Autodesk Inc. (ADSK) Price Targets: What Do They Mean?

At the last check on Thursday, Autodesk Inc.’s (NASDAQ:ADSK) stock was up $11.8, moving up 6.97 percent to $180.95. The average number of shares traded per day over the past five days has been 1,866,469 shares. 3 times new highs have been achieved over the past 5 days, with a $3.19 gain in that time frame. In the last twenty days, the average volume was 1,727,842, while in the previous 50 days, it was 1,861,717.

Since last month, ADSK stock retreated -11.63%. Shares of the company fell to $163.20 on 06/16/22, the lowest level in the past month. A 52-week high of $344.39 was reached on 01/03/22 after having rallying from a 52-week low of $163.20. Since the beginning of this year, ADSK’s stock price has dropped by -39.84% or -$101.29, and marked a new high 1 time. However, the stock has declined by -47.46% since its 52-week high.

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Autodesk Inc. (ADSK) last reported insider trading activity 23 days ago on May 31. Pearce Rebecca, the EVP, Chief People Officer of the company, disposed of 1,608 shares for $207.86 on May 31. It resulted in a $334,244 divestment by the insider. Hope Stephen W. sold 59 shares at an average price of $215.75 on Apr 01. The insider now owns 2,902 shares following the transaction. On Mar 28, VP & Chief Accounting Officer Hope Stephen W. sold 1,626 shares at $212.30 apiece. The transaction was valued at $345,200.

Valuation Metrics

Right now, Autodesk Inc. (ADSK) has a P/E ratio of about 76.75. The stock’s beta is 1.47. Besides these, the trailing price-to-sales (P/S) ratio of 7.88, the price-to-book (PB) ratio of 53.87, and the price-to-cash flow ratio of 22.76 may also be considered.

Financial Health

In the three months ended January 30, Autodesk Inc.’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending January 30 was 3.35, and the total debt-to-equity ratio was 3.86. On the profitability front, the trailing twelve-month gross margin is 90.30% percent. In the year ended January 30, operating margins totaled 15.30%. Based on annual data, ADSK earned $3.97 billion in gross profit and brought in $4.39 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.80%. Return on equity (ROE) for the past 12 months was 47.10%.

In Autodesk Inc.’s quarter-end financial report for January 30, it reported total debt of $2.28 billion against cash and short-term investments of $67.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ADSK’s revenue rose 15.44% to $615.6 million during the quarter, while net income inched up to $1.17 billion. While analysts expected Autodesk Inc. to report $1.44 quarterly earnings, the actual figure was $1.5 per share, beating the consensus estimate by 4.20%. During the quarter, the company generated $252.0 million in EBITDA. The liabilities of Autodesk Inc. were 7.58 billion at the end of its most recent quarter ended January 30, and its total debt was $3.06 billion. The value of shareholders’ equity is $217.27 million.

Technical Picture

This quick technical analysis looks at Autodesk Inc.’s (ADSK) price momentum. With a historical volatility rate of 70.07%, the RSI 9-day stood at 47.69% on 22 June.

With respect to its five-day moving average, the current Autodesk Inc. price is up by +1.81% percent or $3.19. At present, ADSK shares trade +0.19% above its 20-day simple moving average and -24.90% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.61% below its SMA50 and -37.42% below its SMA200.

Stochastic coefficient K was 17.63% and Stochastic coefficient D was 11.76%, while ATR was 8.67. Given the Stochastic reading of 34.02% for the 14-day period, the RSI (14) reading has been calculated as 45.86%. As of today, the MACD Oscillator reading stands at -0.97, while the 14-day reading stands at -12.27.

Analyst Ratings

Autodesk Inc. downgraded its rating on Autodesk Inc. (NASDAQ: ADSK) to a Hold in a note to investors on May 23, 2022. The analysts firm previously had a Buy rating on the stock.Autodesk Inc. (ADSK) has been rated Overweight by analysts. According to 1 brokerage firm, ADSK is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Autodesk Inc. stock as buy, with 12 recommending it as overweight.

With a median target price of $250.00, the current consensus forecast for the stock is $185.00 – $355.00. Based on these forecasts, analysts predict Autodesk Inc. (ADSK) will achieve an average price target of $249.82.


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