On Friday, Autodesk Inc. (NASDAQ: ADSK) opened lower -0.49% from the last session, before settling in for the closing price of $243.51. Price fluctuations for ADSK have ranged from $192.01 to $279.53 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 16.24%. Company’s average yearly earnings per share was noted 6.94% at the time writing. With a float of $214.94 million, this company’s outstanding shares have now reached $215.51 million.
Considering the fact that the conglomerate employs 14100 people, you should pay attention to its efficiency factor.
Autodesk Inc. (ADSK) Insider Activity
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Autodesk Inc. is 0.26%, while institutional ownership is 90.00%. The most recent insider transaction that took place on Jun 17 ’24, was worth 129,250. In this transaction Director of this company sold 550 shares at a rate of $235.00, taking the stock ownership to the 31,566 shares. Before that another transaction happened on Jun 14 ’24, when Company’s EVP, Chief Operating Officer sold 17,413 for $226.40, making the entire transaction worth $3,942,303. This insider now owns 54,136 shares in total.
Autodesk Inc. (ADSK) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 4/30/2024, the company posted 1.91 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.72) by 0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.94% per share during the next fiscal year.
Autodesk Inc. (NASDAQ: ADSK) Trading Performance Indicators
Check out the current performance indicators for Autodesk Inc. (ADSK). In the past quarter, the stock posted a quick ratio of 0.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.32. Likewise, its price to free cash flow for the trailing twelve months is 49.50.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.62, a number that is poised to hit 2.00 in the next quarter and is forecasted to reach 9.03 in one year’s time.
Technical Analysis of Autodesk Inc. (ADSK)
Compared to the last year’s volume of 1.77 million, its volume of 3.88 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 93.92%. Additionally, its Average True Range was 6.59.
During the past 100 days, Autodesk Inc.’s (ADSK) raw stochastic average was set at 55.80%, which indicates a significant decrease from 91.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.63% in the past 14 days, which was higher than the 29.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $219.18, while its 200-day Moving Average is $228.88. Nevertheless, the first resistance level for the watch stands at $245.21 in the near term. At $248.10, the stock is likely to face the second major resistance level. The third major resistance level sits at $251.88. If the price goes on to break the first support level at $238.53, it is likely to go to the next support level at $234.75. Should the price break the second support level, the third support level stands at $231.85.
Autodesk Inc. (NASDAQ: ADSK) Key Stats
There are currently 215,509K shares outstanding in the company with a market cap of 52.22 billion. Presently, the company’s annual sales total 5,497 M according to its annual income of 906,000 K. Last quarter, the company’s sales amounted to 1,417 M and its income totaled 252,000 K.
