Autodesk Inc. (ADSK) concluded trading on 11/22/23 at a closing price of $202.66, with 4.28 million shares of worth about $868.11 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.00% during that period and on Wednesday the price saw a loss of about -6.90%. Currently the company’s common shares owned by public are about 215.00M shares, out of which, 213.05M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 28 analysts are covering the ADSK stock and their offered price forecasts bring an average price target of $232.35. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $260.00 and could fall to a lowest price of $180.00. The stock’s current price level is 12.78% above of average price target set by the analysts, while a rise to estimated low would result in loss of -12.59% for the stock. However, touching the estimated high of $260.00 would mean a gain of 22.05% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 92 times over the past 12 months. They bought 189,751 shares in 33 of the transactions. In 59 selling transactions, insiders dumped 131,805 shares.
Autodesk Inc. (NASDAQ: ADSK) started trading at $201.25, below -$16.42 from concluding price of the previous day. However, the stock later moved at a day high price of 208.55, or with a loss of -6.90%. Stock saw a price change of -6.22% in past 5 days and over the past one month there was a price change of -1.16%. Year-to-date (YTD), ADSK shares are showing a performance of 8.45% which decreased to -1.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $179.61 but also hit the highest price of $232.15 during that period. The average intraday trading volume for Autodesk Inc. shares is 1.23 million. The stock is currently trading -1.90% below its 20-day simple moving average (SMA20), while that difference is down -2.39% for SMA50 and it goes to -1.59% lower than SMA200.
Autodesk Inc. (NASDAQ: ADSK) currently have 215.00M outstanding shares and institutions hold larger chunk of about 90.36% of that.
The stock has a current market capitalization of $43.32B and its 3Y-monthly beta is at 1.44. PE ratio of stock for trailing 12 months is 47.70, while it has posted earnings per share of $4.25 in the same period. Its PEG reads 3.19 and has Quick Ratio of 0.73 while making debt-to-equity ratio of 1.79. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ADSK, volatility over the week remained 2.42% while standing at 2.36% over the month.
Analysts are in expectations that Autodesk Inc. (ADSK) stock would likely to be making an EPS of $2.01 in the current quarter, while forecast for next quarter EPS is $1.86 and it is $8.46 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.93 which is $2.15 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.86 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 12.86% while it is estimated to increase by 8.82% in next year.
Analysts at 28 brokerage firms have issued recommendations for the Autodesk Inc. (ADSK)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 28 Wall Street analysts, 13 recommended a “Buy” rating, while 10 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on November 22, 2023 offering a Neutral rating for the stock and assigned a target price range of between $240 and $215 to it.
