As of Thursday close, Autodesk Inc.’s (NASDAQ:ADSK) stock was down -$3.67, moving down -1.77 percent to $204.06. The average number of shares traded per day over the past five days has been 1,325,200 shares. 1 time new highs have been achieved over the past 5 days, with a -$12.61 fall in that time frame. In the last twenty days, the average volume was 1,375,715, while in the previous 50 days, it was 1,403,898.
Since last month, ADSK stock rose 1.73%. Shares of the company fell to $200.00 on 08/22/23, the lowest level in the past month. A 52-week high of $233.69 was reached on 02/02/23 after having rallying from a 52-week low of $179.61. Since the beginning of this year, ADSK’s stock price has risen by 9.20% or $17.19, and marked a new high 12 times. However, the stock has declined by -12.68% since its 52-week high.
ADSK stock investors should be aware that Autodesk Inc. (ADSK) stock had its last reported insider trading activity 21 days ago on Sep 01. Anagnost Andrew, the President and CEO of the company, disposed of 22,318 shares for $221.90 on Sep 01. It resulted in a $4,952,371 divestment by the insider. RAFAEL BETSY sold 309 shares at an average price of $224.07 on Sep 01. The insider now owns 4,163 shares following the transaction. On Aug 31, Director MCDOWELL MARY T sold 4,656 shares at $222.04 apiece. The transaction was valued at $1,033,818.
Valuation Metrics
Right now, Autodesk Inc. (ADSK) has a P/E ratio of about 50.59. The stock’s beta is 1.49. Besides these, the trailing price-to-sales (P/S) ratio of 8.50, the price-to-book (PB) ratio of 36.18, and the price-to-cash flow ratio of 20.19 may also be considered.
Financial Health
In the three months ended July 30, Autodesk Inc.’s quick ratio stood at 0.70, while its current ratio was 0.70, 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 July 30 was 1.89, and the total debt-to-equity ratio was 1.89. On the profitability front, the trailing twelve-month gross margin is 90.40% percent. In the year ended July 30, EBITDA margin amounted to 23.05%, whereas operating margins totaled 19.40%. Based on annual data, ADSK earned $4.53 billion in gross profit and brought in $5.0 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 25.30%. Return on equity (ROE) for the past 12 months was 84.20%.
In Autodesk Inc.’s quarter-end financial report for July 30, it reported total debt of $2.28 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ADSK’s revenue rose 8.03% to $1.27 billion during the quarter, while net income inched up to $1.34 billion. While analysts expected Autodesk Inc. to report $1.72 quarterly earnings, the actual figure was $1.91 per share, beating the consensus estimate by 11.00%. During the quarter, the company generated $295.0 million in EBITDA. The liabilities of Autodesk Inc. were 7.9 billion at the end of its most recent quarter ended July 30, and its total debt was $2.66 billion. The value of shareholders’ equity is $213.76 million.
Technical Picture
This quick technical analysis looks at Autodesk Inc.’s (ADSK) price momentum. With a historical volatility rate of 22.33%, the RSI 9-day stood at 29.34% on 21 September.
With respect to its five-day moving average, the current Autodesk Inc. price is down by -5.82% percent or -$12.61. At present, ADSK shares trade -0.15% below its 20-day simple moving average and +4.76% percent above its 100-day simple moving average. However, the stock is currently trading approximately -5.23% below its SMA50 and +1.47% above its SMA200.
Stochastic coefficient K was 8.18% and Stochastic coefficient D was 14.23%, while ATR was 4.61. Given the Stochastic reading of 4.11% for the 14-day period, the RSI (14) reading has been calculated as 37.37%. As of today, the MACD Oscillator reading stands at -4.29, while the 14-day reading stands at -7.20.
Analyst Ratings
BMO Capital Markets launched its rating on Autodesk Inc. (NASDAQ: ADSK) to a Market perform in a note to investors on May 24, 2023. Autodesk Inc. (ADSK) has been rated Overweight by analysts. According to 1 brokerage firm, ADSK is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Autodesk Inc. stock as buy, with 15 recommending it as overweight.
With a median target price of $240.00, the current consensus forecast for the stock is $178.00 – $270.00. Based on these forecasts, analysts predict Autodesk Inc. (ADSK) will achieve an average price target of $238.00.
