Autodesk Inc. (NASDAQ: ADSK) is -31.57% lower on its value in year-to-date trading and has touched a low of $163.20 and a high of $335.48 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ADSK stock was last observed hovering at around $194.97 in the last trading session, with the day’s loss setting it -2.55% off its average median price target of $257.00 for the next 12 months. It is also 45.8% off the consensus price target high of $355.00 offered by 24 analysts, but current levels are -4.01% lower than the price target low of $185.00 for the same period.
Currently trading at $192.42, the stock is -6.43% and -7.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing -1.31% at the moment leaves the stock -10.77% off its SMA200. ADSK registered -32.05% loss for a year compared to 6-month loss of -11.19%.
The stock witnessed a -11.08% gain in the last 1 month and extending the period to 3 months gives it a 13.76%, and is -7.72% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.36% over the week and 3.48% over the month.
Autodesk Inc. (ADSK) has around 12600 employees, a market worth around $42.88B and $4.74B in sales. Current P/E ratio is 75.85 and Fwd P/E is 24.67. Profit margin for the company is 11.80%. Distance from 52-week low is 17.90% and -42.64% from its 52-week high. The company has generated returns on investments over the last 12 months (15.80%).
Autodesk Inc. (ADSK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Autodesk Inc. (ADSK) is a “Overweight”. 24 analysts offering their recommendations for the stock have an average rating of 1.90, where 8 rate it as a Hold and 2 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Autodesk Inc. is expected to release its quarterly report on 11/29/2022.The EPS is expected to shrink by -58.80% this year
Autodesk Inc. (ADSK) Top Institutional Holders
The shares outstanding are 217.00M, and float is at 215.07M with Short Float at 1.11%.
Autodesk Inc. (ADSK) Insider Activity
A total of 46 insider transactions have happened at Autodesk Inc. (ADSK) in the last six months, with sales accounting for 20 and purchases happening 26 times. The most recent transaction is an insider sale by Hope Stephen W., the company’s VP & Chief Accounting Officer. SEC filings show that Hope Stephen W. sold 443 shares of the company’s common stock on Sep 06 at a price of $200.29 per share for a total of $88728.0. Following the sale, the insider now owns 3743.0 shares.
Autodesk Inc. disclosed in a document filed with the SEC on Aug 29 that Anagnost Andrew (President and CEO) sold a total of 34,366 shares of the company’s common stock. The trade occurred on Aug 29 and was made at $206.87 per share for $7.11 million. Following the transaction, the insider now directly holds 76968.0 shares of the ADSK stock.
Still, SEC filings show that on Jul 12, Hope Stephen W. (VP & Chief Accounting Officer) disposed off 327 shares at an average price of $177.43 for $58020.0. The insider now directly holds 4,186 shares of Autodesk Inc. (ADSK).
Autodesk Inc. (ADSK): Who are the competitors?
The company’s main competitors (and peers) include Adobe Inc. (ADBE) that is trading -55.67% down over the past 12 months and Oracle Corporation (ORCL) that is -23.21% lower over the same period.