At the time of writing, Autodesk Inc. [ADSK] stock is trading at $285.31, up 1.29%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ADSK shares have gain 6.77% over the last week, with a monthly amount glided 8.09%, 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 27, 2024, when DA Davidson initiated its Neutral rating and assigned the stock a price target of $260. Previously, HSBC Securities upgraded its rating to Buy on September 03, 2024, and elevated its price target to $299. On September 03, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $295 on the stock. BMO Capital Markets reiterated its Market Perform rating and increased its price target to $287 on August 30, 2024. Berenberg downgraded its rating to Hold for this stock on May 01, 2024, but kept the price target unchanged to $295. In a note dated November 22, 2023, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $240 to $215.
For the past year, the stock price of Autodesk Inc. fluctuated between $192.01 and $282.54. Currently, Wall Street analysts expect the stock to reach $282.39 within the next 12 months. Autodesk Inc. [NASDAQ: ADSK] shares were valued at $285.31 at the most recent close of the market. An investor can expect a potential drop of -1.02% 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 12.95% jump. Gross Profit Margin for this corporation currently stands at 0.91% with Operating Profit Margin at 0.23%, 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 282.23 points at the first support level, and at 279.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 287.41, and for the 2nd resistance point, it is at 289.51.
Ratios To Look Out For
It is important to note that Autodesk Inc. [NASDAQ:ADSK] has a current ratio of 0.64. Also, the Quick Ratio is 0.64, while the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 10.62, the price to book ratio is 24.79 and price to earnings (TTM) ratio is 58.44.
Transactions by insiders
Recent insider trading involved Hope Stephen W., SVP & Chief Accounting Officer, that happened on Sep 30 ’24 when 54.0 shares were purchased. SVP & Chief Accounting Officer, Hope Stephen W. completed a deal on Oct 01 ’24 to sell 54.0 shares. Meanwhile, Officer STEPHEN HOPE bought 54.0 shares on Oct 01 ’24.
