Synopsys, Inc. (SNPS) is gearing up for another turning point as it hit the volume of 0.67 million

On Tuesday, Synopsys, Inc. (NASDAQ: SNPS) opened higher 0.65% from the last session, before settling in for the closing price of $576.18. Price fluctuations for SNPS have ranged from $416.87 to $629.38 over the past 52 weeks.

Technology Sector giant saw their annual sales surged by 13.50% over the last 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.

The firm has a total of 20300 workers. Let’s measure their productivity.

Synopsys, Inc. (SNPS) Insider Activity

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 88.34%. 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) Earnings and Forecasts

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 14.34. Likewise, its price to free cash flow for the trailing twelve months is 80.97.

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)

Analysing the last 5-days average volume posted by the [Synopsys, Inc., SNPS], we can find that recorded value of 0.78 million was lower than the volume posted last year of 1.12 million. As of the previous 9 days, the stock’s Stochastic %D was 64.48%. Additionally, its Average True Range was 14.53.

During the past 100 days, Synopsys, Inc.’s (SNPS) raw stochastic average was set at 62.87%, which indicates a significant increase from 57.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.85% in the past 14 days, which was lower than the 30.91% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $556.93, while its 200-day Moving Average is $528.00. Now, the first resistance to watch is $583.80. This is followed by the second major resistance level at $587.70. The third major resistance level sits at $594.75. If the price goes on to break the first support level at $572.85, it is likely to go to the next support level at $565.80. Should the price break the second support level, the third support level stands at $561.90.

Synopsys, Inc. (NASDAQ: SNPS) Key Stats

There are currently 153,216K shares outstanding in the company with a market cap of 88.85 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.