison, the stated earnings for the previous quarter ended on 10/31/2023 were $2.07 per share as compared to estimates of $1.99 per share, a difference of $0.08 representing a surprise of 4.00%.
Ratios To Look Out For
It is important to note that Autodesk Inc. [NASDAQ:ADSK] has a current ratio of 0.82. On the other hand, the Quick Ratio is 0.75, and the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 8.50, the price to book ratio is 31.25 and price to earnings (TTM) ratio is 51.48.
Transactions by insiders
Recent insider trading involved Hope Stephen W., SVP & Chief Accounting Officer, that happened on Apr 02 ’24 when 75.0 shares were sold. President and CEO, Anagnost Andrew completed a deal on Mar 27 ’24 to sell 21053.0 shares. Meanwhile, EVP, Chief Financial Officer Clifford Deborah sold 5553.0 shares on Mar 27 ’24.
