On Tuesday, Cadence Design Systems, Inc. (NASDAQ: CDNS) opened lower -0.25% from the last session, before settling in for the closing price of $301.56. Price fluctuations for CDNS have ranged from $194.01 to $327.36 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 13.90%. Company’s average yearly earnings per share was noted 15.20% at the time writing. With a float of $270.17 million, this company’s outstanding shares have now reached $271.71 million.
Considering the fact that the conglomerate employs 11200 people, you should pay attention to its efficiency factor.
Cadence Design Systems, Inc. (CDNS) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Cadence Design Systems, Inc. is 0.89%, while institutional ownership is 88.64%. The most recent insider transaction that took place on Apr 01 ’24, was worth 310,460. In this transaction Sr. Vice President of this company sold 1,000 shares at a rate of $310.46, taking the stock ownership to the 68,144 shares. Before that another transaction happened on Apr 01 ’24, when Company’s SVP & General Counsel sold 600 for $310.46, making the entire transaction worth $186,276. This insider now owns 21,080 shares in total.
Cadence Design Systems, Inc. (CDNS) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 15.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.05% during the next five years compared to 25.42% growth over the previous five years of trading.
Cadence Design Systems, Inc. (NASDAQ: CDNS) Trading Performance Indicators
Check out the current performance indicators for Cadence Design Systems, Inc. (CDNS). In the past quarter, the stock posted a quick ratio of 1.13. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 20.05. Likewise, its price to free cash flow for the trailing twelve months is 65.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.82, a number that is poised to hit 1.13 in the next quarter and is forecasted to reach 6.95 in one year’s time.
Technical Analysis of Cadence Design Systems, Inc. (CDNS)
Compared to the last year’s volume of 1.48 million, its volume of 1.28 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 17.21%. Additionally, its Average True Range was 7.62.
During the past 100 days, Cadence Design Systems, Inc.’s (CDNS) raw stochastic average was set at 64.80%, which indicates a significant increase from 18.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.31% in the past 14 days, which was lower than the 27.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $306.48, while its 200-day Moving Average is $264.72. Nevertheless, the first resistance level for the watch stands at $303.04 in the near term. At $305.28, the stock is likely to face the second major resistance level. The third major resistance level sits at $308.51. If the price goes on to break the first support level at $297.57, it is likely to go to the next support level at $294.34. Now, if the price goes above the second support level, the third support stands at $292.10.
Cadence Design Systems, Inc. (NASDAQ: CDNS) Key Stats
There are currently 272,239K shares outstanding in the company with a market cap of 82.00 billion. Presently, the company’s annual sales total 4,090 M according to its annual income of 1,041 M. Last quarter, the company’s sales amounted to 1,069 M and its income totaled 323,900 K.
