ADSK Stock Summary and Trading Ideas (Autodesk | NASDAQ:ADSK)

Founded in 1982, Autodesk is an application software company that serves industries in architecture, engineering, and construction; product design and manufacturing; and media and entertainment. Autodesk software enables design, modeling, and rendering needs of these industries. The company has over 4 million paid subscribers across 180 countries.

Autodesk trades on the NASDAQ stock market under the symbol ADSK.

As of September 25, 2023, ADSK stock price climbed to $205.67 with 1,013,197 million shares trading.

ADSK has a beta of 1.82, meaning it tends to be more sensitive to market movements. ADSK has a correlation of 0.63 to the broad based SPY ETF.

ADSK has a market cap of $43.96 billion. This is considered a Large Cap stock.

Last quarter Autodesk reported $1 billion in Revenue and $1.91 earnings per share. This beat revenue expectation by $25 million and exceeded earnings estimates by $.19.

In the last 3 years, ADSK stock traded as high as $344.39 and as low as $163.20.

The top ETF exchange traded funds that ADSK belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

ADSK has underperformed the market in the last year with a price return of +9.9% while the SPY ETF gained +17.2%. However, in the short term, ADSK had mixed performance relative to the market. It has outperformed in the last 3 months, returning -0.5% vs -0.6% return in SPY. But in the last 2 weeks, ADSK shares have been beat by the market, returning -6.2% compared to an SPY return of -2.6%.

ADSK support price is $201.00 and resistance is $207.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ADSK stock will trade within this expected range on the day.