Synopsys, Inc. (NASDAQ: SNPS)’s stock price has plunge by 2.33relation to previous closing price of 515.49. Nevertheless, the company has seen a -2.51% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-22 that Synopsys (SNPS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
Is It Worth Investing in Synopsys, Inc. (NASDAQ: SNPS) Right Now?
The price-to-earnings ratio for Synopsys, Inc. (NASDAQ: SNPS) is above average at 58.09x, Company’s 36-month beta value is 1.08.Analysts have differing opinions on the stock, 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 currently, short sellers hold a 2.26% ratio of that floaft. The average trading volume of SNPS on April 24, 2024 was 1.08M shares.
SNPS’s Market Performance
SNPS stock saw a decrease of -2.51% in the past week, with a monthly decline of -11.23% and a quarterly a decrease of -3.90%. The volatility ratio for the week is 3.00%, and the volatility levels for the last 30 days are 2.35% for Synopsys, Inc. (SNPS). The simple moving average for the past 20 days is -5.52% for SNPS’s stock, with a 3.90% simple moving average for the past 200 days.
Analysts’ Opinion of SNPS
Many brokerage firms have already submitted their reports for SNPS stocks, with Piper Sandler repeating the rating for SNPS by listing it as a “Overweight.” The predicted price for SNPS in the upcoming period, according to Piper Sandler is $665 based on the research report published on April 04, 2024 of the current year 2024.
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 -6.80% 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 -16.19% of loss for the given period.
Volatility was left at 2.35%, however, over the last 30 days, the volatility rate increased by 3.00%, as shares sank -9.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.31% lower at present.
During the last 5 trading sessions, SNPS fell by -2.51%, which changed the moving average for the period of 200-days by +22.31% in comparison to the 20-day moving average, which settled at $555.45. In addition, Synopsys, Inc. saw 2.45% 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 RUNKEL JOHN F JR, who sale 5,319 shares at the price of $579.37 back on Apr 03 ’24. After this action, RUNKEL JOHN F JR now owns 20,000 shares of Synopsys, Inc., valued at $3,081,663 using the latest closing price.
CASPER MARC N, the Director of Synopsys, Inc., purchase 750 shares at $585.45 during a trade that took place back on Mar 25 ’24, which means that CASPER MARC N is holding 1,736 shares at $439,087 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 13.05. 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
In a nutshell, Synopsys, Inc. (SNPS) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
