On Friday, Synopsys, Inc. (NASDAQ: SNPS) opened lower -0.70% from the last session, before settling in for the closing price of $564.73. Price fluctuations for SNPS have ranged from $416.87 to $629.38 over the past 52 weeks.
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Annual sales at Technology sector company grew by 13.50% over the past five years. Company’s average yearly earnings per share was noted 15.76% at the time writing. With a float of $152.40 million, this company’s outstanding shares have now reached $153.22 million.
Let’s look at the performance matrix of the company that is accounted for 20300 employees.
Synopsys, Inc. (SNPS) Insider Updates
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Synopsys, Inc. is 0.53%, while institutional ownership is 88.32%. The most recent insider transaction that took place on May 28 ’24, was worth 3,197,590. In this transaction Director of this company sold 5,500 shares at a rate of $581.38, taking the stock ownership to the 1,543 shares. Before that another transaction happened on May 24 ’24, when Company’s PRESIDENT AND CEO sold 10,294 for $582.41, making the entire transaction worth $5,995,301. This insider now owns 62,568 shares in total.
Synopsys, Inc. (SNPS) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 4/30/2024, the company posted 2.74 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 2.6) by 0.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.76% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.59% during the next five years compared to 22.96% growth over the previous five years of trading.
Synopsys, Inc. (NASDAQ: SNPS) Trading Performance Indicators
Check out the current performance indicators for Synopsys, Inc. (SNPS). In the past quarter, the stock posted a quick ratio of 1.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.87. Likewise, its price to free cash flow for the trailing twelve months is 78.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.19, a number that is poised to hit 3.28 in the next quarter and is forecasted to reach 15.05 in one year’s time.
Technical Analysis of Synopsys, Inc. (SNPS)
Synopsys, Inc. (NASDAQ: SNPS) saw its 5-day average volume 1.13 million, a negative change from its year-to-date volume of 1.14 million. As of the previous 9 days, the stock’s Stochastic %D was 22.89%. Additionally, its Average True Range was 14.34.
During the past 100 days, Synopsys, Inc.’s (SNPS) raw stochastic average was set at 50.23%, which indicates a significant increase from 26.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.69% in the past 14 days, which was lower than the 30.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $558.41, while its 200-day Moving Average is $523.11. Nevertheless, the first resistance level for the watch stands at $568.20 in the near term. At $575.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $587.19. If the price goes on to break the first support level at $549.21, it is likely to go to the next support level at $537.61. Assuming the price breaks the second support level, the third support level stands at $530.22.
Synopsys, Inc. (NASDAQ: SNPS) Key Stats
There are currently 153,216K shares outstanding in the company with a market cap of 85.93 billion. Presently, the company’s annual sales total 5,843 M according to its annual income of 1,230 M. Last quarter, the company’s sales amounted to 1,455 M and its income totaled 292,110 K.
