Autodesk Inc [ADSK] stock prices are up 1.26% to $301.23 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ADSK shares have lost -4.89% over the last week, with a monthly amount drifted -10.36%, 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 December 12, 2024, when Macquarie initiated its Outperform rating and assigned the stock a price target of $380. Previously, UBS started tracking the stock with Buy rating on December 02, 2024, and set its price target to $350. On November 29, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $290 on the stock. BMO Capital Markets reiterated its Market Perform rating and increased its price target to $308 on November 27, 2024. Scotiabank initiated its recommendation with a Sector Outperform and recommended $360 as its price target on November 19, 2024. Wells Fargo started tracking with a Overweight rating for this stock on October 16, 2024, and assigned it a price target of $340. In a note dated September 27, 2024, DA Davidson initiated an Neutral rating and provided a target price of $260 on this stock.
The stock price of Autodesk Inc [ADSK] has been fluctuating between $195.32 and $326.62 over the past year. Currently, Wall Street analysts expect the stock to reach $313.06 within the next 12 months. Autodesk Inc [NASDAQ: ADSK] shares were valued at $301.23 at the most recent close of the market. An investor can expect a potential return of 3.93% based on the average ADSK price forecast.
Analyzing the ADSK fundamentals
The Autodesk Inc [NASDAQ:ADSK] reported sales of 5.94B for trailing twelve months, representing a surge of 11.93%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.99.
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 298.20 points at the first support level, and at 295.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 302.75, and for the 2nd resistance point, it is at 304.26.
Ratios To Look Out For
It’s worth pointing out that Autodesk Inc [NASDAQ:ADSK]’s Current Ratio is 0.65. In addition, the Quick Ratio stands at 0.65 and the Cash Ratio stands at 0.32. Considering the valuation of this stock, the price to sales ratio is 11.04, the price to book ratio is 24.76 and price to earnings (TTM) ratio is 59.84.
Transactions by insiders
Recent insider trading involved NORRINGTON LORRIE M, Director, that happened on Dec 11 ’24 when 1778.0 shares were sold. Director, LORRIE NORRINGTON completed a deal on Dec 11 ’24 to buy 1778.0 shares. Meanwhile, Director NORRINGTON LORRIE M sold 1778.0 shares on Dec 06 ’24.
