At the time of writing, Autodesk Inc. [ADSK] stock is trading at $257.83, down -0.22%. An important factor to consider is whether the stock is rising or falling in short-term value. The ADSK shares have gain 0.63% over the last week, with a monthly amount glided 11.44%, 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 September 03, 2024, when HSBC Securities upgraded its rating to a Buy and also boosted its price target to $299 from $242. Previously, Goldman upgraded its rating to Neutral on September 03, 2024, and elevated its price target to $295. On August 30, 2024, BMO Capital Markets reiterated its Market Perform rating and revised its price target to $287 on the stock. Berenberg downgraded its rating to a Hold but $295 remained the price target by the analyst firm on May 01, 2024. Piper Sandler downgraded its rating to Neutral for this stock on November 22, 2023, and downed its price target to $215. In a note dated September 29, 2023, HSBC Securities initiated an Hold rating and provided a target price of $214 on this stock.
For the past year, the stock price of Autodesk Inc. fluctuated between $192.01 and $279.53. Currently, Wall Street analysts expect the stock to reach $281.77 within the next 12 months. Autodesk Inc. [NASDAQ: ADSK] shares were valued at $257.83 at the most recent close of the market. An investor can expect a potential return of 9.29% based on the average ADSK price forecast.
Analyzing the ADSK fundamentals
According to Autodesk Inc. [NASDAQ:ADSK], the company’s sales were 5.78B for trailing twelve months, which represents an 13.33% jump. Gross Profit Margin for this corporation currently stands at 0.91% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.53 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.95.
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 253.83 points at the first support level, and at 249.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 264.83, and for the 2nd resistance point, it is at 271.83.
Ratios To Look Out For
It is important to note that Autodesk Inc. [NASDAQ:ADSK] has a current ratio of 0.64. On the other hand, the Quick Ratio is 0.69, and the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 9.61, the price to book ratio is 25.65 and price to earnings (TTM) ratio is 52.81.
Transactions by insiders
Recent insider trading involved Blum Steven M, EVP, Chief Operating Officer, that happened on Aug 30 ’24 when 17344.0 shares were sold. Officer, BLUM FAMILY DECLARATION OF TR completed a deal on Aug 30 ’24 to buy 17344.0 shares. Meanwhile, Director MCDOWELL MARY T sold 550.0 shares on Aug 15 ’24.
