The stock of Synopsys, Inc. (SNPS) has gone down by -2.99% for the week, with a -7.10% drop in the past month and a 4.90% rise in the past quarter. The volatility ratio for the week is 3.66%, and the volatility levels for the past 30 days are 2.61% for SNPS. The simple moving average for the last 20 days is -7.73% for SNPS stock, with a simple moving average of 0.94% for the last 200 days.
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 60.20x. The 36-month beta value for SNPS is also noteworthy at 1.07. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SNPS is 152.41M, and at present, short sellers hold a 2.62% of that float. The average trading volume of SNPS on July 25, 2024 was 828.06K shares.
SNPS) stock’s latest price update
Synopsys, Inc. (NASDAQ: SNPS)’s stock price has decreased by -5.95 compared to its previous closing price of 588.33. However, the company has seen a -2.99% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-07-23 that Synopsys (SNPS) closed at $588.33 in the latest trading session, marking a +0.11% move from the prior day.
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 -5.88% 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 -12.08% of loss for the given period.
Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 3.66%, as shares sank -7.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.61% lower at present.
During the last 5 trading sessions, SNPS fell by -2.99%, which changed the moving average for the period of 200-days by +20.35% in comparison to the 20-day moving average, which settled at $597.32. In addition, Synopsys, Inc. saw 7.46% 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 DE GEUS AART, who sale 493 shares at the price of $620.60 back on Jul 15 ’24. After this action, DE GEUS AART now owns 106,983 shares of Synopsys, Inc., valued at $305,954 using the latest closing price.
DE GEUS AART, the EXECUTIVE CHAIR of Synopsys, Inc., sale 4,588 shares at $621.68 during a trade that took place back on Jul 11 ’24, which means that DE GEUS AART is holding 106,983 shares at $2,852,273 based on the most recent closing price.
Stock Fundamentals for SNPS
Current profitability levels for the company are sitting at:
- 0.23 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 22.08, with 13.78 for asset returns.
Based on Synopsys, Inc. (SNPS), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 12.55. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 12.62.
Currently, EBITDA for the company is 1.67 billion with net debt to EBITDA at -0.51. When we switch over and look at the enterprise to sales, we see a ratio of 13.55. The receivables turnover for the company is 4.53for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.86.
Conclusion
In summary, Synopsys, Inc. (SNPS) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
