Cadence Design Systems Inc. (NASDAQ: CDNS)’s stock price has surge by 10.22relation to previous closing price of 203.67. Nevertheless, the company has seen a 3.53% surge in its stock price over the last five trading sessions. Barrons Online reported on 02/13/23 that Why Fidelity National Stock Is the Market’s Worst Performer
Is It Worth Investing in Cadence Design Systems Inc. (NASDAQ: CDNS) Right Now?
Cadence Design Systems Inc. (NASDAQ: CDNS) has a price-to-earnings ratio of 71.88x that is above its average ratio. Additionally, the 36-month beta value for CDNS is 1.06. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for CDNS is $226.25, which is $2.62 above the current price. The public float for CDNS is 270.03M and currently, short sellers hold a 1.39% ratio of that float. The average trading volume of CDNS on May 26, 2023 was 1.77M shares.
CDNS’s Market Performance
CDNS’s stock has seen a 3.53% increase for the week, with a 10.25% rise in the past month and a 15.87% gain in the past quarter. The volatility ratio for the week is 3.21%, and the volatility levels for the past 30 days are at 2.32% for Cadence Design Systems Inc. The simple moving average for the past 20 days is 8.59% for CDNS’s stock, with a 24.12% simple moving average for the past 200 days.
CDNS Trading at 7.80% from the 50-Day Moving Average
After a stumble in the market that brought CDNS to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.47% of gains for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 3.21%, as shares surge +8.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.62% upper at present.
During the last 5 trading sessions, CDNS rose by +3.53%, which changed the moving average for the period of 200-days by +21.60% in comparison to the 20-day moving average, which settled at $207.56. In addition, Cadence Design Systems Inc. saw 39.75% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CDNS starting from BECKLEY THOMAS P, who sale 50,000 shares at the price of $217.29 back on May 19. After this action, BECKLEY THOMAS P now owns 185,761 shares of Cadence Design Systems Inc., valued at $10,864,713 using the latest closing price.
BECKLEY THOMAS P, the Sr. Vice President of Cadence Design Systems Inc., sale 76,003 shares at $209.33 during a trade that took place back on May 18, which means that BECKLEY THOMAS P is holding 185,761 shares at $15,909,771 based on the most recent closing price.
Stock Fundamentals for CDNS
Current profitability levels for the company are sitting at:
- +30.15 for the present operating margin
- +89.05 for the gross margin
The net margin for Cadence Design Systems Inc. stands at +23.84. The total capital return value is set at 31.17, while invested capital returns managed to touch 25.24. Equity return is now at value 31.10, with 17.40 for asset returns.
Based on Cadence Design Systems Inc. (CDNS), the company’s capital structure generated 33.67 points at debt to equity in total, while total debt to capital is 25.19. Total debt to assets is 17.99, with long-term debt to equity ratio resting at 28.68. Finally, the long-term debt to capital ratio is 21.46.
When we switch over and look at the enterprise to sales, we see a ratio of 15.10, with the company’s debt to enterprise value settled at 0.02. The receivables turnover for the company is 8.34 and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
In conclusion, Cadence Design Systems Inc. (CDNS) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.