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 April 19, 2024, ADSK stock price climbed to $214.17 with 350,862 million shares trading.

ADSK has a beta of 1.59, meaning it tends to be more sensitive to market movements. ADSK has a correlation of 0.46 to the broad based SPY ETF.

ADSK has a market cap of $45.78 billion. This is considered a Large Cap stock.

Last quarter Autodesk reported $1 billion in Revenue and $2.09 earnings per share. This beat revenue expectation by $39 million and exceeded earnings estimates by $.14.

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, VUG.

ADSK has underperformed the market in the last year with a price return of +8.5% while the SPY ETF gained +22.3%. ADSK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.2% and -12.5%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

ADSK support price is $206.52 and resistance is $214.74 (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.