Autodesk Inc. (ADSK) Outlook Starting To Look Brighter?

Autodesk Inc. (ADSK) concluded trading on Wednesday at a closing price of $214.92, with 6.35 million shares of worth about $1.36 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.48% during that period and on April 17, 2024 the price saw a loss of about -5.84%. Currently the company’s common shares owned by public are about 215.00M shares, out of which, 213.32M shares are available for trading.

Stock saw a price change of -10.08% in past 5 days and over the past one month there was a price change of -15.78%. Year-to-date (YTD), ADSK shares are showing a performance of -11.73% which increased to 9.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $188.38 but also hit the highest price of $279.53 during that period. The average intraday trading volume for Autodesk Inc. shares is 1.32 million. The stock is currently trading -14.11% below its 20-day simple moving average (SMA20), while that difference is down -15.56% for SMA50 and it goes to -5.31% lower than SMA200.

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Autodesk Inc. (NASDAQ: ADSK) currently have 215.00M outstanding shares and institutions hold larger chunk of about 92.39% of that.

The stock has a current market capitalization of $45.97B and its 3Y-monthly beta is at 1.44. PE ratio of stock for trailing 12 months is 51.13, while it has posted earnings per share of $4.20 in the same period. Its PEG reads 4.21 and has Quick Ratio of 0.75 while making debt-to-equity ratio of 1.42. 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 3.14% while standing at 2.22% over the month.

Analysts are in expectations that Autodesk Inc. (ADSK) stock would likely to be making an EPS of $ADS-TEC ENERGY PLC in the current quarter, while forecast for next quarter EPS is $10.80 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $ALLIED SECURITY INNOVATIONS INC which is $ADSN 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 $ADK in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.15% while it is estimated to increase by 12.96% in next year.

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. Coverage by HSBC Securities stated Autodesk Inc. (ADSK) stock as a Hold in their note to investors on September 29, 2023, suggesting a price target of $214 for the stock. Stock get a Buy rating from Berenberg on January 11, 2023.

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