Morgan Stanley raised the price target for the Autodesk Inc. (NASDAQ:ADSK) stock to “an Equal-weight”. The rating was released on August 19, 2021. The research report from Stifel has initiated the stock to Buy, with a price target set at $342. The stock was resumed by Credit Suisse, who disclosed in a research note on March 16, 2021, to Outperform and set the price objective to $340. In their research brief published January 22, 2021, Goldman analysts initiated the Autodesk Inc. stock to Sell with a price target of $270.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Autodesk Inc. (NASDAQ:ADSK) dipped -9.37% to close Thursday’s market session at $310.19, lower as compared to yesterday’s close. The stock price fluctuated between $308.025 and $324.00 throughout the trading session with the volume trading being 5439097 shares, which represented a significant variation when compared to the three months average volume of 1.13 million shares. The firm’s stock price fluctuated -6.10% within the last five trades and -0.94% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 12.39% in the last 6 months and 8.20% was added to its value over the previous 3 months. ADSK stock is trading at a margin of -6.04%, 0.51% and 6.76% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ADSK deals in the Technology domain. The stock is trading -9.93 percent below its 52-week high and 43.72 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 24.5. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Autodesk Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 16.20 percent and the profit margin is 33.30 percent, and the company has reported a gross margin of 91.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $67.42 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Autodesk Inc. (NASDAQ:ADSK) is 53.11. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 45.19. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 17.31 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 60.35, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of Autodesk Inc. shares are owned by insiders, and 90.50 percent are held by financial institutions. Hope Stephen W., the VP & Chief Accounting Officer at Autodesk Inc. (ADSK) has sold 622 shares of firm on Mar 31 at a price of $269.79 against the total amount of $0.17 million. In another inside trade, Di Fronzo Pascal W, EVP, Corp Affairs, CLO & Sec of Autodesk Inc. (NASDAQ:ADSK) sold 4,976 shares of the firm on Mar 31 for a total worth of $1.37 million at a price of $275.39. An inside trade which took place on Mar 31, Chief Revenue Officer of Autodesk Inc. Blum Steven M sold 9,195 shares of firm against total price of $2.54 million at the cost of $275.92 per share.