Autodesk Inc. (NASDAQ:ADSK) finished Wednesday with an addition of $2.53 to close at $207.30, an upside of 1.24 percent. An average of 1,096,061 shares of common stock have been traded in the last five days. There was a gain of $6.21 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,459,110 shares traded, while the 50-day average volume stands at 1,538,062.
ADSK stock has decreased by -3.72% in the last month. The company shares reached their 1-month lowest point of $198.86 on 08/08/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $179.61 and a high of $235.01 in 52 weeks. It has reached a new high 12 times so far this year and achieved 10.93% or $21.96 in price. In spite of this, the price is down -11.79% from the 52-week high.
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Insider Transactions
ADSK stock investors should be aware that Autodesk Inc. (ADSK) stock had its last reported insider trading activity 9 days ago on Aug 01. In this transaction, the insider spent $65,252. Director, RAFAEL BETSY, disposed of 309 shares at a price of $203.00 on Jul 03. The insider now owns more than $62,727 worth of shares. Prior to that, Director RAFAEL BETSY went on to Sale 309 shares at $194.79 each on May 01. An amount of $60,190 was transacted.
Valuation Metrics
Autodesk Inc. (ADSK) has a trailing price-to-earnings (P/E) ratio of 53.77. The stock’s beta is 1.50. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.73, the price-to-book (PB) ratio at 49.71, and the price-to-cash flow ratio at 19.24.
Financial Health
The quick ratio of Autodesk Inc. for the three months ended April 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.54 and a total debt to equity ratio of 0.00 for the quarter ending April 29. Autodesk Inc.’s EBITDA margin for the year ending April 29 is 23.05%, while its operating margin for the same period stands at 19.40%. Its gross profit as reported stood at $4.53 billion compared to revenue of $5.0 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Autodesk Inc.’s return on assets was 9.50%.
Earnings Surprise
For the three-month period that ended April 29, Autodesk Inc. had $222.0 million in cash and short-term investments compared to $2.28 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $161.0 million in the quarter, while revenues were grew 9.32%. The analyst consensus anticipated Autodesk Inc.’s latest quarter earnings to come in at $1.55 per share, but it turned out to be $1.55, a 0.00% surprise. For the quarter, EBITDA amounted to $250.0 million. Shareholders own equity worth $213.73 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Autodesk Inc. (ADSK) price momentum. RSI 9-day as of the close on 09 August was 53.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.71%.
As of today, ADSK’s price is $204.42 +3.06% or $6.21 from its 5-day moving average. ADSK is currently trading -3.58% lower than its 20-day SMA and +4.88% higher than its 100-day SMA. However, the stock’s current price level is +7.07% above the SMA50 and +3.69% above the SMA200.
The stochastic %K and %D were 31.56% and 21.85%, respectively, and the average true range (ATR) was 5.16. With the 14-day stochastic at 46.61% and the average true range at 5.27, the RSI (14) stands at 51.59%. The stock has reached -0.61 on the 9-day MACD Oscillator while the 14-day reading was at -2.19.
Analyst Ratings
BMO Capital Markets launched coverage on Autodesk Inc. (NASDAQ: ADSK) in its analyst report released on May 24, 2023. The firm assigned the stock a Market perform rating. The consensus rating for Autodesk Inc. (ADSK) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell ADSK, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 15 others rate it as a “buy”.
What is ADSK’s price target for the next 12 months?
Analysts predict a range of price targets between $175.00 and $265.00, with a median target of $237.50. Taking a look at these predictions, the average price target given by analysts for Autodesk Inc. (ADSK) stock is $231.06.
