On Friday, Autodesk Inc. (NASDAQ: ADSK) opened lower -4.31% from the last session, before settling in for the closing price of $241.78. Price fluctuations for ADSK have ranged from $192.01 to $279.53 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 16.24% annually for the last half of the decade. Company’s average yearly earnings per share was noted 6.93% at the time writing. With a float of $214.94 million, this company’s outstanding shares have now reached $215.51 million.
In an organization with 14100 employees, it is important to assess its efficiency.
Autodesk Inc. (ADSK) Insider and Institutional Ownership
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 0.28%, while institutional ownership is 90.12%. The most recent insider transaction that took place on Jul 15 ’24, was worth 139,332. In this transaction Director of this company sold 550 shares at a rate of $253.33, taking the stock ownership to the 31,016 shares. Before that another transaction happened on Jul 11 ’24, when Company’s EVP, Chief Operating Officer sold 19,693 for $250.00, making the entire transaction worth $4,923,250. This insider now owns 34,443 shares in total.
Autodesk Inc. (ADSK) Latest Financial update
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 6.93% 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 8.90. Likewise, its price to free cash flow for the trailing twelve months is 47.26.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.45 million. That was inferior than the volume of 1.7 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 34.16%. Additionally, its Average True Range was 6.12.
During the past 100 days, Autodesk Inc.’s (ADSK) raw stochastic average was set at 48.99%, which indicates a significant increase from 2.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.05% in the past 14 days, which was lower than the 29.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $234.44, while its 200-day Moving Average is $233.90. However, in the short run, Autodesk Inc.’s stock first resistance to watch stands at $236.03. Second resistance stands at $240.69. The third major resistance level sits at $243.38. If the price goes on to break the first support level at $228.68, it is likely to go to the next support level at $225.99. The third support level lies at $221.33 if the price breaches the second support level.
Autodesk Inc. (NASDAQ: ADSK) Key Stats
There are currently 215,509K shares outstanding in the company with a market cap of 49.86 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.
