Taking a Look at the Data Behind Autodesk, Inc. (ADSK)

Autodesk, Inc. (ADSK) is an interesting player in the Technology space, with a focus on Technical & System Software. The stock has been active on the tape, currently trading at $138.85, up from yesterday’s close by 1.71%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Autodesk, Inc. (ADSK) currently trades with a market capitalization of $30.39 Billion. That value represents a market adjusting for revenues that have been growing by 15.66 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$49.8 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.03 on a per share basis this quarter. Perhaps, that suggests something about why 1.12% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Autodesk, Inc. recorded a 52-week high of $141.26. It is now trading 2.41% off that level. The stock is trading $131.15 its 50-day moving average by -7.7%. The stock carved out a 52-week low down at $93.07.

In recent action, Autodesk, Inc. (ADSK) has made a move of +6.73% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.62, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.62% with $218.69 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ADSK.

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