A new trading day began on Tuesday, with Autodesk Inc. (NASDAQ: ADSK) stock price down -0.45% from the previous day of trading, before settling in for the closing price of $289.78. ADSK’s price has ranged from $192.01 to $294.13 over the past 52 weeks.
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Annual sales at Technology sector company grew by 16.24% over the past five years. Meanwhile, its annual earnings per share averaged 8.90%. With a float of $214.21 million, this company’s outstanding shares have now reached $215.00 million.
Let’s look at the performance matrix of the company that is accounted for 14100 employees. In terms of profitability, gross margin is 90.61%, operating margin of 22.59%, and the pretax margin is 22.74%.
Autodesk Inc. (ADSK) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Autodesk Inc. is 0.37%, while institutional ownership is 91.85%. The most recent insider transaction that took place on Oct 15 ’24, was worth 156,920. In this transaction Director of this company sold 550 shares at a rate of $285.31, taking the stock ownership to the 30,799 shares. Before that another transaction happened on Oct 15 ’24, when Company’s Director proposed sale 550 for $285.31, making the entire transaction worth $156,920.
Autodesk Inc. (ADSK) Performance Highlights and Predictions
In its latest quarterly report, released on 7/31/2024, the company reported earnings of 2.07 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 8.90% per share during the next fiscal year.
Autodesk Inc. (NASDAQ: ADSK) Trading Performance Indicators
Here are Autodesk Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.74. Likewise, its price to free cash flow for the trailing twelve months is 54.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.88, a number that is poised to hit 2.12 in the next quarter and is forecasted to reach 9.18 in one year’s time.
Technical Analysis of Autodesk Inc. (ADSK)
Autodesk Inc. (NASDAQ: ADSK) saw its 5-day average volume 1.39 million, a negative change from its year-to-date volume of 1.6 million. As of the previous 9 days, the stock’s Stochastic %D was 81.50%. Additionally, its Average True Range was 4.79.
During the past 100 days, Autodesk Inc.’s (ADSK) raw stochastic average was set at 94.28%, which indicates a significant increase from 79.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.84% in the past 14 days, which was lower than the 25.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $265.70, while its 200-day Moving Average is $246.29. Nevertheless, the first resistance level for the watch stands at $290.59 in the near term. At $292.69, the stock is likely to face the second major resistance level. The third major resistance level sits at $294.86. If the price goes on to break the first support level at $286.31, it is likely to go to the next support level at $284.14. Assuming the price breaks the second support level, the third support level stands at $282.04.
Autodesk Inc. (NASDAQ: ADSK) Key Stats
With a market capitalization of 62.02 billion, the company has a total of 215,509K Shares Outstanding. Currently, annual sales are 5,497 M while annual income is 906,000 K. The company’s previous quarter sales were 1,505 M while its latest quarter income was 282,000 K.
