The stock of Synopsys, Inc. (SNPS) has gone down by -1.09% for the week, with a 0.33% rise in the past month and a 15.17% rise in the past quarter. The volatility ratio for the week is 2.35%, and the volatility levels for the past 30 days are 2.51% for SNPS. The simple moving average for the last 20 days is -1.49% for SNPS stock, with a simple moving average of 13.43% for the last 200 days.
Is It Worth Investing in Synopsys, Inc. (NASDAQ: SNPS) Right Now?
Synopsys, Inc. (NASDAQ: SNPS) has a price-to-earnings ratio that is above its average at 62.46x. The stock has a 36-month beta value of 1.05. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for SNPS is 151.90M, and at present, short sellers hold a 2.09% of that float. On April 05, 2024, the average trading volume of SNPS was 1.30M shares.
SNPS) stock’s latest price update
Synopsys, Inc. (NASDAQ: SNPS) has seen a decline in its stock price by -2.03 in relation to its previous close of 578.87. However, the company has experienced a -1.09% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-04 that Many investors closely monitor insider buys, as they can provide meaningful insight into the longer-term picture of a company. And recently, they’ve been deploying cash for these five stocks.
Analysts’ Opinion of SNPS
Needham, on the other hand, stated in their research note that they expect to see SNPS reach a price target of $660, previously predicting the price at $500. The rating they have provided for SNPS stocks is “Buy” according to the report published on November 30th, 2023.
Morgan Stanley gave a rating of “Overweight” to SNPS, setting the target price at $600 in the report published on November 10th of the previous year.
SNPS Trading at 0.33% from the 50-Day Moving Average
After a stumble in the market that brought SNPS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.89% of loss for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares sank -1.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.32% upper at present.
During the last 5 trading sessions, SNPS fell by -1.09%, which changed the moving average for the period of 200-days by +28.54% in comparison to the 20-day moving average, which settled at $575.24. In addition, Synopsys, Inc. saw 10.14% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SNPS starting from CASPER MARC N, who purchase 750 shares at the price of $585.45 back on Mar 25 ’24. After this action, CASPER MARC N now owns 1,736 shares of Synopsys, Inc., valued at $439,087 using the latest closing price.
VALLEE ROY, the Director of Synopsys, Inc., sale 10,000 shares at $572.66 during a trade that took place back on Feb 27 ’24, which means that VALLEE ROY is holding 20,000 shares at $5,726,595 based on the most recent closing price.
Stock Fundamentals for SNPS
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.79 for the gross margin
The net margin for Synopsys, Inc. stands at 0.23. The total capital return value is set at 0.17. Equity return is now at value 22.87, with 13.99 for asset returns.
Based on Synopsys, Inc. (SNPS), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 14.14. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 12.9.
Currently, EBITDA for the company is 1.67 billion with net debt to EBITDA at -0.28. When we switch over and look at the enterprise to sales, we see a ratio of 14.04. The receivables turnover for the company is 5.76for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
To sum up, Synopsys, Inc. (SNPS) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
