Autodesk Inc. (NASDAQ:ADSK) shares, rose in value on Friday, August 09, with the stock price up by 0.48% to the previous day’s close as strong demand from buyers drove the stock to $240.44.
Actively observing the price movement in the last trading, the stock closed the session at $239.29. The PE ratio was 52.10 over 12-month period. Referring to stock’s 52-week performance, its high was $279.53, and the low was $192.01. On the whole, ADSK has fluctuated by -3.35% over the past month.
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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ADSK’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.33, with the price of ADSK currently trading nearly -0.81% and 1.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.89, while the 7-day volatility ratio is showing 2.64% which for the 30-day chart, stands at 2.38%. Furthermore, Autodesk Inc. (ADSK)’s beta value is 1.47, and its average true range (ATR) is 6.53.
A comparison of Autodesk Inc. (ADSK) with its peers suggests the former has fared considerably weaker in the market. ADSK showed an intraday change of 0.48% in last session, and over the past year, it grew by 17.42%%.
Data on historical trading for Autodesk Inc. (NASDAQ:ADSK) indicates that the trading volumes over the past 3 months, they’ve averaged 2.02 million. According to company’s latest data on outstanding shares, there are 215.51 million shares outstanding.
Nearly 0.26% of Autodesk Inc.’s shares belong to company insiders and institutional investors own 88.43% of the company’s shares. The stock has fallen by -1.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ADSK stock heading into the next quarter.
