There Is A Quest For Clarity Surrounding Autodesk Inc. (NASDAQ: ADSK) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Autodesk appoints Joe Speicher as its first chief sustainability officer.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $253.81 and fluctuated between $256.93 as its day high and $251.73 as its day low. The current market capitalization of Autodesk Inc. is $54.29B. A total of 2.01 million shares were traded on the day, compared to an average of 1.39M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ADSK has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 1,470 shares. Over the last 12 months, there were 33 BUYs and 48 SELLs from insiders. Insiders purchased 189,751 shares during that period but sold 127,914.

In the most recent transaction, MCDOWELL MARY T sold 2,500 shares of ADSK for 250.00 per share on Jan 22. After the transaction, the Director now owns 39,316 company shares. In a previous transaction on Jan 19, Smith Stacy J sold 7,554 shares at 244.00 per share. ADSK shares that Director owns now total 19,934.

Among the insiders who sold shares, MCDOWELL MARY T disposed of 550 shares on Jan 16 at a per-share price of $240.28. This resulted in the Director holding 41,816 shares of ADSK after the transaction. In another insider transaction, Smith Stacy J sold 5,000 shares at $244.00 per share on Dec 22. Company shares held by the Director now total 27,488.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ADSK in the last 3 months, the mean price target is $247.16 with high estimates of $285.00 and low estimates of $180.00. In terms of 52-week highs and lows, ADSK has a high of $257.63 and a low of $188.38.

As of this writing, ADSK has an earnings estimate of $1.95 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.98 per share and a lower estimate of $1.93. The company reported an EPS of $1.91 in the last quarter, which was 11.00% higher than expectations of $1.72.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $6.93, while its Total Shareholder’s Equity was $849.00M.

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, 0 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 Buy with a score of 4.21.

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