A share price of Autodesk Inc [ADSK] is currently trading at $308.55, up 0.27%. 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 4.01% over the last week, with a monthly amount glided 1.00%, 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 December 02, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $350. Previously, HSBC Securities downgraded its rating to Hold on November 29, 2024, and kept the price target unchanged to $290. On November 27, 2024, BMO Capital Markets reiterated its Market Perform rating and revised its price target to $308 on the stock. Scotiabank started tracking the stock assigning a Sector Outperform rating and suggested a price target of $360 on November 19, 2024. Wells Fargo initiated its recommendation with a Overweight and recommended $340 as its price target on October 16, 2024. DA Davidson started tracking with a Neutral rating for this stock on September 27, 2024, and assigned it a price target of $260. In a note dated September 03, 2024, HSBC Securities upgraded an Buy rating on this stock and boosted its target price from $242 to $299.
Autodesk Inc experienced fluctuations in its stock price throughout the past year between $195.32 and $326.62. Currently, Wall Street analysts expect the stock to reach $301.61 within the next 12 months. Autodesk Inc [NASDAQ: ADSK] shares were valued at $308.55 at the most recent close of the market. An investor can expect a potential drop of -2.25% based on the average ADSK price forecast.
Analyzing the ADSK fundamentals
Trailing Twelve Months sales for Autodesk Inc [NASDAQ:ADSK] were 5.94B which represents 11.93% growth. 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 0.48 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.99.
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 305.68 points at the first support level, and at 302.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 311.47, and for the 2nd resistance point, it is at 314.38.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Autodesk Inc [NASDAQ:ADSK] is 0.65. Further, the Quick Ratio stands at 0.65, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 11.26, the price to book ratio is 25.36 and price to earnings (TTM) ratio is 61.30.
Transactions by insiders
Recent insider trading involved NORRINGTON LORRIE M, Director, that happened on Dec 06 ’24 when 1778.0 shares were sold. Director, LORRIE NORRINGTON completed a deal on Dec 06 ’24 to buy 1778.0 shares. Meanwhile, Director MCDOWELL MARY T sold 550.0 shares on Nov 15 ’24.
