12.2 C
New York
Monday, June 5, 2023

What Are The Chances Of Autodesk Inc. (NASDAQ: ADSK) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Autodesk Inc. (ADSK) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$2.88, or -1.47%, to $193.59. The Autodesk Inc. has recorded 78,569 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Autodesk extends invitation to join financial results conference call.

Unlock the Hottest Top 10 Penny Stocks Today! Discover Now

Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.

Gain Access to Top 10 Penny Stocks Now!.


Stocks Info

As a NASDAQ listed company, ADSK falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $196.47 and fluctuated between $197.31 as its day high and $193.38 as its day low. The current market capitalization of Autodesk Inc. is $41.18B. A total of 0.92 million shares were traded on the day, compared to an average of 1.45M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ADSK has seen 9 BUY and 25 SELL insider trades, representing the acquisition of 88,286 and the disposition of 87,967 shares. Over the last 12 months, there were 26 BUYs and 53 SELLs from insiders. Insiders purchased 107,530 shares during that period but sold 133,773.

In the most recent transaction, RAFAEL BETSY sold 309 shares of ADSK for 194.79 per share on May 01. After the transaction, the Director now owns 4,197 company shares. In a previous transaction on Apr 03, RAFAEL BETSY sold 309 shares at 205.09 per share. ADSK shares that Director owns now total 4,506.

Among the insiders who sold shares, Hope Stephen W. disposed of 68 shares on Apr 03 at a per-share price of $205.09. This resulted in the VP & Chief Accounting Officer holding 1,554 shares of ADSK after the transaction. In another insider transaction, Clifford Deborah sold 3,815 shares at $196.75 per share on Mar 28. Company shares held by the EVP, Chief Financial Officer now total 18,209.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ADSK in the last 3 months, the mean price target is $231.65 with high estimates of $265.00 and low estimates of $175.00. In terms of 52-week highs and lows, ADSK has a high of $235.01 and a low of $163.20.

As of this writing, ADSK has an earnings estimate of $1.55 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $1.68 per share and a lower estimate of $1.5.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ADSK’s latest balance sheet shows that the firm has $1.76B in Cash & Short Term Investments as of fiscal 2022. There were $3.06B in debt and $4.01B in liabilities at the time. Its Book Value Per Share was $5.38, while its Total Shareholder’s Equity was $849.10M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 28 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ADSK is Sell with a score of 4.21. A total of 16 analysts rated the stock as Buy while 2 rated it as Overweight while 8 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles