The stock of Synopsys, Inc (SNPS) has seen a 11.68% increase in the past week, with a 8.43% gain in the past month, and a 9.31% flourish in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are at 2.72% for SNPS. The simple moving average for the past 20 days is 10.50% for SNPS’s stock, with a 4.43% 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 price-to-earnings ratio that is above its average at 59.53x. The stock has a 36-month beta value of 1.08. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for SNPS is 152.83M, and at present, short sellers hold a 1.74% of that float. On November 08, 2024, the average trading volume of SNPS was 1.04M shares.
SNPS) stock’s latest price update
The stock of Synopsys, Inc (NASDAQ: SNPS) has increased by 3.70 when compared to last closing price of 553.15. Despite this, the company has experienced a 11.68% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-07 that Recently, Zacks.com users have been paying close attention to Synopsys (SNPS). This makes it worthwhile to examine what the stock has in store.
Analysts’ Opinion of SNPS
Many brokerage firms have already submitted their reports for SNPS stocks, with Mizuho repeating the rating for SNPS by listing it as a “Outperform.” The predicted price for SNPS in the upcoming period, according to Mizuho is $650 based on the research report published on October 22, 2024 of the current year 2024.
Berenberg, on the other hand, stated in their research note that they expect to see SNPS reach a price target of $660. The rating they have provided for SNPS stocks is “Buy” according to the report published on October 15th, 2024.
Piper Sandler gave a rating of “Overweight” to SNPS, setting the target price at $665 in the report published on April 04th of the current year.
SNPS Trading at 13.16% 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 -8.86% of loss for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares surge +7.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.47% upper at present.
During the last 5 trading sessions, SNPS rose by +11.68%, which changed the moving average for the period of 200-days by +6.13% in comparison to the 20-day moving average, which settled at $519.07. In addition, Synopsys, Inc saw 11.40% 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 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 13.96. 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 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.
