Autodesk Inc. [NASDAQ: ADSK] stock went on a downward path that fall over -1.57% on Thursday, amounting to a one-week price decrease of less than -1.12%.
Over the last 12 months, ADSK stock rose by 14.72%. The one-year Autodesk Inc. stock forecast points to a potential upside of 14.82. The average equity rating for ADSK stock is currently 1.85, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $54.13 billion, with 215.00 million shares outstanding and 214.19 million shares in the current float. Compared to the average trading volume of 1.75M shares, ADSK stock reached a trading volume of 2386135 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Autodesk Inc. [ADSK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ADSK shares is $295.59 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ADSK stock is a recommendation set at 1.85. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
HSBC Securities have made an estimate for Autodesk Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 03, 2024. While these analysts kept the previous recommendation, Goldman raised their target price from $225 to $295. The new note on the price target was released on September 03, 2024, representing the official price target for Autodesk Inc. stock. Previously, the target price had yet another raise from $254 to $287, while BMO Capital Markets kept a Market Perform rating on ADSK stock.
The Average True Range (ATR) for Autodesk Inc. is set at 6.20, with the Price to Sales ratio for ADSK stock in the period of the last 12 months amounting to 9.37. The Price to Book ratio for the last quarter was 21.88, with the Price to Cash per share for the same quarter was set at 8.73. Price to Free Cash Flow for ADSK in the course of the last twelve months was 47.90 with Quick ratio for the last quarter at 0.64.
ADSK Stock Performance Analysis:
Autodesk Inc. [ADSK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.12. With this latest performance, ADSK shares gained by 7.49% in over the last four-week period, additionally plugging by 0.27% over the last 6 months – not to mention a rise of 14.72% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ADSK stock in for the last two-week period is set at 52.83, with the RSI for the last a single of trading hit 48.54, and the three-weeks RSI is set at 54.19 for Autodesk Inc. [ADSK]. The present Moving Average for the last 50 days of trading for this stock 246.72, while it was recorded at 256.40 for the last single week of trading, and 238.88 for the last 200 days.
Insight into Autodesk Inc. Fundamentals:
Autodesk Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.64 and a Current Ratio set at 0.64.
ADSK Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ADSK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Autodesk Inc. go to 11.39%.
Autodesk Inc. [ADSK] Institutonal Ownership Details
There are presently around $94.98%, or 95.15%% of ADSK stock, in the hands of institutional investors. The top three institutional holders of ADSK stocks are: VANGUARD GROUP INC with ownership of 19.92 million shares, which is approximately 9.2636%. BLACKROCK INC., holding 19.44 million shares of the stock with an approximate value of $$4.81 billion in ADSK stocks shares; and BLACKROCK INC., currently with $$2.36 billion in ADSK stock with ownership which is approximately 4.4277%.
