In the past week, SNPS stock has gone down by -3.31%, with a monthly decline of -11.35% and a quarterly plunge of -20.38%. The volatility ratio for the week is 2.74%, and the volatility levels for the last 30 days are 2.95% for Synopsys, Inc. The simple moving average for the past 20 days is -10.75% for SNPS’s stock, with a -16.51% simple moving average for the past 200 days.
Is It Worth Investing in Synopsys, Inc. (NASDAQ: SNPS) Right Now?
Synopsys, Inc. (NASDAQ: SNPS) has a higher price-to-earnings ratio of 47.92x compared to its average ratio. SNPS has 36-month beta value of 1.10. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for SNPS is 152.83M, and currently, short sellers hold a 1.71% ratio of that float. The average trading volume of SNPS on September 11, 2024 was 1.02M shares.
SNPS) stock’s latest price update
The stock of Synopsys, Inc. (NASDAQ: SNPS) has decreased by -0.81 when compared to last closing price of 465.50.Despite this, the company has seen a loss of -3.31% in its stock price over the last five trading days. prnewswire.com reported 2024-09-10 that ImSym – Imaging System Simulator Offers Accuracy, Accelerated Time-to-Market, and Enhanced Team Collaboration Highlights Industry’s only system-level imaging virtual prototyping platform Integrates the trusted accuracy of Synopsys’ CODE V and LightTools Significantly reduces the time required for imaging system conceptualization Features a unified simulation environment and Python interfaces for streamlined teamwork and custom workflows SUNNYVALE, Calif. , Sept. 10, 2024 /PRNewswire/ — Synopsys, Inc. (Nasdaq: SNPS) today announced the launch of ImSym – Imaging System Simulator, a groundbreaking virtual prototyping platform for imaging systems, encompassing lenses, sensors, and image signal processors (ISPs).
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 -15.45% 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 -26.64% of loss for the given period.
Volatility was left at 2.95%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares sank -12.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.16% lower at present.
During the last 5 trading sessions, SNPS fell by -3.20%, which changed the moving average for the period of 200-days by -14.53% in comparison to the 20-day moving average, which settled at $514.03. In addition, Synopsys, Inc. saw -10.33% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SNPS starting from Ghazi Sassine, who sale 10,293 shares at the price of $553.89 back on Aug 23 ’24. After this action, Ghazi Sassine now owns 62,568 shares of Synopsys, Inc., valued at $5,701,201 using the latest closing price.
SASSINE E GHAZI, the Officer of Synopsys, Inc., proposed sale 10,293 shares at $553.89 during a trade that took place back on Aug 23 ’24, which means that SASSINE E GHAZI is holding shares at $5,701,200 based on the most recent closing price.
Stock Fundamentals for SNPS
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.78 for the gross margin
The net margin for Synopsys, Inc. stands at 0.24. The total capital return value is set at 0.16. Equity return is now at value 22.29, with 14.12 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 11.1. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 11.96.
Currently, EBITDA for the company is 1.67 billion with net debt to EBITDA at -0.69. When we switch over and look at the enterprise to sales, we see a ratio of 11.26. The receivables turnover for the company is 4.15for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.02.
Conclusion
To put it simply, Synopsys, Inc. (SNPS) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
