Synopsys, Inc (NASDAQ: SNPS) has a higher price-to-earnings ratio of 57.91x compared to its average ratio. SNPS has 36-month beta value of 1.08. Analysts have mixed views on the stock, with 14 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for SNPS is 152.91M, and currently, short sellers hold a 1.71% ratio of that float. The average trading volume of SNPS on November 22, 2024 was 1.03M shares.
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SNPS) stock’s latest price update
Synopsys, Inc (NASDAQ: SNPS)’s stock price has plunge by 3.02relation to previous closing price of 541.56. Nevertheless, the company has seen a 1.76% surge in its stock price over the last five trading sessions. zacks.com reported 2024-11-21 that Zacks.com users have recently been watching Synopsys (SNPS) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.
SNPS’s Market Performance
Synopsys, Inc (SNPS) has experienced a 1.76% rise in stock performance for the past week, with a 13.08% rise in the past month, and a 3.44% rise in the past quarter. The volatility ratio for the week is 3.25%, and the volatility levels for the past 30 days are at 2.73% for SNPS. The simple moving average for the last 20 days is 4.05% for SNPS stock, with a simple moving average of 1.55% for the last 200 days.
Analysts’ Opinion of SNPS
Many brokerage firms have already submitted their reports for SNPS stocks, with Loop Capital repeating the rating for SNPS by listing it as a “Buy.” The predicted price for SNPS in the upcoming period, according to Loop Capital is $675 based on the research report published on November 12, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see SNPS reach a price target of $650. The rating they have provided for SNPS stocks is “Outperform” according to the report published on October 22nd, 2024.
Berenberg gave a rating of “Buy” to SNPS, setting the target price at $660 in the report published on October 15th of the current year.
SNPS Trading at 7.44% 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 -11.35% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 3.25%, as shares surge +12.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.11% upper at present.
During the last 5 trading sessions, SNPS rose by +1.76%, which changed the moving average for the period of 200-days by +0.66% in comparison to the 20-day moving average, which settled at $536.22. In addition, Synopsys, Inc saw 8.36% 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 11.98.
Currently, EBITDA for the company is 1.65 billion with net debt to EBITDA at -0.64. When we switch over and look at the enterprise to sales, we see a ratio of 13.57. The receivables turnover for the company is 4.16for 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 better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
